Credit derivatives "boost" the issuance of science and technology innovation bonds, and the market calls for accelerated improvement of the system to unleash the potential for enhanced credibility.

As the financing channels for scientific and technological innovation bonds continue to widen, the role of credit derivatives as both a "risk mitigator" and a "confidence amplifier" is becoming more prominent. Recently, several banks have engaged in credit derivative transactions for technology-related enterprises, providing enhanced credit support for bond issuance. However, industry insiders interviewed expressed that there are still institutional shortcomings in credit derivatives in terms of capital relief, pricing mechanisms, legal applicability, etc., and suggested that the system should be improved from the perspective of rule supply to promote the broader and more efficient role of credit derivatives in the science and technology innovation bond market.