The China Securities Regulatory Commission released the "Implementation Opinions on Capital Markets Supporting Financial 'Five Major Articles'". Support for high-quality technology-based enterprises to issue and list shares. Continuously promote the implementation of a series of policy measures such as the "Sixteen Measures to Support High-Level Development of Technology Enterprises in Capital Markets" and the "Eight Measures to Deepen the Reform of the Star Board to Serve Technological Innovation and New Quality Productivity". Adhere to the "Four Orientations", further enhance the inclusiveness towards new industries, new business forms, and new technologies, and increase support for strategic industries such as new-generation information technology, AI, aviation, new energy, new materials, SSE High-End Equipment Manufacturing 60 Index, Biomedical, and Quantum Technology. Actively explore effective market and proactive government approaches, further improve the institutional mechanisms for accurately identifying technology-based enterprises, and support technology-based enterprises in new industries, new business forms, and new technologies to issue and list with greater intensity as they break through key core technologies. Continuously support high-quality unprofitable technology-based enterprises to issue and list shares. Improve the information disclosure rules for technology-based enterprises. Optimize the new stock issuance underwriting mechanism, dynamically assess the implementation effect of the Star Board's deepened issuance and underwriting system pilot, and appropriately expand the applicability. Steadily promote the effectiveness of the "light asset, high R&D investment" recognition standard, and the publication and implementation of the refinancing shelf issuance system. Guide technology-based enterprises to make reasonable use of the "two markets, two resources" of domestic and overseas listings, and support high-quality technology-based enterprises listed overseas to return to the A-shares.