This study first provides an overview of the development of a novel tube anchor system for the seismic strengthening or repair of reinforced concrete (RC) shear walls with carbon fibre-reinforced polymer (CFRP) sheets. The new anchor system can significantly improve the load transfer mechanism between the CFRP and supporting RC structural elements, resulting in ductile behaviour of the strengthened shear walls with increases of lateral load capacity and ductility by up to 2.6 and 8.3 times, respectively. The study then presents a new finite element modelling technique capable of capturing the complete cyclic response, i.e., from the elastic behaviour to the ultimate collapse of CFRP-strengthened RC shear walls with the newly developed tube anchor system. Two different modelling approaches are proposed to consider the effects of the tube anchor system. Additionally, other important CFRP- and RC-related mechanisms, including CFRP debonding effects, confinement enhancement, tension stiffening, compression softening, and strength and stiffness degradation under cyclic loads, are also considered in the model. By comparing the analytical and experimental results, it is demonstrated that the proposed modelling approach can accurately replicate the complex behaviour of CFRP-strengthened shear walls with a wide range of aspect ratios, from the ductile flexural behaviour of slender walls to the brittle shear failure of squat walls, without requiring detailed modelling of the anchor system.