People's Bank of China Guangdong Branch: Interbank Sci-Tech Innovation Bond Issuance Exceeds 140 Billion Yuan

On April 23, the People’s Bank of Guangdong Province held a press conference on the financial operation situation in Guangdong for the first quarter of 2026, introducing relevant financial statistics. It is reported that in May 2025, the People’s Bank of China and the China Securities Regulatory Commission jointly issued an announcement on supporting the issuance of technology innovation bonds, supporting three types of institutions: financial institutions, technology-based enterprises, private equity investment institutions, and venture capital institutions to issue technology innovation bonds. Since the new policy on tech innovation bonds was released nearly a year ago, what achievements has the “Tech Board” in the bond market in Guangdong made? How will it continue to be promoted next? In response to questions from Southern Finance reporters, Zhang Shuangchang, Deputy Head of the Guangdong Branch of the People’s Bank, said that the head office of the People’s Bank, together with relevant departments, launched the “Tech Board” in the bond market to better leverage the support role of the bond market for technological innovation. Over the past year since the policy was introduced, the Guangdong Branch of the People’s Bank has focused on implementing the “Tech Board” policy in Guangdong, enabling more financial institutions, tech-based enterprises, and equity investment institutions to raise funds in the bond market and do so effectively, better supporting technological innovation. As of the end of the first quarter this year, a total of 41 entities—8 financial institutions, 22 tech-based enterprises, and 11 equity investment institutions—had issued over 140 billion yuan in tech innovation bonds in the interbank market, achieving “full coverage” of the three types of entities: financial institutions, tech-based enterprises, and equity investment institutions. (Southern Finance)