CSRC: Promote the high-quality development of technology innovation corporate bonds and explore the development of more science and technology innovation theme bonds.

Cheng Hehong, Chief Lawyer of the China Securities Regulatory Commission, stated in his keynote speech at the 2025 Tianjin Wudadao Financial Forum on June 5 that the next step for the commission is to fully, accurately, and comprehensively implement the new development concept, deepen the reform of the capital market's technological financial system, fully utilize the functions of multi-level capital markets, continuously promote the deep integration of technological innovation and industrial innovation, effectively strengthen the protection of the legitimate rights and interests of investors, especially small and medium-sized investors, and provide greater support for the development of technology innovation and new productive forces. They will enhance comprehensive services for stock and bond linkages, promote the high-quality development of technology innovation corporate bonds, explore the development of more science and technology-themed bonds, actively promote eligible enterprises to obtain funding through technology and innovation bonds, help reduce the financing costs of technology innovation enterprises, include high-quality enterprise innovation bonds in benchmark making varieties, support projects in fields such as artificial intelligence, data centers, smart cities, and science and technology innovation industrial parks to issue real estate investment trust funds, promote the revitalization of existing assets, and support the digital transformation of traditional infrastructure.