On May 7th, the People’s Bank of China and the China Securities Regulatory Commission jointly issued an announcement (hereinafter referred to as the “Announcement”) on matters related to supporting the issuance of science and technology innovation bonds, supporting financial institutions, technology enterprises and equity investment institutions in issuing science and technology innovation bonds, guiding long-term capital to invest early, in small, in the long term and in hard technology, and stimulating the impetus of scientific and technological innovation and market vitality. On May 27th, Beijing Business Today reporters noticed that many provinces have disclosed new progress in the issuance of “Science and Technology Innovation Bonds”.

Meanwhile, various regions have adopted multiple measures to actively promote the implementation and effectiveness of science and technology innovation bonds. Looking ahead, analysts suggest that it is necessary to base on the local industrial characteristics and the demands of science and technology innovation, strengthen the precise policy of “tailoring measures to local conditions”, and systematically design the issuance mechanism of science and technology innovation bonds.

At a press conference held by the Information Office of The State Council on May 22nd, Zhu Hexin, vice governor of the People’s Bank of China and director of the State Administration of Foreign Exchange, introduced that currently, all market participants have responded positively. Nearly 100 institutions have issued science and technology innovation bonds, with a total amount exceeding 250 billion yuan.

A reporter from Beijing Business Today found through statistics on the dynamics of the branches of the People’s Bank of China that various regions have actively participated in the “technology Board” of the bond market, and the first batch of science and technology innovation bonds have been successively launched.