As a major institutional innovation in China’s capital market，Science and Technology Innovation Board not only further improves China’s multi-level capital market system，is conducive to vigorously promoting China’s financial market reform，but also provides a fast financing channel for innovative SMEs，is conducive to achieving structural reform of China’s financial supply side，and realizes the strategic positioning of the real economy of financial services. This report elaborates on the system and rules of the landing of Science and Technology Innovation Board，focusing on ten aspects：issuing mode，pricing mode，callback mechanism，bidding mode，strategic placement and investor threshold. It compares with other A-share sectors and Hong Kong market in depth. Finally，it analyses the important impact of Science and Technology Innovation Board from the perspective of financial market reform and structural reform of financial supply side.