Publications
Cutting-edge research on China's financial markets, asset pricing, and risk management from the CEIBS-APS Centre.
What does China’s latest Two Sessions meeting reveal about the country’s long-term economic strategy—and what does it mean for global investors? In this video, CEIBS Wang Renxuan, Assistant Professor of Finance and Director of the CEIBS-APS Centre for Financial Markets at CEIBS, explains the significance of the launch of China’s 15th Five-Year Plan, the newest phase of a policy framework that has guided China’s development for more than seven decades. Drawing on his own research, he explains how China’s capital markets play a critical role in directing financial resources toward national strategic priorities. Recent policy announcements confirm this approach, including: 1. Fast-track IPO channels for strategic technology firms 2. Capital market reforms to increase equity financing 3. Stronger alignment between policy, capital, and technological development For international business leaders and investors, understanding China’s policy framework—particularly the Five-Year Plan system—is essential to identifying where capital, talent, and government support will flow next.