Wu Qing, chairman of China Securities Regulatory Commission (CSRC), speaks at the Lujiazui Forum in Shanghai, on June 17, 2026. [Photo/VCG]
China’s securities regulator unveiled the nation’s first five “Tech-Finance Practice Models” in the capital market at the 2026 Lujiazui Forum in Shanghai on Wednesday.
These pioneering pilots encompass the Pudong district of Shanghai, the Haidian district of Beijing, Shenzhen in South China’s Guangdong province, Suzhou in East China’s Jiangsu province, and Hangzhou in East China’s Zhejiang province.
Endorsed by the China Securities Regulatory Commission, this initiative seeks to bolster the capital market’s capacity to drive high-quality economic development, Wu Qing, the commission’s chairman, said. The unveiling underscores China’s commitment to leveraging its capital markets as engines for innovation and growth.
In a swift response to the announcement, Shenzhen has positioned itself as a vanguard in this transformative endeavor. According to sources from the Financial Industry Development and Service Office of the Shenzhen People’s Government, the city plans to capitalize on these pilot opportunities to enhance its status as a leading hub for financial and technological innovation.
Shenzhen’s strategic focus will encompass five key areas: cultivating a robust pipeline of prospective listed companies with industry-specific excellence, enhancing services for overseas listings, facilitating mergers and acquisitions to create industrial leaders, supporting patient capital for technological innovation, and maintaining robust financial risk defenses, as reported by the China Securities Journal.
The city has already set national benchmarks through several pioneering cases. Notably, Leju Robot became the first company to apply under the fourth set of listing standards on the ChiNext board. Additionally, DapuStor made history as the first company approved to go public without having recorded profits, achieving an impressive market value exceeding 290 billion yuan ($42.9 billion).
Moreover, Shenzhen has established a comprehensive, multi-tiered financing system that integrates stocks, bonds, public Real Estate Investment Trusts, and regional equity markets. This system is designed to effectively meet the full lifecycle needs of tech innovation enterprises, providing them with the financial tools necessary to thrive and expand.
In 2025, Shenzhen’s financial industry demonstrated impressive growth, achieving an added value of about 526 billion yuan, leading the growth rate among large and medium-sized cities across the nation.
Official figures highlight that Shenzhen’s securities companies topped the country in both revenue and profit, while public funds and futures companies secured the second spot in revenue. Additionally, the city’s total wealth management scale surpassed an astounding 31 trillion yuan.
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