In order to implement the deployment of “accelerating the implementation of the innovation-driven development strategy” of the 20th CPC National Congress, Industrial and Commercial Bank of China Huizhou Branch (ICBC Huizhou) actively responded to the Announcement of Matters Relating to Supporting the Issuance of Science, Technology and Innovation Bonds, which was jointly issued by the People's Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC), and launched one of China’s first scientific innovation bonds---the TCL scientific innovation bond worth one billion yuan, on May 13, 2025, thus adding new impetus to Guangdong-Hong Kong-Macao Greater Bay Area in building itself into an international scientific innovation center.
Institutional innovation to provide professional guarantee
As an important tool for the capital market to support scientific and technological innovation, scientific innovation bond is designed to address the R&D and innovation needs of high-tech enterprises, and build up a multi-dimensional innovative mechanism covering the screening of issuers, management of fund-raising, and registration and issuance services through special product design, optimization of supporting policies, and enhancement of market cultivation and other systematic arrangements. After learning of TCL Technology's demand for bond issuance, ICBC Huizhou quickly launched a three-tier linkage mechanism among the head office, provincial branch and municipal branch, and broke through the situation with the dual-wheel drive of “professionalism + efficiency”, following up carefully from policy interpretation, program design to regulatory communication, fund collection, etc., and synergizing its efforts with its professional ability and execution efficiency to realize the launch of one of China’s first batch of scientific innovation bonds. The success of this bond fully reflected the ICBC Huizhou’s “customer-centered” service concept and its strong collective capability.
Strategic synergy and ecological co-construction
As an important investment banking partner of TCL Technology, ICBC Huizhou has issued a total of 4 bonds for TCL Technology as the lead underwriter in the past 3 years, including the first green medium-term note of RMB 1.5 billion in April 2022, the first science and technology innovation note of RMB 2 billion in July 2022 and this scientific innovation bond. By assisting TCL Technology to successfully issue scientific innovation bond, ICBC Huizhou has effectively promoted the construction of the “technology board” segment of the bond market, improved the structure of the multi-level capital market, broadened the new direct-financing channel for science and technology enterprises, and further stimulated the momentum of science and technology innovation and market vitality.
Multi-dimensional enhancement and ecological empowerment
The successful issuance of the scientific innovation bond marks the official launch of the science and technology segment of the bond market. ICBC Huizhou will take this issuance as a new starting point, deepen the innovation of science and technology financial products, broaden the six-in-one integrated service system of “investment, lending, debt, stock, consulting, and renting”, and continue to give full play to its unique advantage of ICBC. It will continue to develop local market, closely focus on the financial needs of listed companies in Huizhou, and assist the stable development of the capital market in all aspects by linking up investment and loans. The bank will continue to launch more similar bonds, introduce financial “living water” to moisten the fertile soil of enterprises, promote the transformation of scientific and technological achievements, and contribute to the power of ICBC to build a global science and technology innovation highland in Guangdong-Hong Kong-Macao Greater Bay Area.
Reported by: WU Lei, WU Kang
