On November 13, at the 16th Caixin Summit, Wang Zhiheng, President of Agricultural Bank of China (ABC), stated that finance must drive innovation in serving the modernization of industrial systems, leveraging it as a critical tool for adjusting asset structures and improving asset quality. ABC has identified strategic industries, future-oriented sectors, and advanced manufacturing as key service areas, aligning with national and regional industrial development plans. The bank has mapped over 30 strategic, key, and advantaged industries, implementing tailored credit policies and adopting a "one-size-does-not-fit-all" approach to engagement.

Wang highlighted that the primary challenges in tech financial services are evident at two levels: first, cutting-edge domains represented by "chokepoint" core technologies, and second, the vast number of tech-driven SMEs that struggle under traditional credit models.

For high-tech sectors, ABC is actively integrating into the national innovation system, supporting strategic scientific initiatives and bolstering entities undertaking major national R&D missions. The bank is intensifying efforts to fund breakthroughs in foundational innovation (0→1) and core technologies while aiding market expansion (1→100) in critical fields like integrated circuits and aerospace.

Regarding tech SMEs, ABC addresses their asset-light nature and valuation difficulties by innovating credit assessment models tailored to different lifecycle stages—startup, growth, and maturity—focusing on technical potential and scalability. Currently, unsecured loans account for over 50% of ABC’s tech-sector lending portfolio.