Industrial and Commercial Bank of China's Liu Jun: Reconstruct financial products and services with a technological mindset.

On June 18, at the 2026 Lujiazui Forum's "Fifth Plenary Session: Building a Comprehensive Technology Financial Service System to Serve the High-Quality Development of the Real Economy," Liu Jun, Vice Chairman and President of Industrial and Commercial Bank of China (ICBC), stated that the current economy is undergoing four extreme changes: first, the extreme efficiency of resource allocation. While the scale of global cutting-edge technology companies is expanding as never before, their ability to acquire, allocate, and integrate resources is also increasing at a geometric rate. Second, the extreme speed of corporate growth. Particularly, cutting-edge technology companies exhibit strong economies of scale in the early stages. Once they surpass the threshold of computing power, they can quickly rise to become so-called unicorns, decacorns, or hectocorns, or they may be quickly eliminated from the market. Third, the extreme interaction between market supply and demand. Fourth, the extreme combination of talent supply. Liu Jun stated that next, around technology finance, ICBC will further work in three areas: firstly, to use technological thinking to reconstruct financial products and services, including processes, product combinations, and delivery methods, all of which must be reshaped with new technologies; secondly, to promote the transformation from the logic of temporal discounting to the logic of technical options; thirdly, to build an interactive financial platform.