The 2026 Beijing CBD International Finance Forum and CITIC Global Wealth and Investment Conference was successfully held in Beijing on June 17, 2026. The event was organized by the Beijing Municipal Local Financial Supervision and Administration, China CITIC Financial Holdings Limited, and the People's Government of Chaoyang District, Beijing, with CITIC Securities Co., Ltd. and the Development and Reform Commission of Chaoyang District, Beijing, serving as the hosts. Centered on the theme "Wealth Drives Growth, Investment Leads the Future," discussions focused on topics including global investment cooperation, wealth management transformation, long-term asset allocation, and future industrial investment opportunities.
Sun Shuo, Member of the Leading Party Members' Group and Vice Mayor of the Beijing Municipal Government, Zhang Wenwu, Deputy Secretary of the Party Committee, Vice Chairman, and General Manager of CITIC Group, and Wu Xiaojie, Secretary of the Chaoyang District Committee of the Communist Party of China, Beijing, attended and delivered speeches. Attendees also included Zeng Qi, Member of the Party Committee and Deputy General Manager of CITIC Group; Nie Jieying, Deputy Secretary of the Chaoyang District Committee and District Mayor; as well as responsible officials from the National Financial Regulatory Administration Beijing Bureau, the People's Bank of China Beijing Branch, the China Securities Regulatory Commission Beijing Bureau, relevant Beijing municipal departments, and Chaoyang District. Yin Yanlin, a member of the 14th National Committee of the Chinese People's Political Consultative Conference, and Liu Cheng, Party Secretary and Chairman of CITIC Securities Co., Ltd., delivered keynote speeches. Li Yang, former Vice President and Academician of the Chinese Academy of Social Sciences, presided over the meeting. Nearly 400 guests from global financial institutions, technology companies, and research institutions participated.
Keynote Addresses and Strategic Directions
Zhang Wenwu stated that Beijing CBD is the forefront of financial opening in the capital and a crucial platform for global capital to share in China's development opportunities. This event represents a significant opportunity for CITIC Group, in line with its responsibility as a centrally-administered state-owned enterprise based in the locality, to collaborate with Chaoyang District in promoting international exchange and cooperation. As a witness and participant in China's reform and opening-up, CITIC Group has consistently focused on serving the real economy, addressing the diverse investment needs of social wealth, and continuously exploring high-quality development paths for wealth management, evolving into a leading domestic institution in direct financing and comprehensive asset management. Looking ahead, CITIC Group will actively integrate into the overall development of the capital, deepen Sino-foreign economic and trade cooperation, and prioritize three key areas of work: First, better serving the development of the real economy. Centering on the construction of a modern industrial system and the development needs of new quality productive forces, it will expand the "CITIC Equity Investment Alliance Ecosystem" to provide more patient capital for fostering new quality productive forces; and deepen the coordinated mechanism of "equity, loan, bond, and guarantee" to cultivate more leading technology enterprises. Second, better supporting global asset allocation. Leveraging its full license resources and global layout, it will build a diversified, professional, and international wealth management service platform; deepen cooperation with global financial institutions to facilitate the connection of overseas long-term funds with high-quality projects in Beijing, sharing new opportunities in the Chinese market and Beijing's development. Third, better promoting high-quality local development. Utilizing the role of its financial holding platform, it will establish a regularized liaison mechanism with local authorities, shifting the service model towards "financing + intellectual support + industrial integration"; and through a combination of diverse financial tools, achieve coordinated implementation of industrial planning and financial services, creating a comprehensive financial service model with CITIC characteristics.
Wu Xiaojie stated in his speech that Chaoyang District will share opportunities for open development, improve the comprehensive international investment and financing service system, deepen reforms in areas such as cross-border investment, financing, and payment convenience, and support enterprises in expanding their development space while serving the "dual circulation" strategy. The district will jointly explore paths for industry-finance integration, vigorously develop venture capital, cultivate long-term and patient capital, and focus on areas such as the construction of Chaoyang's "Hundred Science and Technology Parks," urban renewal, integrated development of elderly care services and industries, and green and low-carbon transformation, promoting the synergistic development of innovation chains, industrial chains, capital chains, and talent chains. It will jointly build a solid foundation for financial security, improve the modern financial governance system, optimize diversified mechanisms for resolving financial disputes, and provide a stable, orderly, and predictable business environment for various financial institutions to operate and develop with confidence in Chaoyang.
Discussions on Global Wealth Management and Long-Term Asset Allocation
Yin Yanlin, a member of the 14th National Committee of the Chinese People's Political Consultative Conference, stated that anchoring high-quality development requires building a "iron triangle" of technology, industry, and finance. Technological innovation is the driving engine, industrial development is the carrying platform, and financial support is the lifeblood; the three are indispensable and mutually reinforcing. To achieve a virtuous cycle of "technology-industry-finance," six aspects are crucial: first, strengthening the guiding role of national strategic scientific and technological forces; second, promoting the construction of "innovation consortia"; third, deepening supply-side structural reform in finance; fourth, reinforcing the strategic position of talent as a core element; fifth, accelerating the promotion of institutional opening-up; and sixth, focusing on fostering a social consensus that embraces "patience."
Liu Cheng, Party Secretary and Chairman of CITIC Securities Co., Ltd., stated that future industries are the main battlefield in competition among major powers. Securities firms must rely on the coordinated linkage of investment research, investment, investment banking, and investment advisory services: using investment research as the brain, investment as the link, investment banking as the lever, and investment advisory as the extension, forming synergy and achieving a closed loop to effectively serve the development of future industries. CITIC Securities Co., Ltd. empowers future industry development through its "Four Investments Linkage" model, specifically working in four areas: First, deepening research support, shifting from traditional securities research to deep industrial insight. In May this year, the CITIC Securities Future Industry and Policy Research Institute was officially established, focusing on emerging and future industries to build a "resource integration" high-end think tank. Second, solidifying the investment link, shifting from short-term arbitrage to patient capital. Third, strengthening investment banking traction, serving future industry enterprises through investment banking. Fourth, optimizing the wealth management foothold, shifting from exclusive institutional services to public-private linkage and inclusive sharing. The essence of the Four Investments Linkage lies in adapting to the financial needs of technology innovation enterprises at different stages from startup to growth, thereby connecting the internal business value chain cycle within the securities firm.
Daryl Stewart, Global Head of Asset Solutions, Financial Markets at Munich Re Group, shared the strategic value of insurance capital in the new economy and long-term asset allocation. He used the classic fable of "two wolves" to personify the core contradiction of the life insurance industry as two opposing demands. Currently, private credit is a key risk focus for the insurance industry in Europe and America. The biggest challenge for insurance capital is balancing long-term investment development with fair value accounting regulations. In response, IFRS and various national regulators have introduced mechanisms such as the liquidity premium and matching adjustment to attempt to reconcile this contradiction. The ultimate direction of the industry's development depends on the value choices of the entire industry and regulators.
Boris Moutié, Chief Investment Officer for Asia at AXA Group, believes investment is a catalyst for global growth. Current market conditions involve higher interest rates and inflation, persistent volatility, and changes in fiscal policy, with artificial intelligence becoming a key driver for the economy and markets. AI deployment presents investment opportunities such as data centers and energy infrastructure, but also accompanies risks like business model disruption, overcapacity, and existential threats.
Creating a Capital Demonstration Benchmark and Introducing Services for Tech Entrepreneurs
To thoroughly implement the requirements for building a financial powerhouse, leverage the agglomeration advantages of Chaoyang District's financial sector, and focus on creating a front line for serving the real economy, preventing financial risks, and deepening financial reform, the Chaoyang District Government, in conjunction with CITIC Financial Holdings and several financial institutions, issued an initiative. They pledged to work together with one heart, take proactive responsibility, and collaborate closely to jointly promote Chaoyang District's efforts to build a capital demonstration benchmark for the "Five Major Areas of Finance," continuously accumulating strong momentum and contributing financial strength to the high-quality development of the capital's financial industry.
The event showcased the exclusive service functions of "CITIC Entrepreneur Office - Technology Entrepreneurs." Upholding the concept of "One CITIC, One Client," it targets six major future industries, focusing on technology entrepreneur groups such as national-level "little giant" specialized and sophisticated enterprises and manufacturing champions. It provides a one-stop comprehensive financial service ecosystem, achieving "single-point access for needs, comprehensive response for services," empowering the high-quality development of technology-based enterprises.
Ma Yin, Founder of Boson Quantum, shared the exploration and application of quantum computing in the financial sector. In financial scenarios, quantum computing efficiently screens features by constructing QUBO models, significantly improving the accuracy and generalization ability of credit scoring models. Asset portfolio allocation based on quantum computing can effectively diversify potential risks.
Exploring Future Industry Investment Opportunities
During a roundtable dialogue session, participants including Shen Yi, Chief Operating Officer of China Reform Fund Management Co., Ltd.; Su Zhiqiang, Managing Director of Beijing Shunxi Private Equity Fund; Wan Long, General Manager of Aerospace New Power; and Zeng Fanyou, Co-founder and Vice President of Tashan Technology, discussed the theme "Future Industry Investment Opportunities." They delved into topics such as trends in technological innovation and new quality productive forces, capital empowerment for future industries, new spaces for industry-finance integration, and new investment tracks in future industries. The discussions aimed to help facilitate a virtuous cycle of "technology-industry-finance" and better cultivate and develop future industries. Wu Chaoge, Member of the Executive Committee of CITIC Securities Co., Ltd., Dean of the Future Industry and Policy Research Institute, and CITIC Think Tank Expert, moderated the roundtable exchange.
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