Zhang Wenwu, of CITIC Group: Precision support for science and technology enterprises in the four stages of development, matching differentiated financial products.

On June 18, Zhang Wenwu, Vice Chairman and General Manager of China CITIC Group Limited, stated at the 2026 Lujiazui Forum that there are currently two prominent issues in technology finance: the structural problem of funds, with a prominent contradiction between direct financing and indirect financing; and the stage-specific funding supply problem for innovative and technological enterprises, mainly in their start-up, seed, and growth phases. In response to these four stages of enterprise development, CITIC Group is matching differentiated financial products to achieve precise business positioning.