Securities Times | China's First Compute-and-Storage Integrated Sci-Tech Innovation Bond Issued on SSE, Raising RMB 500 Million

Securities Times, Zhang Shuxian

Recently, Wuxi Industry Development Group successfully issued the China's first compute-and-storage integrated sci-tech innovation bond, "26 Xichan K1", on the Shanghai Stock Exchange (SSE), with an issuance size of RMB 500 million, effectively accelerating the commercialization of high-performance compute-and-storage integrated memory chips.

Currently, computing power, as a core productive force driving the digital economy toward an intelligent economy, has gradually become a national strategic infrastructure. The "15th Five-Year Plan" explicitly includes a dedicated section on "comprehensively promoting the empowerment of digital-intelligent technologies", clearly proposing the construction of a multi-tiered computing power infrastructure system and a nationwide integrated computing power network.

Against this backdrop, China's first compute-and-storage integrated sci-tech innovation bond has been officially issued. "Future industries such as artificial intelligence and 6G communications are rapidly iterating, with computing power demand growing exponentially. As a key core technology breaking through the physical limits of computing power, compute-and-storage integration will become an important driver of high-quality development in related industries," said a representative of Wuxi Industry Development Group. The Group will closely align with national and local strategic guidelines for the development of the compute-and-storage integration industry, fully leverage capital market tools such as sci-tech innovation bonds, attract leading enterprises across the industry chain, refine its proprietary process platforms, and accelerate the mass production of high-performance compute-and-storage integrated memory chips, providing strong support for building a secure and resilient modern computing power industry system.

According to statistics, to date, Wuxi Industry Development Group has cumulatively issued nearly RMB 7 billion in sci-tech innovation bonds on the SSE, with the raised funds precisely targeted at emerging pillar industries and future industries, continuously empowering technological innovation with patient capital.

Specifically, in the integrated circuit sector, Wuxi Industry Development Group issued the China's first Yangtze River Delta–focused bond exclusively for integrated circuits, with a size of RMB 680 million, primarily supporting major projects such as the Huahong Wuxi Base. Its investment in SJSemiconductor successfully passed the STAR Market listing review in February 2026, becoming the first IPO review on the STAR Market in the Year of the Horse, highlighting the synergistic effect of deep capital engagement and industry cultivation.

In the commercial space sector, Wuxi Industry Development Group issued China's first bond exclusively for the aerospace field, with a size of RMB 550 million, precisely directed toward leading commercial space enterprise LandSpace. This funding enabled China's first in-orbit flight verification of reusable orbital-class launch vehicles with high-precision return navigation, guidance, and control technology. Today, Wuxi Industry Development Group's portfolio—including LandSpace, Space Pioneer, and CAS Space—forms an industrial matrix covering the full rocket spectrum, with all companies having initiated listing processes.

In the field of artificial intelligence, Wuxi Industry Development Group has invested in Zhipu Huazhang, Horizon Robotics, and LinkDoc. In the embodied intelligence sector, the Group's investments extend to Geek+, Dobot Robotics, and Galbot.

Looking ahead, Wuxi Industry Development Group will continue to leverage the catalytic role of state-owned capital, focusing on hard-tech areas such as compute-and-storage integration. The Group will deepen core technology research and development as well as industrial implementation, persistently advancing breakthroughs in original, cutting-edge, and disruptive technologies, promoting the deep integration of technological innovation with the real economy, and providing solid financial support and industrial strength to strengthen landmark industries such as integrated circuits in Wuxi while expanding future industries such as artificial intelligence.