The prosperity of technology leads to the prosperity of the nation, and the strength of technology leads to the strength of the country. How to make the "flower of technology" bloom more brilliantly? A document jointly issued by the People's Bank of China and seven other departments recently clarifies for the first time the "construction drawings" of technology finance. This work plan on solidly doing a good job in science and technology finance proposes to "strengthen the construction of basic systems, improve incentive and constraint mechanisms", and provide full chain and full life cycle financial services for the scientific and technological innovation activities of various innovative entities, pointing out the direction for financial "water" to irrigate scientific and technological innovation. Technology finance is finance that supports technological innovation. The Central Financial Work Conference held in 2023 proposed to do a good job in five major articles, with technology finance ranking first. Why is technology finance placed in such an important position? Currently, the technological revolution and the game of great powers are intertwined, and the high-tech field has become the forefront and main battlefield of international competition. Conquering key core technologies, cultivating strategic emerging and future industries, and transforming traditional industry technologies... Every key area of technological innovation urgently requires funding support and the development of technology finance. Over the years, the financial sector has been working hard to support technological innovation. Banks have set up "technology finance centers" and "technology branches", and direct financing channels such as the Growth Enterprise Market, Science and Technology Innovation Board, and the Beijing Stock Exchange are constantly expanding. The government is guiding the rapid rise of funds... It can be said that China's financial system has formed a consensus to support technological innovation. A set of data is the most convincing: in the past five years, the average annual growth rate of medium - and long-term loan balances in high-tech manufacturing industry has remained above 30%; The loan acquisition rate of technology-based small and medium-sized enterprises has increased from 14% to 47%; The cumulative issuance of scientific and technological innovation bills is 800 billion yuan; More than 1700 specialized, refined, and innovative enterprises have been listed on the A-share market; The management scale of venture capital funds has reached 3 trillion yuan... Nevertheless, there are still many science and technology innovation enterprises that are "thirsty" and some financial institutions that are "struggling". The difficulties and pain points that need to be solved in technology finance are still prominent. One important reason is that technological innovation often involves high investment, high risk, and long cycles. Technology enterprises have different needs at different stages of their lifecycle, and China's financial system has not yet provided financial services and products that match and adapt to them. This time, the People's Bank of China, the Ministry of Science and Technology, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the State Administration of Financial Supervision, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued a work plan, proposing a series of targeted work measures, and the "construction drawings" for overcoming difficulties are clear at a glance. The angel investment venture capital private equity investment bank loans capital market financing plan depicts a diversified relay style financial service landscape for technology finance. The differentiated development of large, medium and small banks, multi-level support from various sectors of the capital market, strengthened cooperation among securities, financing guarantees, insurance and other institutions, and the aggregation of resources by technology finance alliances in various regions... It can be foreseen that the technology finance ecosystem will become increasingly rich and perfect, promoting the sustainable and healthy development of technology finance. There is a macro vision and specific measures. Building an exclusive organizational structure and risk control mechanism for technology finance, improving internal systems such as performance evaluation and due diligence exemption... If financial institutions can implement these policy arrangements in the plan, technology-based small and medium-sized enterprises can look forward to risk assessment models that are suitable for themselves, tailored technology finance products, and personalized technology finance teams. How to support the "flourishing of technology" to produce "industrial fruits"? The recently held "Three Sessions on Science and Technology" emphasized the need to focus on technology finance and guide financial capital to invest in early, small, long-term, and hard technology. This means that financial support for technology-based enterprises should be more inclusive and sustainable. Whether it is deepening the pilot innovation of regional equity markets or enriching the sources and exit channels of venture capital funds, the multiple measures proposed in the plan aim to guide patient and longer-term capital towards seed and start-up technology-based enterprises. At the same time, in the process of promoting the transformation and application of scientific and technological achievements, the financial system is also achieving high-quality development in industrial transformation and upgrading. Reform and innovation never stop, and the financial "living water" is accelerating. Looking forward to the strong support of technology finance, the fertile land of scientific and technological innovation will bloom with brilliant "technology flowers", injecting inexhaustible momentum into the high-quality development of the Chinese economy. (Lai Xin She)