Zhang Hui, Vice Chairman and President of Bank of China: There are still pain points in financial technology that need to be solved, and relay-type comprehensive financial services should be provided.

On June 19, 2025, at the 2025 Lujiazui Forum "Plenary Session 5: Financial Support for the Development of New Productive Forces", Zhang Hui, Vice Chairman and President of China Bank, said that in order to do a good job in the field of science and technology finance, many problems still need to be addressed. First, scientific and technological achievements need to be industrialized from the laboratory, from 0 to 1, from 1 to N, there is great uncertainty in between, but finance often pursues expected certainty, and expected differences can easily lead to misallocation of financial resources. Second, traditional financial logic focuses more on cash flow, financial indicators, while the core value of technology companies is technology, which imposes higher requirements on financial institutions for value assessment. Third, the full chain of industrialization of science and technology innovation has comprehensive demands on finance, but financial institutions often provide financial products and services with singular characteristics. In Zhang Hui's view, the key to solving these problems is to accelerate the establishment of a technological finance ecosystem and provide relay-style comprehensive financial services.