Chairman of the China Securities Regulatory Commission, Wu Qing: Whether it is a large and powerful technology giant or a small and beautiful technology innovation, they all cannot do without the support of the capital market.

On June 18, Wu Qing, Chairman of the China Securities Regulatory Commission, said at the 2025 Lujiazui Forum that the current funding mechanism that adapts to the laws of innovation is still not perfect, long-term and patient capital is far from sufficient, and the incentive restraint mechanism for innovation is not perfect enough. The capital market has great potential. The capital market has a unique incentive restraint mechanism of risk sharing and benefit sharing, and at the same time, it can price key elements, stimulate entrepreneurial spirit and innovation vitality of talents. Whether it is a large and strong technology giant or a small and beautiful science and technology innovation talent, they cannot do without the support of the capital market.