Tu Guangshao: Technological capital with capabilities is the most scarce.

On June 18, Tu Guangshao, Chairman of the Board of Directors of the Shanghai New Financial Research Institute and former Chairman of the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, stated at the 2026 Lujiazui Forum: "China is not lacking in funds, but in capital, and more importantly, in technology capital, especially in capable technology capital. What is capable? You not only need to invest in technology, but also understand technology, and most importantly, empower technology innovation."