The Finance Bureau of the Songjiang District of Shanghai issued the “Implementation Measures on Financial Support for Financial Service Model Innovation and Empowering High-Quality Development of Technology-based Small and Medium Enterprises”. Among them, it is mentioned that policy financing guarantee mechanisms for technology-based small and medium-sized enterprises will continue to be improved. Set up a 0.1 billion yuan technology-based SME policy financing guarantee fund pool, which is mainly used for financial institution risk compensation, corporate interest rates and financial institution rewards, and risk compensation for early investment by venture capital institutions, etc., to leverage financial capital to participate in solving the problems of difficult and expensive financing in the growth of technology-based SMEs.