On May 31, the “Beijing Regional Equity Market System and Business Innovation Pilot Program” was officially released. According to reports, in April of this year, the China Securities Regulatory Commission wrote back to the Beijing Municipal Government, agreeing to launch a pilot system and business innovation in the Beijing regional equity market. Launched in Beijing, the pilot is conducive to further strengthening and improving market service levels, attracting high-quality financial resources, broadening financing channels for technology-based SMEs, exploring and cultivating backup listing resources, promoting the linkage between regional equity markets and higher-level capital markets, improving the multi-level capital market system, guiding the convergence of capital elements into the real economy, and better serving the high-quality construction of the Beijing International Science and Technology Innovation Center and the Zhongguancun Science and Technology Innovation Finance Reform Pilot Zone to help the city's innovative SMEs develop with high quality. (Shanghai Securities Report)