The China Wealth Management 50 Forum 2024 Annual Conference (the 11th session) officially opened today in Peking, with Liu Jiwei, Chairman of the Global Wealth Management Forum and former Minister of Finance, attending and delivering a keynote speech. When discussing support for Technology-driven innovation, Liu Jiwei pointed out that commercial banks need to issue a greater proportion of medium to long-term loans to support enterprises in technological transformation. However, during an economic downturn, credit risk rises, and at this time, policy tools are needed to support commercial banks' lending. "For a long time, over 70% of technological innovation in our country has come from private enterprises, but commercial banks charge a higher risk premium for loans to private enterprises. One important reason is that once a risk occurs, there will be stricter accountability, which is a systemic principle. To truly achieve this, the government accountability agency and commercial banks must treat State-owned Enterprises and Private Enterprises equally," said Liu Jiwei. (Financial Frontline)