On April 16, “2021 Initial Non-public Green Tech Innovation Businesses Bond (earmarked for reaching carbon neutrality) by Science and Technology Investment Group Co., Ltd in Nanjing Jiangbei New Area”, underwritten by Guotai Jun’an Securities as the lead manager, was successfully issued.

The issuance represents Nanjing’s as well as China’s first carbon neutrality green tech innovation bond, the only “double specialized bond” in market that integrates green finance (carbon neutrality) with technological innovation. With an issuance value of RMB 50 million and a period of “3+2+2” years, the bond is coded as “21 Jiang Ke GK” wherein G represents “green” and K represents “technological innovation”, named in a unique way first shown in the history of Chinese bond market.

Fund raised via the issuance will be mainly invested in areas of carbon emission reduction as well as in acquiring equity of tech innovators whose products are conducive to curbing carbon emission. As the first carbon neutrality green tech innovation bond in market that combines features of both green finance and technological innovation, it aims to offer financial support to development and implementation of green tech innovation projects, and contribute financially to bringing prosperity to the green tech innovation industry.