The Securities Times: Strengthening the linkage between stocks and bonds, the market system serving technological innovation will be more attractive.

Chairman of the China Securities Regulatory Commission, Wu Qing, recently stated at the 2025 Lujiazui Forum that it is necessary to further strengthen the advantages of stock-bond linkage to serve technological innovation. In the view of industry professionals, technology innovation companies have characteristics such as high investment, long R&D cycles, and high risks, making it difficult for them to meet their funding needs through a single financing channel. With the better functioning of a series of innovative stock-bond linkage tools, the system of capital market serving technological innovation will become more attractive, further covering the capital supply for technology innovation enterprises throughout their lifecycle and promoting the integrated development of technology innovation and industrial innovation.