At the 2025 Lujiazui Forum, Wu Qing, the chairman of the China Securities Regulatory Commission (CSRC), unveiled a series of initiatives aimed at bolstering technological innovation through enhanced capital market mechanisms. Wu Qing announced that the CSRC will fortify the synergy between stocks and bonds, aiming to provide robust support for technological advancement. Specifically, the CSRC intends to vigorously develop science and technology innovation bonds, refining their issuance and trading systems for greater efficiency. Additionally, the CSRC plans to expedite the launch of Exchange Traded Funds (ETFs) focused on science and technology innovation bonds, while also offering support for financial instruments such as exchangeable bonds and convertible bonds.

Notably, Wu Qing confirmed that the CSRC has approved the registration of China's first two data center Real Estate Investment Trusts (REITs). This milestone underscores the Commission's commitment to facilitating financing avenues for technology enterprises, encouraging the utilization of novel assets like intellectual property and data assets. By doing so, the CSRC aims to further invigorate the asset base within the technological innovation sector, fostering a dynamic and capital-efficient environment for growth.