Qin Sichao, Executive Vice President of CSI Pengyuan, said: The expansion of the sci-tech innovation bond market will help promote the construction of a multi-level bond market ecosystem.

The policy of expanding the science and technology innovation bond market has been implemented. The policy focuses on optimizing the bond market structure, improving the investment environment, and promoting the construction of a multi-level bond market, aiming to make the science and technology innovation bond market an important financing channel for technology innovation enterprises. Qin Sichao, Executive Vice President of Zhongzheng Pengyuan, stated in an interview that optimizing the bond market structure, refining the valuation model for science and technology innovation enterprises, improving the risk control system, and enhancing the coverage of credit enhancement tools will be the four major directions for the development of the science and technology innovation bond market. For rating agencies, it is necessary to accelerate the construction of rating models suitable for science and technology innovation enterprises, promote the digital transformation of their businesses, in order to better serve the expanding science and technology innovation bond market.