Innovation needs fuel, and according to Tian Xuan, Dean of the National Institute of Financial Research at Tsinghua University, finance is that fuel! In a recent interview with CGTN, Tian outlined how a smarter finance system can supercharge new productive forces, especially in sci-tech. Think of it as giving start-ups and private enterprises the boost they need: more direct financing, patient capital, and market tweaks that really work. 🌟
So what's the game plan? First up, expand direct financing: go beyond bank loans and greenlight more bonds, equity investments, and venture capital that flow straight to innovators. 🚀 Second, cultivate patient capital — investors who play the long game, ready to back research and development projects that take time to bloom. Finally, fine-tune market mechanisms: improve regulations, boost transparency, and make it easier for private businesses to get the support they deserve.
Why does this matter to you? If you're a budding entrepreneur in the Chinese mainland or anywhere else, these changes could open doors for funding your next big idea. And for investors and market-watchers, it means fresh opportunities in sectors like biotech, AI, and green tech — areas primed to shape our future. 🔍💡
In short, finance isn't just about numbers; it's about empowering the innovators who will drive tomorrow's breakthroughs. And with voices like Tian Xuan championing new quality productive forces, the horizon looks brighter than ever. ✨
Reference(s):
cgtn.com
