Two brokerage firms are renaming their corporate bonds as technology innovation bonds for issuance, and the purpose of the funds has also changed.

Under the support of policies, many securities firms have successively issued their own first science and technology innovation bonds. At the same time, it was noted that two securities firms, Western Securities and Guangfa Securities, renamed their corporate bonds as science and technology innovation bonds, with issuance amounts not exceeding 10 billion yuan. It is worth mentioning that behind the renaming of the bonds, there are huge differences in the use of funds raised. Previously, funds raised from bonds were mostly used to repay debts, but after renaming the bonds as science and technology innovation-related varieties, both securities firms stated that they intend to allocate no less than 70% of the raised funds to support the technology innovation field through equity, bonds, fund investments, and other forms, to supplement the company's operating or working capital. Industry insiders believe that with the strong support of policies, it is expected that the issuance and trading volume of science and technology innovation bonds in China will maintain rapid growth in the future, which will not only provide more funding support for various technology companies but also improve the variety structure of China's credit bond market and alleviate the current "asset shortage" situation in fixed income investments.