CMB President Wang Xiaoqing: Missing Out on Tech Finance Means Missing an Era, Not Just a Business Opportunity

Deep News
Yesterday

On August 31, at CMB's 2026 interim results conference, President Wang Xiaoqing of China Merchants Bank Co.,Ltd. highlighted the urgent need to seize opportunities in technology finance.

Against a backdrop where the state is vigorously promoting scientific innovation and capital market functions are being further strengthened, Wang stressed that any financial institution that misses the wave of tech finance is not merely forfeiting a commercial opportunity—it could be missing an entire era.

He called on all levels of the institution—from the head office to branches and subsidiaries—to jointly tap into internal capabilities, while selectively leveraging external expertise to enhance and elevate industry knowledge and insight. By capitalizing on its systemic licensing advantages, the bank aims to further break down internal bottlenecks, better serve the nation's major technology strategy, and write the great chapter on technology finance.

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