On May 22, Qiu Yong, Vice Minister of the Ministry of Science and Technology, emphasized that the advancement of science and technology finance is a multifaceted and intricate endeavor, necessitating robust coordination between science, technology, and finance, as well as seamless collaboration between central and local governments. In pursuit of this goal, seven departments collaboratively unveiled the "Several Policy Measures to Accelerate the Construction of the Science and Technology Finance System and Provide Robust Support for High-Level Scientific and Technological Self-Reliance." This initiative establishes a multi-departmental coordination and advancement framework, encourages regional innovation initiatives, and comprehensively deploys various financial tools. The policy underscores a shift from fiscal to financial mindset, emphasizing the pivotal role of fiscal and tax policies in guiding and supporting scientific and technological innovation.