The reporter learned that the China Securities Association recently issued an analysis of the securities industry's operations in the first half of this year to brokerage firms. Among them, in terms of science and innovation: in the first half of the year, the entire industry served more than 540 billion yuan in financing for science and technology innovation enterprises through financial instruments such as IPOs and science and technology innovation bonds. Of these, 56 companies landed on the “Two Innovation Boards” and the Beijing Stock Exchange, achieving financing of 41,673 billion yuan; underwrote 553 science and technology innovation bonds, with an underwriting amount of 50,078 billion yuan. As strategic investors, brokerage firms and their alternative subsidiaries participated in the IPOs of the “Two Innovation Boards” and the Beijing Stock Exchange, with a cumulative investment scale of nearly 40 billion yuan to support the growth of science and innovation enterprises with their own capital. By the end of June, the brokers' private equity subsidiaries had a product scale of 693.693 billion yuan, an increase of 7.88% over the end of the previous year, guiding the flow of social capital to fields and industries with potential for growth.

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