Core Viewpoint - China has intensified financial support for technological innovation by establishing multiple pilot zones for financial reform in science and technology, aiming to reduce financing costs for innovative enterprises and optimize the allocation of financial resources [1][2]. Group 1: Establishment of Pilot Zones - The first pilot zone for financial reform in science and technology was approved in Jinan, aiming to create a comprehensive financial service system for technological innovation within approximately five years [2]. - Other cities, including Shanghai, Nanjing, Hangzhou, Hefei, and Jiaxing, have also been designated as pilot zones, with similar five-year goals to develop into demonstration areas for financial cooperation and innovation [2]. - By 2023, Beijing's Zhongguancun area aims to establish a financial service system that effectively supports technological innovation, aligning with international standards [2]. Group 2: Institutional Innovation and Development Paths - Pilot zones are focusing on institutional design and development paths tailored to local industries and financial resources, creating unique development models [3]. - Hefei has injected over 220 billion yuan of state capital, leading to investments exceeding 840 billion yuan and the establishment of 13 major investment projects, enhancing the regional economic level [3]. Group 3: Credit Evaluation and Risk Management - Nanjing has launched a specialized financial service platform for intellectual property, improving credit assessment accuracy through big data modeling [4]. - Hangzhou's "Hangchuan E-Station" analyzes various aspects of enterprises to facilitate the conversion of data value into financing capital [4]. - Pilot zones are developing incentive and accountability mechanisms to encourage financial institutions to invest in technological innovation, with various cities implementing differentiated performance plans and risk tolerance measures [4]. Group 4: Challenges and Future Directions - There are still shortcomings in the construction of pilot zones, such as the need for better synergy between policy support and market mechanisms, and the lack of a robust system for valuing and transferring intellectual property [5]. - Future efforts should focus on enhancing the compatibility of "policy guidance + market-driven" mechanisms, promoting data connectivity, and improving the intellectual property assessment and trading system [5][6].