Zhu Hexin, the Vice Governor of the People's Bank of China, has announced that the establishment of the "Science and Technology Board" within the bond market is progressing without any hitches. To date, numerous institutions have successfully issued science and technology innovation bonds, amassing a cumulative total exceeding RMB 250 billion. Looking ahead, pertinent authorities will endeavor to enhance supporting mechanisms, particularly by assisting equity investment institutions in issuing low-cost science and technology innovation bonds. Additionally, by integrating risk-sharing tools and differentiated arrangements, the bond market aims to better align with the financing requirements of scientific and technological innovation enterprises. This strategic move is intended to address funding obstacles and bolster financial support for scientific and technological advancements.