Seven departments: Play the role of fiscal and taxation policies, leverage more financial resources to support technological innovation.

The Ministry of Science and Technology, the People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the National Development and Reform Commission, the Ministry of Finance, and the State-Owned Assets Supervision and Administration Commission of the State Council have issued the "Several Policy Measures to Accelerate the Establishment of a Science and Technology Financial System to Strongly Support High-level Scientific and Technological Self-reliance". They aim to leverage the role of fiscal and tax policies, mobilize more financial resources to support technological innovation, innovate the ways of financing technological investments, effectively use existing policies such as interest subsidies, insurance subsidies, and risk compensation, and support enterprise technological innovation. They will fully utilize the performance evaluation of government investment funds to guide funds to invest early, small, long-term, and in hard technology. They will implement a special guarantee plan for technological innovation, and effectively utilize the government's financing guarantee system. They will implement relevant tax policies for angel investment and venture capital investment, and guide more social capital to invest in technological innovation.