NIE 2025 | Dr. Wang Xin delivers opening remarks at the 2025 Frost & Sullivan New Investment Conference

The following are the key points of Dr. Wang Xin's speech:

Distinguished Chairman Aroop, President Guangshao, Chief Engineer Zhao Bin, Director Wang Yu, President Nian Rui, and President Guohua,

Distinguished leaders, distinguished guests, media friends, and online and offline audiences,

Hello everyone!

Dear Chairman Aroop Zutshi, Chairman Guangshao, Chief Engineer Zhaobin, Director Wang Yu, Chairman Nianrui, Chairman Guohua, distinguished leaders, honored guests, media friends and audiences both online and offline, welcome everyone!

First of all, on behalf of the global board of directors of Frost & Sullivan, I would like to extend my heartfelt gratitude and warm welcome to the leaders and guests from important institutions such as the General Administration of Quality Supervision, Inspection and Quarantine of China, the State Administration for Market Regulation, the China Securities Association, and the China Advertising Association, as well as to the Frost & Sullivan global partners and colleagues who have traveled from afar to China, and to all the friends who have come to the event in person.

First, on behalf of the global board of directors of Frost & Sullivan, I would like to extend special thanks to: The State Administration for Quality Supervision, the State Administration for Market Regulation, the China Association for Public Companies, the China Advertising Association, leaders and guests from other important institutions, as well as our Frost & Sullivan global partners and colleagues who have traveled from afar, and all the friends who came to the scene in person. I once again express my sincere gratitude and warm welcome to all of you for your presence!

Frost & Sullivan is a global growth consulting firm with a history of 70 years. The Frost & Sullivan Summit, which has been held for nearly 30 years, has been successfully organized in China for 19 consecutive years. Over the past 19 years, the summit's themes have closely revolved around three directions: growth, innovation, and leadership. It has added value to corporate development, energized industry innovation, and provided our Frost & Sullivan services to the national and social economic development.

Frost & Sullivan is a global growth consulting firm with nearly 70 years of history. The Frost & Sullivan Global Summit has been held for nearly 30 years and has been continuously held in China for 19 years. Over these 19 years, the themes of the Frost & Sullivan Summit have consistently focused on Growth, Innovation, and Leadership, adding value to enterprises, empowering industries and contributing to the nation's socio-economic development.

Economic growth has always been a long-term theme of human society. According to the latest research findings of the International Monetary Fund for 2023, as the world's second-largest economy, for every one percentage point increase in China's economy, other countries around the world will benefit by an additional 0.3 percentage points; sustained and stable long-term growth of the Chinese economy is one of the major global benefits!

Economic growth is a long-term theme of human society. According to IMF research from 2023, China, as the world's second-largest economy, each 1 percentage point increase in China's economic growth drives an average 0.3 percentage point increase in other countries' economies. China's long-term, sustained and stable economic growth is one of the greatest benefits to the global economy.

As is well known, China has recently launched a "epic" infrastructure project - the Yarlung Zangbo River Hydropower Project - which will cost 1.2 trillion yuan, equivalent to building five more Three Gorges dams. After completion, the annual power generation will reach 300 billion kWh, reducing energy consumption and emissions by 90 million tons of standard coal and lowering carbon dioxide emissions by 300 million tons. This is not only China's confidence in its energy supply but also its responsibility and commitment to fulfilling its dual carbon goals.

As we all know, China has recently launched the construction of another monumental epic growth driver, the Yarlung Zangbo River Hydropower Project. This project will require an investment of 1.2 trillion yuan, equivalent to the combined investment of five Three Gorges Projects. Upon completion, it will generate approximately 300 billion kilowatt-hours annually, reduce standard coal consumption by 90 million tons, and lower carbon dioxide emissions by 300 million tons. This represents not only China's energy foundation for development, but also China's responsible commitment to fulfilling its dual carbon objectives.

Dr. Wang Xin, Global Partner and Chairman of Frost & Sullivan Greater China Region

Neil Wang, Global Partner and Greater China Chairman, Frost & Sullivan

To achieve this major strategic goal, China has carried out years of continuous technological research in several areas, such as transportation infrastructure construction, shield tunneling technology, high-power generator sets technology, UHV power transmission and transformation technology, etc. In these related fields, Frost & Sullivan's global and Chinese companies have conducted annual, extensive, and in-depth research work. Frost & Sullivan has always kept pace with the times, safeguarding national development. Frost & Sullivan not only studies the current growth of the Chinese economy but also focuses on predicting the great future of the Chinese economy. At this conference, Frost & Sullivan will once again update and release the 'White Paper on the Industrial Development Trends of China's Future 50 Years (Fourth Edition)', hoping to offer insights and help everyone better grasp market opportunities and address challenges.

To achieve this major strategic initiative, China is making extensive technological breakthroughs in areas such as transportation infrastructure, tunneling machinery technology, generator unit technology, and ultra-high voltage power transmission and transformation technology. Frost & Sullivan Global and China have conducted years of extensive, in-depth and numerous research in these related fields. Frost & Sullivan has always been in sync with the times, supporting national development. Frost & Sullivan not only studies China's current economic growth but also looks ahead to predict the great future of China. At this conference, Frost & Sullivan will once again update and release the "White Paper on China's Industrial Development Trends for the Next 50 Years (4th Edition)", hoping to better help everyone seize market opportunities and navigate challenges ahead.

Technological innovation requires long-term and substantial capital investment. As Chairman Tu just mentioned, there are many innovative ways in finance, and technological innovation cannot do without investment support and the backing of the capital market.

Technological innovation requires long-term and substantial investment. As Chairman Tu just mentioned, there are many innovative approaches in the field of finance. Technological innovation cannot succeed without investment support and capital market backing.

In the first half of this year, Hong Kong's capital market once again ranked first globally in terms of fundraising. Just now, President Nian Rui mentioned this matter, which once again demonstrates the vitality of our Chinese economy and the resilience, tenacity, and long-term nature of our capital market.

In the first half of this year, Hong Kong's IPO market once again ranked first globally in fundraising. I just heard Chairman Sun Nianrui mention this, demonstrating once again the resilience and vitality of China's economy and the resilience, flexibility and long-term strength of our capital markets.

As an industry advisor for Chinese companies listing in Hong Kong, Frost & Sullivan has served nearly 70% of AI companies, 18C companies, nearly 80% of 'A+H' companies, and nearly 90% of 18A companies that have successfully gone public in the first half of this year. Frost & Sullivan has ranked at the leading position as an IPO industry advisor for 10 consecutive years.

As an industry consultant for Chinese companies listing in Hong Kong, Frost & Sullivan served nearly 70% of AI companies and 18C companies in the first half of this year, served 80% of "A+H" enterprises, and 90% of 18A companies successfully listing in Hong Kong. Frost & Sullivan has maintained its leading position as an IPO industry consultant for ten consecutive years.

Frost & Sullivan not only serves technology startups but also actively embraces and utilizes high technology to innovate and empower the transformation and upgrading of traditional industries. Frost & Sullivan continuously pays attention to high technology, tracking and studying the world's top 50 technologies, publishing numerous globally renowned research reports, and innovatively proposing 'AI+HI'. What is HI? It stands for 'Human Intelligence', which refers to the combination of artificial intelligence and human intelligence; such a combination is considered the most beautiful. Frost & Sullivan not only drives the digital transformation and upgrading of traditional consulting industries, improving quality and efficiency, but also leads knowledge services industries to achieve high-quality sustainable development with a more positive attitude. It empowers various industries, from capital operations to brand globalization, from innovation strategies to industrial upgrading, helping Chinese enterprises stand out in the complex business environment, clearly find clear development paths, and comprehensively enhance their global competitiveness.

Frost & Sullivan not only serves innovative technology companies but also actively embraces and leverages technological innovation to empower the transformation and upgrading of traditional industries. Frost & Sullivan continuously monitors and tracks the world's top 50 technologies, publishes numerous and influential technology vision white papers, and innovatively proposes "AI (Artificial Intelligence) + HI (Human Intelligence)". What is HI? It is human intelligence. The organic integration of artificial intelligence with human intelligence is the most captivating and powerful form of intelligence. Frost & Sullivan not only drives the digital transformation and upgrading of the traditional consulting industry to improve quality and efficiency but also actively leads the knowledge service industry toward a more transparent approach to achieve high-quality, sustainable development. Moreover, it empowers countless industries, from capital operations to brand globalization, from innovation strategy to industrial upgrading. It helps Chinese enterprises stand out in the complex business universe, navigate complexity with clarity, identify clear development paths, and comprehensively enhance their global competitiveness.

Dr. Wang Xin, Global Partner of Frost & Sullivan and Chairman of the Greater China Region

Neil Wang, Global Partner and Greater China Chairman, Frost & Sullivan

The train runs fast, all thanks to the locomotive; the core competitiveness of an enterprise lies in the leadership of its entrepreneurs. At each Frost & Sullivan Summit, the firm invites top entrepreneurs from home and abroad to participate in planning and discussing how to promote entrepreneurial leadership. Frost & Sullivan always believes that Chinese entrepreneurs should: lead innovation and technology, serve the people, contribute to the motherland, and go global.

The speed of a train depends on its engine, just as success depends on strong leadership. The core competitiveness of enterprises lies in the leadership of entrepreneurs. At every Frost & Sullivan Summit, we invite leading entrepreneurs from China and abroad to join us in discussing how to cultivate and promote entrepreneurial leadership. Frost & Sullivan firmly believes that Chinese entrepreneurs should: lead innovation, work for people, serve the motherland, and go global.

Next year marks the 65th anniversary of the establishment of Frost & Sullivan's global company and also a significant occasion for the 20th anniversary of the Frost & Sullivan Summit. We sincerely thank you all for taking the time to attend Frost & Sullivan's upcoming conference next year, both online and offline. Frost & Sullivan will continue to assist Chinese enterprises in their continuous development, enhancing their international competitiveness, and attracting global understanding and investment in China, just as it has always done.

Next year marks the 65th anniversary of Frost & Sullivan's global establishment and also the 20th anniversary of Frost & Sullivan Summit. Once again, I sincerely thank you all and sincerely invite all online and offline leaders, guests and friends to attend the Frost & Sullivan Global Summit next year. Frost & Sullivan remains committed to our mission: empowering Chinese enterprises, to enhance international competitiveness and showcase global understanding and investment in China.

Finally, I wish this conference a complete success! Thank you all!

Finally, I wish the conference complete success! Thank you all!

Dr. Wang Xin, Global Partner and Chairman of Frost & Sullivan Greater China Region

Neil Wang, Global Partner and Greater China Chairman, Frost & Sullivan