On October 21st, the General Office of the CPC Central Committee and the General Office of the State Council jointly released a directive, underscoring the imperative to advance the profound integration of technological and industrial innovation. This directive accentuates the necessity of nurturing a synergistic cycle among technology, industry, and finance, and establishing a technology finance framework that adeptly caters to the financing requirements of technology enterprises throughout their entire lifecycle. The government will harness the potential of venture capital guidance funds, reinforcing the principles of early-stage investment, investment in small enterprises, long-term investment, and investment in cutting-edge technologies, while simultaneously refining long-cycle evaluation, differentiated oversight, and exit strategies. Moreover, the 'innovation points system' will be championed to quantitatively evaluate the innovation prowess of small and medium-sized technology enterprises. Additionally, a premier 'Science and Technology Board' will be instituted within the bond market, complemented by a policy framework for technology insurance.