It is worth noting that while many securities firms are vigorously issuing new sci-tech innovation bonds, there are also some that have renamed their original corporate bonds as Sci-Tech innovation bonds and issued them. For instance, on May 26th, Huaxi Securities stated that it had previously been approved to issue no more than 10 billion yuan worth of corporate bonds. Due to the phased issuance of the bonds, in accordance with the naming convention of corporate bonds and with the consent of the competent authorities, the bonds were changed from corporate bonds to science and technology innovation bonds.

Coincidentally. On May 27th, Western Securities also released an announcement regarding the name change of its publicly issued corporate bonds to professional investors. Specifically, in January 2024, the company received the approval from the China Securities Regulatory Commission to register for the issuance of corporate bonds with a face value of no more than (inclusive) 18 billion yuan to professional investors. Western Securities stated that due to the cross-year and phased issuance involved, the bond name has been adjusted to the 2025 Public Offering of Science and Technology Innovation Corporate Bonds to Professional Investors (Phase I). According to the relevant prospectus released after the name change, all the bonds after the name change are planned to allocate no less than 70% of the raised funds specifically to support business in the field of scientific and technological innovation.