Recently, Bank of China, as the sole lead underwriter and bookrunner, assisted North China Electronics Technology Group (hereinafter referred to as "North China Electronics") in issuing RMB 596 million of technology innovation asset-backed commercial paper in the interbank market. The paper has a term of 180 days and a coupon rate of 1.92%, providing strong financial support for North China Electronics to consolidate its leading position in the semiconductor equipment manufacturing industry.
As a leading enterprise in China's semiconductor equipment manufacturing industry, Naura Technology Group is a backbone force in ensuring the security of my country's industrial and supply chains and promoting technological self-reliance. The successful launch of this product provides a replicable and scalable practical model for domestic science and technology innovation enterprises to revitalize existing assets and achieve high-quality development through securitization tools, and effectively promotes the precise allocation of financial resources towards new-quality productivity.
As a key participant in the interbank market's asset securitization products, Bank of China has ranked first among bank underwriters for seven consecutive years. This year, Bank of China has focused on the field of science and technology innovation asset securitization, serving as the lead underwriter for 10 technology innovation asset securitization products issued by companies such as North China Electronics, China Communications Construction Third Harbor Engineering Bureau, and Wuhan Weilai Battery, demonstrating its commitment to the grand strategy of "technology finance."
Bank of China will continue to leverage its comprehensive and distinctive service advantages to more accurately meet the development needs of new-type productivity, injecting strong financial momentum into promoting the deep integration of technological and industrial innovation and achieving technological self-reliance.
