Shenwan Hongyuan Group Co., Ltd. (Shenwan Hongyuan) is firmly committed to serving technology enterprises as its core mission, aiming to establish a distinctive brand in technology finance aligned with national strategies. By capitalizing on its integrated strengths in "research + investment + investment banking," the company is accelerating the development of a comprehensive financial service system tailored to support the growth of new productive forces, thereby elevating the technological depth across its business segments.

**Anchoring Technology Finance to Empower the Real Economy** As a state-owned securities firm with a strong sense of mission, Shenwan Hongyuan positions itself as a bridge between the technology sector and capital markets, fostering a virtuous cycle of "technology-capital-industry" to provide precise financial support for modern industrial systems. The company has systematically optimized its strategic initiatives, reinforcing coordination among research, investment, and investment banking divisions to consolidate its advantages in technology finance and align financial services with the demands of new productive forces.

**Building an Integrated Financial Service Chain** In advancing technology finance, challenges such as limited understanding of disruptive technological breakthroughs, mismatches between financial products and actual needs, and inefficient resource allocation persist. To address these, Shenwan Hongyuan has adopted a full-lifecycle approach to create a multi-dimensional service chain:

1. **Enhanced Recognition of New Productive Forces**: Through targeted investment banking and investment-driven strategies, the company strengthens its ability to identify and support critical technologies and "bottleneck" sectors. By improving valuation and pricing capabilities for core technology projects, it expands its pipeline in cutting-edge fields like AI, new energy, and advanced materials.

2. **Value Management for Listed Companies**: The firm pioneered the "Shenwan Hongyuan Diamond Model for Value Management," offering a comprehensive evaluation system and services spanning strategic consulting, equity incentives, and investor relations to enhance corporate value.

3. **Integrated Institutional Platforms**: Leveraging its research expertise, Shenwan Hongyuan provides one-stop services including sales, market-making, derivatives, and cross-border transactions, facilitating capital flows into innovation-driven enterprises.

**Tangible Achievements** In 2024, Shenwan Hongyuan achieved underwriting volumes exceeding CNY 930 billion in equities and bonds, with investment balances nearing CNY 500 billion. By mid-2025, it supported five tech firms in listings across ChiNext, STAR Market, and the Beijing Stock Exchange, while financing specialized "little giant" enterprises like Aero Engine Corporation of China Commercial Aircraft Engine (AECC CAE) and Maichi Iron Man. The company also pioneered innovative bond products and hosted large-scale forums to promote financial derivatives for实体经济.

**Future Roadmap** Moving forward, Shenwan Hongyuan will deepen its expertise in technology finance by refining business models, enhancing specialization, and fostering cross-divisional collaboration. Key focuses include: - **Business Layout**: Combining "industry research + investment + investment banking" to drive regional and sector-specific industrialization. - **Professional Capabilities**: Establishing task forces to monitor emerging technologies and industrial trends, facilitating end-to-end innovation commercialization. - **Synergy Optimization**: Integrating resources across research, investment subsidiaries, and funds to support enterprises from R&D breakthroughs to market expansion.

This article originally appeared in the October 30 edition of *Securities Times* under the title *Leveraging "Research + Investment + Investment Banking" Strengths: Shenwan Hongyuan Enhances "Tech-Driven" Business Capabilities*.