Shanghai: Encourage public funds, bank wealth management and other asset management institutions to set up more science and technology innovation-themed ETF funds, science and technology innovation wealth management products, etc.

The Office of the Financial Commission of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission, and other departments issued the "Several Measures to Fully Utilize the Direct Financing Function of Shanghai and Further Strengthen Science and Technology Financial Services", which proposes optimizing the investment relay between primary and secondary markets. It also focuses on nurturing key hard technology enterprises on the Science and Technology Innovation Board, coordinating communication for overseas listings, and pushing for enterprise information on the Growth Enterprise Market. The city and district will work together to provide compliance guidance for enterprises and support key technology enterprises in Shanghai to connect with domestic and foreign capital markets. Additionally, it will optimize the listing guidance system for technology enterprises, integrate intermediary resources, and provide precise capital market training and connection services. Support will be provided for the establishment of cornerstone investment funds and facilitate cross-border investment by providing auditing and approval for foreign exchange. Encouragement will be given for public funds, bank wealth management institutions, and other asset management institutions to establish more Science and Technology-themed ETF funds and Science and Technology wealth management products to cultivate the strength of technology investment in the secondary market.