Wuhan, capital city of Central China's Hubei province, officially confirmed its goal of becoming a regional financial center when it issued the Wuhan City Implementation Plan for Building a Regional Financial Center (2021-2025) on May 25, according to local media reports.
Wuhan is to provide all-round support to regional financial headquarters, and reward newly-established and relocated equity investment companies.
The city will integrate sources and systems and establish the Wuhan Industrial Investment Fund, highlighting the city's industrial integration.
It is to develop technological financial institutions focused on technological venture capital and equity investment, make every effort to promote the seamless connection between financial institutions and technological innovation, and cultivate unicorn enterprises and high-tech products in order to create a technological financial highland.
In addition, the city is to promote the establishment of a comprehensive service platform for Wuhan's green and low-carbon industries, and initiate the establishment of Wuhan Carbon Peak Fund and its Green and Low-Carbon Industry Guidance Fund.
Wuhan will actively strive to deliver a digital RMB pilot program and explore the application of new technologies such as artificial intelligence, big data, cloud computing, blockchain, and the internet of things in the financial field.
