Industry needs long money, how can finance adjust the clock?

At the 2026 Financial Street Forum Annual Meeting, the regulatory authorities released policy adjustment signals regarding the adaptation of long-term funds in the technology industry. Chips usually take several years from research and development to mass production, which is mismatched with the short-term return demands of capital. The regulatory authorities plan to establish a full cycle assessment mechanism and improve the issuance, listing, and merger and acquisition systems that are suitable for technology companies. The industry believes that it is necessary to address the pain points of mismatched funding terms and a single exit channel, and to provide financial support for technological innovation that matches its cycle through optimizing risk identification and expanding exit paths.