Building a Multi-Level Technological and Financial Ecosystem to Empower New-Quality Productivity Leapfrogging

Tian Xuan (Dean of the National Financial Research Institute, Tsinghua University and Vice Dean of the Tsinghua University's Five Door Financial College)

In a world where global technological competition is intensifying and China's economic transformation is upgrading, the "15th Five-Year" Plan bears the historical mission of cultivating new-quality productivity and driving high-quality development. As the first and core component of the country's financial strength, the technological and financial ecosystem has become a crucial part of the national strategy.

Currently, China's technological and financial sector has made significant progress in terms of policy support, institutional innovation, and market cultivation. However, there are still deep-seated challenges on the levels of system coordination, tool adaptation, and capital ecology.

This article is based on the current state of technological and financial development and explores the path for building a multi-level technological and financial ecosystem to support China's accelerated implementation of technological self-reliance and industry upgrading during the "15th Five-Year" period.