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Currently, the listed companies' issuance of technology and innovation bonds includes technology and innovation corporate bonds and technology and innovation notes. The rapid development of new varieties such as technology and innovation bonds is expected to drive the further increase of the scale of listed companies' bond financing. Mingming, the chief economist of CITIC Securities, predicts that due to the increase in financing demand brought about by economic recovery and policy support, the issuance scale of listed companies' bonds in 2025 is expected to exceed that of 2024. In the future, bond issuance may focus on two areas: first, in the field of technological innovation, the issuance scale of technology and innovation bonds is expected to continue to expand; second, in the green field, the market demand for green bonds will increase as environmental protection policies strengthen.
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