China has been carrying out reform of its science and technology system since 1985, and has made certain achievements, but has also encountered many problems that need to be studied urgently. Taking into account China''''''''''''''''s goal of building a moderately prosperous society in all aspects and its choice of developing a new type of industrialization, and with reference to the experience of international advanced science and technology systems and policies, Prof. Xue Lan has led his research team to do a lot of work on building China''''''''''''''''s national innovation system and improving its competitiveness in science and technology, and has achieved fruitful results. In this issue of the newsletter, we have summarized some of the views and policy recommendations of Professor Xue Lan and his research team on the financial system of science and technology for the reference of experts and scholars.