Tian Xuan, dean of Tsinghua University's National Institute of Financial Research, has called for a transformative approach to funding technological advancement across Asia. In a recent interview with CGTN, the economist emphasized finance's critical role in developing "new quality productive forces" – cutting-edge innovations driving sustainable economic growth.
Three Pillars of Financial Reform
Tian outlined a strategic blueprint focusing on:
Expanding Direct Financing: Reducing reliance on traditional bank loans to support high-risk tech ventures
Cultivating Patient Capital: Encouraging long-term investments in foundational research and development
Optimizing Markets: Creating equitable mechanisms for private enterprises to access growth resources
Implications for Asian Economies
This approach could accelerate innovation ecosystems from Shenzhen's tech hubs to Singapore's biotech corridors. For investors, it signals emerging opportunities in green energy, AI infrastructure, and advanced manufacturing sectors across Asian markets.
The proposals come as the Chinese mainland reports 21% year-on-year growth in venture capital flowing into semiconductor and quantum computing startups, according to recent Ministry of Science and Technology data.
