The "Work Plan for Solidly Doing a Good Job in Science and Technology Finance" recently jointly issued by the People's Bank of China and seven other departments is of great significance for promoting the comprehensive improvement of the ability, intensity, and level of science and technology finance services in financial institutions and markets. By continuously enriching various financial instruments, products, and services, technology finance can concentrate advantageous resources, promote the research and development of emerging technologies, the transformation of scientific and technological achievements, and the construction of modern industrial systems, providing a key driving force for achieving high-level technological self-reliance and promoting a virtuous cycle of "technology industry finance" for high-quality development. Starting from the exploration of the technology loan model in the 1980s, after more than 40 years of development, China's technology finance system has been continuously improved, the driving force of technology finance entities with banks as the main force has become increasingly prominent, and the relay service efficiency of the capital market has continued to enhance. Currently, a relatively complete system of technology finance support policies has been formed, with the deep participation of multiple entities such as the government, intermediary institutions, and technology innovation enterprises as the pillar, and the comprehensive synergy effect between the government and the market has been continuously strengthened, forming a market-oriented, diversified, and systematic development pattern. With the development of science and technology finance in China entering a new stage of deep integration of various elements of technology and finance, especially in the face of higher requirements for source innovation and coordinated linkage of factors in the development of new quality productivity, there is still great potential for the development of science and technology finance in China. This is mainly reflected in the smooth connection of financial services throughout the entire chain of technological innovation, the matching degree between financial resources and technological innovation activities, the adequacy of financial product supply, the strength of market inclusiveness, and the connection degree of multi-level capital markets. In the future, based on a scientific grasp of the requirements for the development of new quality productive forces and the laws of financial operation, we should take further improving the system and mechanism of science and technology finance as a breakthrough point, and solve the problems of difficult and expensive financing in science and technology innovation and industrial innovation as the core. By optimizing infrastructure construction, innovating credit models, enriching the supply of financial products, and improving the construction of multi-level capital markets, we should strengthen the logic of "scientific and technological innovation questions, financial answers", and promote a virtuous cycle of "science and technology industry finance". On the supply side, the development ecology of technology finance should be further improved. By focusing on streamlining the technology finance policy system, especially supplementing and improving policy gaps and refining implementation measures, we aim to enhance the level of policy precision services. By strengthening the construction of digital financial infrastructure such as information networks and big data platforms, establishing a unified technology finance intelligent service platform, promoting information sharing among regulatory agencies, financial institutions, professional talents, technology enterprises, etc., promoting business innovation, and enhancing the precision and adaptability of financing services. Focusing on financial services such as science and technology innovation credit, insurance, bonds, venture capital, private equity, and enterprise listing, efforts will be made to strengthen inter ministerial, central and local, provincial and municipal management coordination, plan differentiated assessment and regulatory models, enhance market inclusiveness, strengthen the linkage and connection of various levels of management institutions, and create a benign development ecology conducive to the mutual driving and integrated development of multiple innovation factors. In terms of facilitating the access of financial resources to scientific and technological innovation entities, we should adhere to the balance between indirect financing and direct financing as two legs. In terms of indirect financing, with the keyword of "improving quality", we will focus on enhancing the quality and efficiency of credit market services. By continuously improving the credit management mechanism of banking institutions, perfecting the management mechanism of financing guarantees and collateral, and encouraging banks to continuously innovate and enrich credit products. Differentiated and customized design is carried out based on the development stage of the enterprise in terms of credit, term, limit, interest rate, repayment method, etc., to further reduce the financing costs of science and technology innovation companies. Actively utilizing technologies such as big data to guide banks and other financial institutions to accurately depict customer profiles and identify customer needs based on comprehensive credit analysis and financial demand analysis, providing more convenient and efficient financing services for technology-based enterprises with different industry attributes and development stages. In terms of direct financing, with the keyword of "expanding volume", we will focus on enriching the capital market fund financing service system. Further improve relevant administrative regulations, implement differentiated supervision for different types of private equity investment funds, especially venture capital funds, smooth the various links of "fundraising, investment management, and withdrawal" for private equity and venture capital funds, and guide the standardized development of venture capital guidance funds, small and medium-sized enterprise development funds, etc. Under the background of fully implementing the registration system, by further enriching the issuance conditions, formulating differentiated listing standards, improving the conversion mechanism, and strengthening the connection between regional equity markets and high-level capital markets, a financing service market that accurately connects the entire life cycle of science and technology innovation will be formed. Guide the innovative development of various financing models such as preferred stocks, convertible bonds, supply chain finance, and asset securitization, expand financial advisory services, refinancing services, mergers and acquisitions services, and enrich the types of financial products for small and medium-sized enterprises. Timely promote the reform of trading mechanisms, strengthen investor education, promote the transformation of investment subject structure, guide more long-term funds to participate in bond and equity transactions of innovative and entrepreneurial enterprises, and achieve sustained liquidity support for innovation in the market. (New Society)