Cheng Hehong, the chief lawyer of the China Securities Regulatory Commission, announced that high-quality companies' sci-tech innovation bonds will be included in the benchmark for market making varieties.

Cheng Hehong, Chief Lawyer of the China Securities Regulatory Commission, stated in a keynote speech at the 2025 Tianjin Wu Dao Financial Forum on June 5 that the next step is to strengthen the comprehensive services of stock and bond linkages. Promote the high-quality development of technology innovation corporate bonds, explore the development of more science and technology innovation-themed bonds, actively promote qualified enterprises to obtain funding through technology innovation bonds, and help reduce the financing costs of technology innovation enterprises. Include high-quality corporate science and technology innovation bonds in the benchmark liquidity varieties. Support the issuance of real estate investment trusts in fields such as artificial intelligence, data centers, smart cities, and technology innovation industrial parks, to promote the revitalization of existing assets and support the digital transformation of traditional infrastructure.