On April 13, the International Financial Forum (IFF) and the Wuhan Industrial Innovation Development Research Institute (referred to as “Wuhan Institute”) jointly held the launch conference of the IFF Technology Finance Committee and the first Technology Finance Roundtable Meeting in Wuhan, Hubei Province. This event brought together representatives from various sectors, including government, enterprises, academia, research institutions, and finance, to discuss the deep integration of technology and finance. The aim was to explore new momentum for high-quality economic development amid increasing global economic fragmentation and geopolitical uncertainties.
In his speech, Chen Shiyi, Chief Scientist at the Intelligent Industrial Software Research Institute of the Wuhan Institute, highlighted that artificial intelligence (AI) is profoundly transforming the development model of traditional industries. He noted that the deep integration of AI and industrial software is reshaping competitive landscapes across various sectors, from energy to healthcare. There is a need to focus on the innovative convergence of emerging technologies and traditional industries to empower businesses with AI.
During the event, Zhou Yanli, Vice Chairman of the IFF, and Meng Hui, Vice Mayor of Wuhan and Executive Vice Chairman of the Wuhan Institute, jointly unveiled the IFF Technology Finance Committee, officially marking its establishment. This committee aims to build a high-end platform for the deep integration of technology and finance, gathering various resources, optimizing resource allocation, promoting the commercialization of technological innovations, and supporting the financing and development of technology-driven enterprises.
On the same day, the Wuhan Institute announced the launch of the Hong Kong Sci-Tech Innovation Hive. As a comprehensive platform for technology incubation, capital circulation, and talent collaboration under the IFF Technology Finance Committee, the Hive aims to assist technology companies in expanding internationally and provide important channels for local innovative enterprises to “go global” and attract international innovation resources, thereby accelerating the internationalization of Wuhan’s tech innovation.
Following the unveiling ceremony, a roundtable meeting focused on “High-Quality Development of Technology Finance: Opportunities and Challenges” took place. Industry experts engaged in in-depth discussions on topics such as the role of venture capital in technological innovation, challenges in financing for tech enterprises, and the demand for technology transfer from universities and research institutes.
Representatives at the conference acknowledged that the global economy currently faces severe challenges, including increasing tariff barriers, the rise of protectionism, and an upward trend in “decoupling.” In this context, China is firmly advancing high-quality development through deepening the integration of technology and finance. This approach not only meets China’s own developmental needs but also provides valuable certainty for the global economic recovery.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/international-financial-forum-launches-technology-finance-committee-in-wuhan-to-drive-high-quality-economic-development/
