The Ministry of Science and Technology, in collaboration with six other ministries, has promulgated the "Policy Measures on Accelerating the Development of a Science and Technology Financial System to Foster High-Level Self-Reliance and Self-Improvement in Science and Technology." This policy is designed to establish clear identification criteria for technology-driven enterprises and a recommendation framework, facilitating more efficient support from banking and insurance financial institutions. It urges commercial banks to establish dedicated science and technology finance units, particularly urging the opening of technology branches in technologically rich regions. Additionally, the policy promotes the exploration of performance evaluation systems tailored for long-term technological innovation loans by eligible banks and the establishment of a due diligence exemption mechanism. Furthermore, the policy selects a number of commercial banks and pilot cities to implement pilot programs for mergers and acquisitions loans tailored to technology enterprises, raising the loan-to-transaction-price ratio to 80% and extending loan tenures to a maximum of 10 years.