Logo 04 Mar 2026

Sci-tech bonds are for science and tech – not debt repayment

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What happened: On March 2, 2026, the National Association of Financial Market Institutional Investors (NAFMII) published guidance clarifying the issuance of sci-tech and innovation bonds, and the use of raised funds. Some context: NAFMII operates under the supervision of the central bank (PBoC), and...