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PBOC, CSRC Support Issuance of Technological Innovation Bonds
Recommend 68 Positive 135 Negative 33 |
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To accelerate the development of a multi-tiered bond market, build a technology finance system compatible with technological innovation, intensify financial support for major national technology projects and tech-focused SMEs, and improve policies that encourage long-term capital to invest early, small, long-term, and hardcore technology, the People's Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) expressed support for the issuance of technological innovation bonds. Specifically, financial institutions, tech-focused enterprises, and private equity and venture capital institutions are all eligible to issue technological innovation bonds, with funds raised to be used for investment and financing in the field of technological innovation. In addition, tech-focused enterprises may issue technological innovation bonds to raise funds for product design, R&D investment, project construction, operations, M&A, and other activities in the field of technological innovation. AAStocks Financial News |
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