On June 24, 2024, Bank of Chongqing successfully issued a "technology and innovation theme" small and micro financial bond with a scale of 4 billion yuan, a term of 3 years, and a bond rating of AAA. The coupon rate is 2.17%, which sets the record of the lowest coupon rate for the bank's bond issuance, and also sets the record of the lowest coupon rate for small and micro financial bond issuance in the western region.

It is understood that Bank of Chongqing has issued a total of 15.5 billion small and micro financial bonds. The funds raised in this period mainly invested in small and micro enterprise loans, and were prioritized for investment in science and technology innovative enterprises loan projects to increase support for science and technology innovation by small and micro enterprises.

In recent years, Bank of Chongqing has been deeply implementing the spirit of the central financial work conference, striving to improve the quality of technology finance and inclusive finance services, focusing on the development needs of new quality productive forces, and building a credit loan product system featuring "specialized, special, and new credit" "good enterprise intellectual property loan" "equipment update loan," etc., constructing a diversified, accompanying, and relay financial services matrix, and setting up 1 science and technology branch and 5 science and technology characteristic branch institutions to provide accurate and effective financial services for key areas such as high-tech and "specialized, special, and new" small and micro enterprises, promoting a virtuous cycle and integrated development of "technology-industry-finance." As of year-end 2023, small and micro enterprise loans and science and technology enterprise loans increased by 18% and 11% year-on-year, and as of the end of the first quarter of 2024, the balances were 124.4 billion yuan and 30.4 billion yuan respectively, an increase of 21% and 28% year-on-year.

Next, Bank of Chongqing will deeply grasp the political and people-oriented nature of financial work, continuously improve the professionalism and effectiveness of financial services, continually deepen the structural reforms of financial supply-side, and focus on improving the quality and effectiveness of services for science and technology innovation and small and micro enterprises, and make every effort to do the "five major articles" of finance.

Source: Financial Yuzhou