TEDA Enterprise Becomes Tianjin’s First to Register Sci-Tech Innovation Bond

Recently, the science and technology innovation bond issued by  Tianjin Venture Capital Co., Ltd.(TJVCM), an enterprise from TEDA, has been registered through the National Association of Financial Market Institutional Investors (NAFMII). This marks TJVCM as one of the first 34 enterprises in China to apply for the registration of innovation bonds. It is also the first state-owned venture capital institution in Tianjin to complete the registration of such innovation bond, fully demonstrating the leading advantages of TEDA in technological and financial innovation area.

TJVCM is co-established by Tianjin Venture Capital Development Center, an institution directly affiliated to Tianjin Science and Technology Commission, and TEDA State-owned Assets Operation Company. It is positioned as a fund-of-funds-type company for venture capital. The size of the science and technology innovation bond registered this time is 500 million yuan, with an initial issuance of 150 million yuan. The raised funds will be used to invest in venture capital funds. It will focus on supporting high-quality technology transfer companies and hard-tech ones in TEDA and Tianjin, further promoting the deep integration of technology finance and tech-driven enterprises.

As a key area in industrial finance development in Tianjin’s financial innovation zone, TEDA continues to strengthen the deep integration of industry and finance. It is committed to building a new model for financial service combining funds and industrial chain investment together, which is expected to provide strong financial support for industrial upgrading and enterprise development. TEDA will continuously enhance the function of financial services for the real economy to achieve high-quality regional development.