The China Securities Supervision Commission issued the "Implementation Opinions on the" Five Great Articles "on Doing a Good Job in Finance in the Capital Markets". Increase the support of the multi-level bond market for scientific and technological innovation. Promote the high-quality development of bonds of scientific and technological innovation companies, optimize the issuance and registration process, encourage relevant institutions to provide credit enhancement support for the issuance of bonds by technology-based enterprises in accordance with the principles of marketization and rule of law, and explore the development of more science and technology innovation-themed bonds. Include high-quality enterprise science and technology innovation bonds in benchmark market-making varieties, and increase policy support for the discount factor of exchange-pledged repurchase. Explore the securitization of intellectual property assets Support the issuance of real estate investment trusts (REITs) for new infrastructure projects such as artificial intelligence, data centers, smart cities, and science and technology innovation industrial parks, promote the revitalization of existing assets, and support the digital transformation of traditional infrastructure.