Financial management companies closely follow science and technology finance policies, increasing equity investments in the hard tech sector to support the growth of science and technology innovation enterprises. With Chongqing Zhenbao Technology's listing on the Science and Technology Innovation Board and the acceptance of Shenzhen Yunbao Intelligence's application for listing on the Growth Enterprise Market, the investment chain of financial management funds—from science and technology incubation to capital empowerment, and then to exit through listing—has preliminary (changed to "initially") taken shape. Despite initial signs of investment effectiveness, science and technology innovation investments still face numerous mismatch issues. Financial management companies need to proactively innovate and seek science and technology innovation investment paths that align with industry characteristics.