The Finance Committee Office of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission and other departments issued “Certain Measures to Further Strengthen Technology Finance Services by Fully Utilizing Direct Financing Functions in Shanghai”, which proposed optimizing investment relays in the primary and secondary markets. Do a good job of standardizing and cultivating key hard technology enterprises on the Science and Technology Innovation Board, communicating and coordinating overseas listings, and promoting enterprise information by GEM local governments. The city works together to provide corporate compliance guidance to support key technology enterprises in Shanghai to connect with domestic and foreign capital markets. Optimize the listing counseling system for technology companies, integrate intermediary agency resources, and provide accurate capital market training and matchmaking services. Support the establishment of cornerstone investment funds and provide facilities such as review, filing, and exchange for their cross-border investments. Asset management institutions such as public funds and bank wealth management are encouraged to set up more science and innovation themed ETF funds, science and technology innovation wealth management products, etc., to cultivate technology investment power in the secondary market.

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