IFF Launches Sci-Tech Finance Committee in Wuhan

The International Finance Forum (IFF) launched its Sci-Tech Finance Committee at the Wuhan Institute of Industrial Innovation and Development (WHIIID), aiming to promote the integration of technology, industry, and finance. The Committee will focus on five platforms: Strategic Dialogue, Exchange and Cooperation, Innovation Practice, Research Think Tank, and Talent Cultivation, with an emphasis on supporting tech innovation and industrial progress. Li Dongrong, former Deputy Governor of the People’s Bank of China, stressed the importance of patient capital for long-term tech development. Experts at a roundtable conference discussed strategies for overcoming financing challenges, including the need for risk-sharing mechanisms and long-term investment models. Wuhan’s government pledged CNY 50 billion to support innovation, signaling its commitment to becoming a national hub for sci-tech finance. The launch marks a key step in Wuhan’s strategy to lead in the global tech-finance sector.