The scale of the Shanghai Stock Exchange's science and technology innovation bond issuance within the year has exceeded 195 billion yuan.

In recent years, with the strong support of the government for technological innovation, science and technology innovation bonds, as an important tool to serve the real economy and support technological innovation in the capital market, are facing unprecedented opportunities for development. Wind data shows that the total issuance scale of science and technology innovation bonds on the Shanghai Stock Exchange has exceeded 195 billion yuan this year. Since the debut of the "technology board" in the bond market on May 7, 2025, the issuance scale of science and technology innovation bonds on the Shanghai Stock Exchange has exceeded 900 billion yuan, with proceeds used for corporate research and development, supplementing working capital, repaying company interest-bearing debt, or making equity investments in technology innovation enterprises. Industry insiders point out that under the joint efforts of continuous strengthening of regulatory policies, coordinated efforts of local support, and active participation of market institutions, the issuance scale of science and technology innovation bonds is steadily increasing, the issuers are becoming more diverse, and the funds are highly focused, forming a complementary relationship with equity financing throughout the cycle, effectively connecting the "technology - industry - finance" virtuous cycle, injecting a continuous stream of capital momentum to nurture and strengthen new productive forces and serve high-level technological self-reliance.