People's Bank of China's financial markets department's Cao Yuanyuan: Investors should establish a long-term value investment philosophy for technology innovation bonds.

Cao Yuanyuan, Deputy Director of the Financial Markets Department of the People's Bank of China, proposed four initiatives to market institutions participating in the launch of technology innovation bonds at the technology innovation bond online listing and centralized roadshow event hosted by the Dealer's Association and organized by the Northern Gold Exchange on the 9th. First, the issuing entities should use the raised funds effectively, focus on the national technological strategic needs, and increase financial support for technology industries and technology-based companies with significant impact. Second, investors should establish a long-term value investment concept for technology innovation bonds, actively participate in market investment and transactions, increase the trading activity of technology innovation bonds, and share the benefits of technology. Third, intermediary institutions are encouraged to design bond products that better meet the financing needs of the technology innovation sector by considering the unique financing characteristics of technology innovation enterprises, improve financial services for technology innovation enterprises throughout the entire lifecycle. Fourth, self-regulatory organizations are urged to further strengthen information disclosure and risk monitoring to ensure that the principles of marketization and legalization are consistently applied to technology innovation bonds.