【Pan Gongsheng: Establishing Risk Sharing Tools for Technology Innovation Bonds】Jin Ten Data, May 7 - On May 7, Pan Gongsheng, the Governor of the People's Bank of China, announced at a press conference held by the State Council Information Office the establishment of risk sharing tools for technology innovation bonds. The central bank will provide low-cost relending funds to purchase technology innovation bonds and cooperate with local governments and market-oriented credit enhancement institutions, among others, to share part of the default loss risk of the bonds through diversified credit enhancement measures such as joint guarantees, thus supporting technology innovation enterprises and equity investment institutions in issuing low-cost, long-term technology innovation bonds for financing. (Xinhua News Agency)
