Recently, Jiangbei Industrial Investment Group, located at China (Jiangsu) Pilot Free Trade Zone Nanjing Area, have successfully issued RMB 500 million of sci-tech innovation corporate bond at Shanghai Stock Exchange, which is among the first batch of sci-tech innovation corporate bonds listed nationwide, and the first of its kind in Jiangsu.

In 2021, China (Jiangsu) Pilot Free Trade Zone Nanjing Area has made breakthroughs in further innovation of investment and financing mechanisms in key areas. In January of this year, Jiangbei Industrial Investment Group’s high-quality corporate bond was approved by the National Development and Reform Commission (NDRC) for registration, becoming the first high-quality corporate bond approved in Jiangsu under the registration system.

Jiangbei Industrial Investment Group, along with two leading domestic venture capitals of Shanghai STVC Group and Zhongguancun Development Group (ZGC Group), has become one of the first entities to file and list the sci-tech innovation bonds at Shanghai Stock Exchange. The listing has also drawn wide attention from investors. The bond saw 2.13 times of subscription with coupon rate of 3.9%, which will provide strong financial support for the innovative industrial distribution of Jiangbei Industry and Investment Group.

Taking the opportunity of bond listing, Jiangbei Industry and Investment Group will further gather capital in Jiangbei New Area (Pilot Free Trade Zone) to bolster the advancement of “Two Towns and One Center” and invigorate industrial clustering and development.