Industrial foundation is the cornerstone of industrial formation and development. The report of the 20th CPC National Congress pointed out that we will carry out industrial foundation reengineering projects and research projects on major technologies and equipment; support enterprises that use special and sophisticated technologies to produce novel and unique products; and move the manufacturing sector toward higher-end, smarter, and greener production. The implementation of the industrial foundation reengineering project cannot be separated from the support of the key element of modern finance.
Based on the situation of Jiangsu, this paper puts forward the following suggestions on how to strengthen the support of finance for the improvement of industrial foundation's capacity:
1. In terms of financial scale, it should adapt to industrial technological innovation and the needs of the real economy.
2. In terms of the financial format, it should be coupled with the demand for the agglomeration of innovative elements and the industrialization of scientific and technological achievements.
3. Improve the matching service mechanism of industry and finance, and continue to improve the financing environment for industrial foundation reengineering.
4. Increase capital investment in scientific and technological enterprises, and strengthen financial support for key products and key core technologies.
5. Improve the financial system and mechanism of science and technology and improve financial services to promote commercialization of technological research results.
6. Expand diversified financing channels to meet the financial needs of major technical equipment projects.
7. Promote and optimize policy-oriented financial products and strengthen the financial supply for the construction of industrial foundation support system.


