Chinese financial regulators announced sweeping measures Wednesday to expand the issuance of sci-tech innovation bonds, marking a major step in supporting technology enterprises and accelerating the nation's global innovation ambitions.
The People's Bank of China (PBOC) and the China Securities Regulatory Commission revealed plans to diversify bond products, streamline issuance processes, and create a more robust credit rating system. Commercial banks, securities firms, and financial asset investment companies will now qualify as issuers, widening funding channels for tech-driven projects.
'This initiative breaks down financing barriers for innovators,' said a Beijing-based financial analyst. 'By unlocking over 300 billion yuan ($41.7 billion) in planned bond issuances, it creates a lifeline for R&D-intensive sectors like AI and green energy.'
The move comes eight months after China's announcement of a dedicated 'sci-tech board' for bond markets, reflecting a coordinated strategy to position the Chinese mainland as a global tech leader. PBOC data reveals nearly 100 entities are preparing to issue bonds under the new framework.
Market observers note the reforms address critical challenges for startups: 'Simplified disclosures and diversified investor participation could transform how breakthrough technologies reach commercialization,' remarked a Shanghai fintech executive.
