On September 27, 2023, the second New Investment Expo and the 17th Frost & Sullivan Global Growth, Innovation and Leadership Summit (referred to as the 'Frost & Sullivan New Investment Conference' or 'Conference') opened grandly at the Shangri-La Hotel in Pudong, Shanghai. Dr. Wang Xin, Global Partner and Chairman of Greater China at Frost & Sullivan, attended the opening ceremony and plenary session and delivered a welcome speech.
The full text of Dr. Wang Xin's speech is as follows:
Dear Chairman Aroop, President Yan Jianjun, Chairman Zhao Yan, Chairman Yang Guoping, Dr. Liu Jun, and Chairman Wang Changliang, leaders, guests, media friends, and online viewers, good day!
First of all, on behalf of the event organizers, Frost & Sullivan, I would like to express my heartfelt gratitude and warm welcome to all of you!
This year marks the 45th anniversary of China's reform and opening up, the tenth anniversary of the proposal of the 'Belt and Road' initiative, and also the 25th year for Frost & Sullivan to have established a foothold and developed in China. At the recently concluded World Trade Expo, President Xi Jinping proposed that 'openness, cooperation, innovation, and sharing' should be the direction and path for China to jointly promote the development of services and trade with countries around the world, injecting strong momentum into promoting economic globalization, restoring global economic vitality, and enhancing the resilience of world economic development!
According to the latest research by Frost & Sullivan, 2023 is an 'Year of Resilience', with eight trends worthy of attention facing the global community. Against the backdrop of the new era of globalization, Frost & Sullivan has always been committed to focusing on national development strategies, leveraging its professional expertise, providing high-quality services, helping Chinese enterprises go global, and creating and seizing new opportunities in the changing global landscape.
1. Optimistic about China
Since entering China in 1998, we have been fortunate to witness the tremendous transformation and vigorous development of the Chinese economy. Over the past decade, China's share of the global economy has steadily increased, and its international influence has grown day by day; China's average contribution rate to world economic growth exceeds 30%, ranking first globally. China has provided Frost & Sullivan with broad development space, markets, and a platform.
Over the past 25 years of deeply cultivating its services for the Chinese market, Frost & Sullivan has continuously assisted tens of thousands of Chinese enterprises in accessing international capital markets and helping domestic and foreign investment and financing institutions understand and invest in Chinese companies.As a 'bridge,' we are optimistic about China and overweight it; we have been tracking high-growth and emerging sectors for a long time, discerning trends in technology and industrial development. We actively showcase to the world the vitality of Chinese enterprises, the potential of industries, the resilience of the economy, and the beautiful vision of Chinese modernization.
Through extensive and in-depth research, we have published a series of research findings from multiple perspectives such as macro, meso, and micro levels. For example, global future trends, the top 50 transformative technologies affecting the world, the healthy development trend of global medicine, global research on dual carbon industries, specialized and innovative industries, AI-related industry research, and so on. At this year's conference, we will release more than 10 latest research reports, presenting our findings to leaders and guests. We welcome everyone's attention.
II. Optimistic about the future
Over the past 25 years since entering China, we have closely followed the rapid development and diversification of the capital market. In the past decade, China's GDP has doubled, and the market value of listed companies has nearly quadrupled. Chinese enterprises have become an important force driving economic and social development, and have more actively promoted the forward momentum of globalization.
We are optimistic about the future, especially about the development prospects of Chinese enterprises.Chinese entrepreneurs have always been our role models to learn from. Our mission and cause are to accompany Chinese enterprises in their growth and success, to jointly face market changes and challenges, to seize opportunities, and to create value!
III. Digital Transformation of Frost & Sullivan Group
In recent years, technologies such as big data, cloud computing, the Internet of Things, and artificial intelligence have accelerated innovation. The processes of digitization, intelligence, and greening are accelerating continuously. New technologies, new industries, new business forms, and new models emerge in an endless stream, driving the entire industry, including service sectors, to accelerate digital transformation. Frost & Sullivan, originating from traditional service industries, is constantly seeking innovation and change, transforming towards scale, intelligence, and digitization. Five years ago, we established our Group's technology innovation platform - LeadLeo, specializing in exploring the paths and extensions of digital transformation in industry research. We pioneered a fully open-source, multi-party collaborative, scalable intelligent research tool called 'BrainPower'.
The Frost & Sullivan group is not only focused on excelling in technology, but also holds the ideal of using its products to benefit society. We are committed to breaking down knowledge barriers and promoting industry transformation and upgrading through 'openness, cooperation, innovation, and sharing', empowering the construction of a 'Digital China'!
IV. About the 2023 Frost & Sullivan New Investment Conference
The Frost & Sullivan Summit has been held globally for over 30 years and has successfully been organized in China for 17 sessions. Since last year, we have set 'New Investment' as the theme of the conference, proposing and focusing on 'Omni-channel Investment Management'. After a year of effort, 'New Investment' has received a strong response from all sectors of society, bringing together a large number of partners to build an ecosystem.
The Frost & Sullivan Summit is based in Shanghai, serves the entire country and is aimed at the global market.This year's event consists of an opening ceremony, seven sub-forums, a two-day expo, and numerous exciting project roadshows. It serves as a report on the achievements of 'New Investments', as well as an effort to comprehensively showcase the professional services of the Frost & Sullivan Group.
I sincerely hope that through the conference platform, I can share with you the profound insights of the Frost & Sullivan Group. I also invite you to impart your valuable experiences, to exchange ideas together, and look forward to sparking new intellectual collisions with you, in order to jointly create this two-day value feast.
Finally, I would like to express my heartfelt gratitude to all conference partners, strategic partners, and all supporting units. Thank you all for your dedicated assistance to the new Frost & Sullivan Investment Conference. Frost & Sullivan is committed to working hand in hand with you to build an omni-channel investment management platform and seek certainty in the new era.
Wishing the 2023 Frost & Sullivan New Investment Conference a complete success! Thank you all!
