The "Special Guarantee Plan for Supporting Technological Innovation" (hereinafter referred to as the "Plan") formulated by the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the State Administration for Financial Regulation has recently been released. The Plan aims to effectively leverage the leading role of the National Financing Guarantee Fund (hereinafter referred to as the "Financing Guarantee Fund") system, guide banks to increase their financing support for small and medium-sized enterprises in the field of technological innovation, and leverage more financial resources to invest in the field of technological innovation. The Plan adheres to the principles of goal orientation, system guidance, market operation, moderate compensation, and performance guidance, and focuses on solving the problem of difficult and expensive financing for technology innovation small and medium-sized enterprises with promising projects, competitive technology, potential for development, and high intellectual property value. However, due to the lack of effective collateral and difficulty in meeting bank loan conditions, the Plan will increase support for loans and guarantees for technology innovation small and medium-sized enterprises. In order to accurately focus on the support objects, the Plan specifies that small and medium-sized enterprises that meet the basic conditions and meet one of the following conditions can be regarded as policy support objects, including technology-based small and medium-sized enterprises that have been included in the "National Science and Technology based Small and Medium sized Enterprise Information Database" and are still in existence; High tech small and medium-sized enterprises that have been recognized by relevant provincial management departments and are still in existence; Specialized and innovative small and medium-sized enterprises, as well as innovative small and medium-sized enterprises announced by the provincial small and medium-sized enterprise management department during their existence period; Small and medium-sized enterprises undertaking national science and technology projects, as well as small and medium-sized enterprises in the stage of achievement transformation and application during project acceptance; And relying on the "Innovation Points System", the Ministry of Science and Technology and the Ministry of Industry and Information Technology select candidate enterprises from the start-up and growth stages of technology-based small and medium-sized enterprises. The specific list of enterprises shall be determined by the Ministry of Science and Technology and the Ministry of Industry and Information Technology. Provincial science and technology departments and industry and information technology supervisory departments shall timely provide the list to local government financing guarantee and re guarantee institutions, strengthen information sharing and communication cooperation. The Plan also specifies that the classification will increase the proportion of insurance coverage. Banks and government financing guarantee systems share risk responsibility at a rate of no less than 20% of the loan amount and no more than 80% of the loan amount, respectively. The risk sharing ratio of Rongdan Fund has been increased from 20% to a maximum of no more than 40%. The insurance coverage ratio of provincial re guarantee institutions shall not be less than 20%. It is worth noting that the "Plan" will increase the upper limit of the insured balance for small and medium-sized enterprises in the field of science and technology innovation from 10 million yuan to no more than 30 million yuan, and gradually reduce the average guarantee rate charged to small and medium-sized enterprises in the field of science and technology innovation to below 1%. The Plan also mentions that the central government will allocate funds annually to provide certain risk compensation for the newly added compensation for the increased risk sharing of small and medium-sized enterprises in the field of science and technology innovation through the financing fund. Encourage localities with conditions to provide certain risk compensation to government financing guarantee and re guarantee institutions that have achieved good results in supporting small and medium-sized enterprises in science and technology innovation. (New Society)