Financial Street Forum spotlights tech-savvy high-quality development

Representatives from government departments, financial institutions and technology companies brainstormed tech-savvy high-quality development at the ongoing 2024 Financial Street Forum Annual Meeting in Beijing on Friday.

Guests attending the forum agreed that sci-tech innovation is the most important feature of new productive forces and high-quality development. It is necessary to build a financial system that is compatible with sci-tech innovation, strengthen support for major national sci-tech tasks and tech-savvy small and medium-sized enterprises, and strengthen the ecological interaction between the primary market and the secondary market of sci-tech enterprises.

"A better secondary market for sci-tech companies can provide an exit channel for venture capital and a bottom support guarantee for patient capital. For the secondary stock market, it is very important to attract investors to invest in the field of sci-tech innovation," Huang Zhuo, vice dean of the National School of Development of Peking University, said at the forum.

At the forum, relevant government departments vow to play full guiding role of government investment and focus investment on innovation and core technology.

"We will introduce more reform measures that meet the needs and expectations of sci-tech innovation enterprises, especially tech-savvy SMEs. We will give full play to the role of the government's industrial venture capital guidance fund, and promote the smooth flow of various advantageous production factors to fields of sci-tech innovation and new quality productive forces," said Liu Dongwei, mayor of Xicheng District of Beijing.

Founded in 2012, the Financial Street Forum has been successfully held for 11 years. Seen as the bellwether of China's financial reform and development, it has been upgraded to a state-level and international industry forum since 2020, and become an important platform for the country's opening up and development.

The Beijing Financial Street (BFS), formed in 1993, is dubbed "China's Wall Street" and the "brain" of the country's financial sector.

Financial Street Forum spotlights tech-savvy high-quality development

China is willing to strengthen communication, enhance trust, eliminate interference, and deepen cooperation with Canada to bring bilateral relations forward on a steady and sound track in solid strides under the new circumstances, said Chinese Foreign Minister Wang Yi on Thursday.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Canadian Foreign Minister Anita Anand in Beijing on the day.

Referring to Canadian Prime Minister Mark Carney's visit to China, the first by a Canadian prime minister in eight years, Wang said the trip marks a milestone in bilateral ties and signals a turning point in the relationship.

The leaders of the two countries will hold meetings and talks, which are expected to open up new prospects for bilateral relations, said Wang.

The world today is undergoing profound and complex changes, and the impact of China-Canada relations transcends the bilateral scope, Wang noted.

Wang said that China and Canada have different social systems, stemming from different historical and cultural heritage, and based on the choices of their respective people.

He urged both sides to view each other in a rational and amicable manner with an inclusive mindset, handle issues on the basis of mutual respect, focus on the agenda of cooperation, and send positive messages so as to foster optimism, inject greater confidence into the development of bilateral relations, and jointly build a new type of strategic partnership between China and Canada.

Anand said the new Canadian government attaches great importance to relations with China. She also added that Prime Minister Carney looks forward to engaging in in-depth exchanges with Chinese leaders during the visit to set the course for the development of bilateral relations, resume dialogue in various fields, pursue more mutually beneficial outcomes, enhance coordination and cooperation in multilateral affairs, and further advance the strategic partnership between the two countries.

China ready to work for steady, sound ties with Canada: FM