Capital is more patient, innovative and confident (Financial Perspective)

By providing long-term and sustainable financial support for technological innovation, modernizing traditional businesses, and cultivating new businesses, Patient Capital promotes the creation of a virtuous circle among technology, business and finance.

Recently, the “Shenzhen Venture Capital Day” Patient Capital Special Session was successfully held in Nanshan District, Shenzhen, Guangdong. This event focused on the signing ceremony of 9 financial investment cooperation funds of financial fund investment companies and 1 insurance cooperation fund The total amount of cooperation reached 55 billion yuan projects that meet the requirements It is a high technology enterprise -it is a standard driven by national policies, mastering key technologies and having an exceptional business position.

The CPC Central Committee Political Bureau meeting held on April 30 emphasized the need to actively develop enterprise capital and strengthen patient capital. The concept of “patient capital” has attracted a lot of attention from all parties. “Several Opinions of the State Council on Strengthening Supervision and Prevention of Risks to Promote the High-Quality Development of Capital Markets” proposes to establish a market ecosystem that cultivates long-term investment, developing the basic system to change to a long-term investment, and build it. a policy system that supports “long-term money and long-term investment”; “… All regions and departments actively take steps to cultivate and strengthen patient capital and direct more financial resources to focus on new productive forces.

The more we promote high quality development, the more we need to cultivate and strengthen patient capital. Patient Capital focuses on long-term investment and value investment, and its characteristics are mainly reflected in long-term value investment, and stability. Scientific and technological innovation is a key element in developing new productive forces. There is also uncertainty about the results of innovation in original and disruptive scientific and technological innovation activities and it is not easy to produce an immediate return on investment. Patient Capital not only takes into account the company’s short-term profitability status, but also evaluates the company’s technological innovation capabilities, key advantages, business models and other non-financial indicators. and the ability to develop sustainable financial support for investment projects and is willing to join the growth of the company. To accelerate the cultivation and development of new productive forces, patient capital will play an important role.

Cultivating and strengthening patient capital requires coordinated efforts from government, investment institutions and other parties. Relevant departments should start from the aspects of system building and investor protection to create a comprehensive support system to attract more medium and long-term funds to enter the capital market Specific measures include including the development of decisions, assessment, fault tolerance, and exit mechanisms, and more efforts to protect investors’ legitimate rights and interests, significantly breaking down financial fraud, market manipulation and other illegal activities, etc. Institutional investors are the “ballast” of the capital market. , and to persistently pursue innovation and entrepreneurship, mate.

By providing long-term and sustainable financial support for technological innovation, modernizing traditional businesses, and cultivating new businesses, Patient Capital promotes the creation of a virtuous circle among technology, business and finance. Not only does this cycle encourage the development of new productive forces, but it also brings sustainable and long-term returns to the patient’s own capital. Whether it is cultivating and strengthening patient capital or fostering new productive forces, this principle is demonstrated: we must have a positive vision and strategic decision, without fear about risks and challenges, wanting to do the right things, and getting beneficial results. from long-term investment and stability.

Capital is more patient and innovative with more confidence. Recently, the market has welcomed the CSI A500 exchange-traded open index fund, which pays more attention to businesses with high growth and long-term investment potential, after the pilot expansion, many cities has cooperated with financial fund investment companies to establish equity investment funds, and some funds are already working. Patient capital is an important supporting force for technological innovation.

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