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Increasing investment in securities companies to focus on serving the development of new quality productivity

2024-08-07

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Xinhua News Agency, Beijing, August 7 (Xinhua) China Securities Journal published an article on the 7th titled "Securities firms focus on serving the development of new productivity". The article stated that since the beginning of this year, in order to better serve technological innovation and promote the development of new productivity, relevant policies such as "16 measures for the capital market to serve the high-level development of technology companies" and "Eight measures on deepening the reform of the science and technology innovation board to serve technological innovation and the development of new productivity" have been issued. China Securities Journal reporters learned from several securities firms that under the guidance of relevant policies, the securities industry has helped the development of new productivity through various financial service models such as establishing sponsor funds, broadening financing channels, and issuing science and technology innovation bonds.

Establishing a sponsoring fund of funds

In the context of accelerating the development of new productivity, securities companies are actively guiding resources to key areas such as technological innovation and digital economy, providing strong support for the development of new productivity. In July this year, Guotai Junan Securities and Haitong Securities both announced that their wholly-owned subsidiaries intend to invest no more than RMB 1 billion to participate in the investment of "Shanghai Three Leading Industry Mother Funds", corresponding to the three key directions of integrated circuits, biomedicine and artificial intelligence, and give full play to the company's business advantages in the development of the three major industries.