The 2026 Lujiazui Forum Sci-Tech Finance Conference was held at the Shanghai International Convention Center. This year's event was jointly organized by the Shanghai Financial Association and the Lujiazui Financial City Council.
In his opening remarks, Jin Penghui, Deputy Secretary-General of the Shanghai Municipal Government, stated that in recent years, Shanghai has consistently deepened the development of the pilot zone for sci-tech finance reform, achieving notable progress in promoting the integrated development of its dual centers. He indicated that going forward, Shanghai will further strengthen its sci-tech financial service system, enhance the facilitation of cross-border investment and financing, and deepen the precise alignment and synergy between industry and finance. The goal is to pool resources through openness and pursue development through innovation, continuing to deepen practical cooperation in the field of sci-tech finance.
Guo Wuping, Director of the Policy Research Department at the National Financial Regulatory Administration, outlined in his speech the administration's next steps, which will focus on three key areas to guide the precise flow of financial resources to nurture the fertile ground of scientific and technological innovation.
The first is to leverage the functions of various financial institutions involved in investment, lending, insurance, and leasing to fully support the construction of Shanghai's International Science and Technology Innovation Center and International Financial Center. This involves strengthening the development of policy frameworks, product portfolios, and service systems.
Secondly, efforts will be made to improve the quality and efficiency of technology credit. Banks are encouraged to utilize information such as innovation scores to develop approval models based on technological merit, increase the provision of credit loans, and address financing bottlenecks caused by the light-asset nature of tech and innovation enterprises.
The third area is to enhance the protection offered by technology insurance. This includes advancing the development of the technology insurance innovation pilot zone in the Lingang New Area, leveraging the advantages of the integrated circuit insurance consortium, and supporting insurance companies in focusing on Shanghai's leading industries like artificial intelligence and biomedicine to enrich insurance products and expand coverage.
Cao Yanwen, Deputy Director of the Shanghai Municipal Financial Office, presented the phased achievements in building Shanghai's International Financial Center and the results of implementing cross-border and offshore financial innovations. She systematically explained the 18 measures for cross-border facilitation, the offshore finance pilot system, and two special legislative acts for Pudong. The detailed data and practical policies attracted significant attention from representatives of domestic and international institutions and tech enterprises present, effectively bridging the gap between policy and market entities and tangibly unleashing the benefits of institutional openness.
The conference also featured a ceremony for the collective release of Shanghai's full lifecycle sci-tech financial services for 2026. Kong Qingwei, Executive Vice Chairman of the Shanghai Financial Association, alongside leaders from several financial institutions, unveiled innovative financial services covering the entire lifecycle of tech enterprises, presented in two major segments.
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