The measures for the Management of funds for Local Science and Technology Development guided by the Central Government of Shanghai has been issued as a pilot to explore the models of "contracted work system", "unveiling the list" and so on.

Xinhua News Agency, May 17, Shanghai Science and Technology Commission and others issued the measures for the Management of funds for Local Science and Technology Development guided by the Shanghai Central Government, guiding funds to be supported by means of direct subsidies in advance or subsidies afterwards, and tried to explore various management modes such as "contracted work system" and "listing". Funds supporting free exploration basic research, the construction of scientific and technological innovation bases and the construction of regional innovation systems can be invested in a variety of ways, such as direct subsidies, post-subsidies, awards instead of subsidies, and so on. Financial input methods such as risk compensation, post-subsidy and venture capital guidance may be adopted to support the transfer and transformation of scientific and technological achievements.