Jiangsu Governor Liu Xiaotao Meets CICC Chairman, Urges Sovereign Fund Links to Emerging Industries
Jiangsu Governor Liu Xiaotao met CICC Chairman Chen Liang in Nanjing on August 12 to discuss financial services supporting the real economy. Liu outlined the province's drive to develop new quality productive forces and integrate technological with industrial innovation, calling for multi-tiered, specialized financial support. He noted CICC's strengths in connecting global capital and suggested leveraging international resources, including sovereign funds, to serve emerging industries. Chen affirmed CICC's commitment to its Jiangsu operations and pledged to align with national strategy and local industrial needs. No specific projects were disclosed.
On August 12, Jiangsu Governor Liu Xiaotao met with Chen Liang, Chairman of China International Capital Corporation (CICC), in Nanjing, with both sides exchanging views on financial services supporting the real economy. During the meeting, Liu outlined Jiangsu's current economic development trajectory, noting that the province is accelerating the cultivation of new quality productive forces and deepening the integration of technological and industrial innovation, a process that places higher demands on multi-tiered, specialized financial support.
Liu said during the talks that the efficient allocation of financial resources plays a pivotal role in the development of emerging industries, and noted CICC's capabilities in connecting global capital and serving key industries. The meeting touched on the direction of leveraging international resources to serve the local real economy, though no specific projects or cooperation details were disclosed.
In response, Chen said CICC values its business presence in Jiangsu and will, in the future, align with national development strategies and Jiangsu's actual industrial needs, utilizing its domestic and international network resources to support the improvement and enhancement of the local capital market and provide sustained financial services for high-quality regional economic development. The meeting laid a foundation for further working-level communication between the two sides.