The Securities Regulatory Commission formulated the “16 Measures to Serve High-Level Development of Technology Enterprises in the Capital Market”. Among them, it is proposed to increase refinancing support for technology-based enterprises. Give full play to the role of the Science and Technology Innovation Board as a “test field”, support the development of innovative and entrepreneurial enterprises growing on the GEM, actively research more types and methods of financing that meet the needs of technology-based enterprises, and study the establishment of a Science and Technology Innovation Board and GEM shelf distribution system. Improve the effectiveness and convenience of refinancing, and guide listed companies to invest raised capital in related fields in line with national economic development strategies and industrial orientation.