The current investment paradigm has undergone tremendous changes. The first is the shift in investment tracks, which have moved from being highly activeIn the TMT industry, there has been a migration towards hard technology, new energy, biomedicine, and other fields of technological innovation. Secondly, there has been a change in capital ownership. In the Sino-US technology competition, foreign investment in Chinese startup markets is decreasing, and RMB funds have replaced US dollar funds as the mainstream investment fund.
Technological innovation is the main battlefield of competition among major powers and also the primary track for investment in the primary market. To promote entrepreneurship and innovative development, state-ownedThe proportion of LP capital contributions is gradually increasing, far exceeding that of market-oriented LPs. This is a new investment environment at present.
On the afternoon of September 27, 2023, Frost & Sullivan (Frost &The second New Investment Expo & the 17th Frost & Sullivan Global Growth, Innovation and Leadership Summit (referred to as 'Frost & Sullivan New Investment Conference') - New Investment Sub-forum was grandly held at the Shangri-La Hotel in Pudong, Shanghai. This forum was co-hosted by Frost & Sullivan, Titanium Media, YUAN CAPITAL, and LeadLeo.
Keynote Speech
Chairman and Founding Partner of Xingfu Capital Wang Tingfu
Wang Tingfu with"Tech Startup Journey: From 0.1 to 1, and Then from 1 to N" was the topic of his speech, sharing his experience in venture capital investment in the new investment environment. He believes that we are currently in the golden age of tech startups, with tech startup products falling into three categories: imitation, improvement, and innovation, each targeting different market segments and development paths. Finally, he provided5 suggestions for tech startups: 1) One must have the determination to go all in, in order to overcome uncertainties and difficulties on the entrepreneurial path. It is difficult to succeed by taking on part-time jobs or keeping options open;2) It is necessary to introduce capable partners and relevant talent teams to complement each other's strengths and bridge capability gaps;3) It is necessary to establish a clear and comprehensive interest distribution mechanism and implement equity incentive systems at appropriate times;4) To transform mindset, comply with business rules, and realize customer value can drive the development of the company's business;5) It should be done in accordance with scientific methods, starting from0.1–1, then from 1–N.
Chairman and General Manager of Huaxi Biology Zhao Yan
Zhao Yan withShe delivered a speech titled 'Technological Innovation, Remolding Earth's Resources', stating that Huaxi Biotechnology focuses on basic research and applied basic research. Science and technology are the underlying support, and it relies on them to create competitive products. Building a brand requires long-term dedication and persistent investment to shape brand power. Only by doing so can an enterprise achieve continuous development. For an enterprise to achieve long-term sustainable development, it must possess two capabilities: continuous innovation and sustained operational profitability. These are the keys to determining the healthy and sustainable development of an enterprise. For this reason, Huaxi Biology willESG strategy is integrated into the process of enterprise development and production operations.
President of Frost & Sullivan Israel Dr. Dillan
Dr. DillanHe delivered a speech titled "Investment Models in Drug Development," starting with an oft-quoted quote from Adam Smith: "AllMoney is a matter of"belief," followed by a detailed discussion on behavioral economics, behavioral guidelines, and the activity of investors in the capital market, such as the December Effect, Monday Effect, etc. He stated that good news is not always a positive signal; major events are often accompanied by sharp declines. The latter is particularly puzzling, as it goes against the laws of nature, in theseIn investments that 'go unnoticed', investors can be psychologically affected.
Chairman of Qianshan Capital Wang Cheng
Wang ChengyiHe delivered a speech titled 'Opportunities and Challenges of Hard Technology Investment', stating that hard technology is an inevitable trend in historical development. Whenever a new technological revolution emerges, it may lead to economic recovery and prosperity. Over time, as these technologies mature and become increasingly widespread, economic growth gradually slows down, eventually entering a recession and depression phase. Then, new technological innovations appear, restarting this cycle. When we examine the opportunities and challenges of hard technology investment, we find that this field is full of infinite potential and exciting prospects. Hard technology not only has great potential in technological innovation but also has a profound impact on society, economy, and environment. However, the challenges that come with it cannot be ignored; these challenges require wise strategies, firm determination, and innovative thinking to overcome.
Partner and Managing Director of Frost & Sullivan Greater China Region Zhang Jian
Zhang Jian, at the forum site, released the research findings of Frost & SullivanThe 'White Paper on the Financing Development and Outlook of Chinese Consumer Enterprises in 2023', along with an interpretation of the white paper, was officially released by Frost & Sullivan in collaboration with LeadLeo Research Institute. Analyze the overall financing development background of Chinese enterprises from four perspectives: policy, economy, society, and technology. Then conduct an in-depth study on the current financing situation and pain points of consumer enterprises. Compare and analyze the main financing methods and exchanges. Focus on issues such as the difficulty and high cost of financing for small and micro consumer enterprises. On this basis, study the income-sharing model and the important role played by DiaoGongTongAozhao in solving the financing pain points of Chinese consumer enterprises, and use this insight to understand how technological innovation empowers the development of the capital market.
Dean of LeadLeo Shenzhen Research Institute Li Zheng
Li Zheng released it at the forumThe '2023 China PE/VC Fund Industry CFO White Paper' uses a questionnaire combined with interviews to survey over 130 current CFOs from mainstream Chinese PE/VC institutions between July and September 2023. It provides statistics on the current development status of fund 'raising, investment, management, and exit' at the institutions where CFOs work, and sorts out the views and insights of each CFO on current trends in digital transformation and business internationalization. Then, he revealed The 2023 CFO List of Chinese PE/VC Institutions is compiled by the LeadLeo Research Institute and Frost & Sullivan based on comprehensive or specialized scores across five dimensions: 'CFO Personal Resume', 'CFO Institution Business Situation', 'CFO Financial Digitalization Capability', 'CFO Project Exit Capability', and 'CFO Business Internationalization Capability'.
2023 CFO List of PE/VC Institutions in China
Zhang Jiang, Partner and Managing Director of Frost & Sullivan Greater China, and Chen Qingpeng, Deputy General Manager of YUAN CAPITAL, presented awards to the listees and took group photos.
01Best CFO of PE/VC Firms in 2023
Zhang Jianjun and Chen Qingpeng presented awards to the nominees
022023 PE/VC Institutions CFO Special Contribution Award
Zhang Jianjun and Chen Qingpeng presented awards to the nominees
032023 PE/VC Firm CFO Digital Competence Award
042023 Rising Stars in Finance/Law for PE/VC Firms
Zhang Jianjun and Chen Qingpeng presented awards to the nominees
05The Most Popular Third-Party Due Diligence in 2023
062023 PE/VC Firm CFOs' Best Exit Practice Award
*Rankings are not in any particular order.
Roundtable Dialogue
Roundtable discussion· China's equity market venture capital new ecosystem
New Investment Sub-forumA roundtable dialogue on 'The New Venture Capital Ecosystem in China's Equity Market' was launched. The moderator for this roundtable was Chen Qingpeng, Deputy General Manager of YUAN CAPITAL, with Qin Da from the Fund Management Office of the Suzhou Industrial Park Guidance Fund participating. Zhang Wei, Partner of Baojiang Capital Management Xiao Xia, Vice President of Investment at Great Wall Capital and Head of Research Department; Yao Jiaqian, Partner at Zhongxinghua Certified Public Accountants Participate in the discussion as a guest.
Guo Hongbin, a senior venture capital reporter at Titanium Media and the host of this new investment sub-forum, discussed with the guests and investors"New investments".
The New Investment Sub-forum successfully concluded amidst wonderful presentations and a collision of ideas.
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