The Securities Regulatory Commission issued the “16 Measures to Serve High-Level Development of Technology Enterprises in the Capital Market”, which mentions further promoting the transformation of issuance supervision. Implement various institutional arrangements for the full implementation of the stock issuance registration system reform to drive the transformation of system supervision through the transformation of issuance supervision. Maintain the normalization of new stock issuance scientifically and rationally, make full use of joint efforts in issuance supervision lines, continuously improve audit efficiency and transparency, and meet the financing needs of technology-based enterprises of different types and stages of development.