Sichuan: Expand bond market financing channels and promote eligible enterprises to issue technology innovation bonds and green bonds

The General Office of the Sichuan Provincial People’s Government recently issued the “Implementation Opinions on Further Promoting Innovation and Breakthroughs in the Service Industry,” which proposes developing direct financing such as equity and bonds. It emphasizes leveraging the role of government industrial guiding funds to build a full lifecycle fund investment system covering seed, angel, mergers and acquisitions, and other types of venture capital and private equity investments. The plan aims to attract national-level funds such as social security funds, insurance companies, and financial asset investment companies to establish or invest in venture capital funds. It also seeks to expand financing channels in the bond market, encouraging eligible enterprises to issue technology innovation bonds and green bonds. Additionally, it promotes the issuance and application of real estate investment trusts (REITs) in infrastructure. The initiative guides qualified regions to apply for establishing futures delivery warehouses and explores the development of “Insurance + Futures” services. (People’s Financial News)