In 2025, the “Science and Technology Board” of the bond market was unveiled. Up to now, the size of science and innovation bonds has exceeded 1.7 trillion yuan. During the National Conference this year, the People's Bank of China stated that it will promote the construction of a “technology board” for the bond market. On May 7, the People's Bank of China and the China Securities Regulatory Commission jointly issued the “Notice on Matters Relating to Supporting the Issuance of Science and Technology Innovation Bonds”, officially announcing the launch of a “technology board” in the bond market, and science and innovation bonds have also ushered in a new era of rapid development. Market sources said that this has broadened financing channels for science and technology innovation enterprises, guided the bond market to invest early, small, long-term, and hard in technology, stimulated scientific and technological innovation momentum and market vitality, and helped cultivate new types of productivity. In 2025, not only will the scale of science and innovation bonds increase dramatically, but the ecological construction will also gradually improve. Not only will science and innovation bond ETFs come out of nowhere to increase market liquidity and participation, but risk management tools such as credit risk mitigation tools and credit default swaps will also continue to be innovated to better protect investors.

In 2025, the “Science and Technology Board” of the bond market was unveiled. Up to now, the size of science and innovation bonds has exceeded 1.7 trillion yuan. During the National Conference this year, the People's Bank of China stated that it will promote the construction of a “technology board” for the bond market. On May 7, the People's Bank of China and the China Securities Regulatory Commission jointly issued the “Notice on Matters Relating to Supporting the Issuance of Science and Technology Innovation Bonds”, officially announcing the launch of a “technology board” in the bond market, and science and innovation bonds have also ushered in a new era of rapid development. Market sources said that this has broadened financing channels for science and technology innovation enterprises, guided the bond market to invest early, small, long-term, and hard in technology, stimulated scientific and technological innovation momentum and market vitality, and helped cultivate new types of productivity. In 2025, not only will the scale of science and innovation bonds increase dramatically, but the ecological construction will also gradually improve. Not only will science and innovation bond ETFs come out of nowhere to increase market liquidity and participation, but risk management tools such as credit risk mitigation tools and credit default swaps will also continue to be innovated to better protect investors.