11month30day,36kryptonWISE2022King of the New Economy·Breakthrough2023The China Capital Market Finance and Economics Summit successfully concluded in Hangzhou.
Review2022In [year], the domestic economic development encountered many difficulties, and the international environment was even more complex and volatile, with major global capital market indices collectively falling. Outlook2023In [year], international economic downward pressure intensified, market confidence plummeted again, and investors are still facing severe tests.
Against this backdrop, the Capital Market Finance Summit for 2019 is themed 'Breaking Boundaries2023With the theme of 'Global Challenges and Opportunities: The Road Ahead', we invite representatives from academia, research institutions, the banking sector, as well as corporate leaders from various fields such as the internet and new energy to give speeches. Together, we aim to explore the correct course of action for navigating through global headwinds with stability and long-term success.
At the same time, this year's forum also features a blockbuster launch ofWISEThe King of the New Economy2022Pioneering Innovator》2022Annual report of listed companiesESGInvestment Selection》《WISE2022Most PotentialCFO36The 'People' annual roster for the past three years provides a comprehensive outlook on growth opportunities under new trends.
In the morning session's 'Review and Outlook' special topic,36kryptonCFOAfter Wei Lin's opening remarks, Yao Yang, Dean of the National Institute for Development Economics at Peking University and Chair of the Social Value Investment Alliance, Liu Gang, Managing Director of Research and Strategy Analyst at CICC,PingPongCo-founders Lu Shuai, Gu Feyong, General Manager of NetEase Blockchain Business Department, Feng Yi, General Manager of Zhejiang Merchants Asset Strategic Development Department and Deputy Dean of Research Institute, and Yimo123Viewing propertiesCOO Officer-in-ChiefLiu Hang delivered analyses and judgments on macro trends to the participants, respectively, and shared the strategies for enterprises to survive in a complex macro environment.
Subsequently, in36Under the chairmanship of Huang Yida, Chief Analyst at Krypton's Secondary Market, Lu Shuai, Feng Yi, and Gu Feiyong jointly held a roundtable discussion on 'Exploring the Path to Breakthroughs in Economic Development'.
In the afternoon session, Li Yujun, Vice President and Chief Technology Officer of GCL New Energy Technology Co., Ltd., Qiao Tong, Deputy President of DBS China Shanghai Branch and Head of New Economy Business, and Cheng Chaogong, Chief Researcher of Tongcheng Research Institute, shared their respective insights on the “New Trends, New Tracks” topic with the participants.ESGOpinions on new industrial opportunities and speculative opportunities under the trend of market transformation.
Finally, by36During the roundtable session chaired by Zheng Huaizhou, Head of Krypton's Secondary Market, Qiao Tong and Zhang Bin, Partner of Frost & Sullivan's Sustainable Development Services (Special General Partnership), and Ernst & Young Huaming LLP (Frost & SullivanYang Lizhu, Consulting Director of Frost & Sullivan Greater China, discussed the topic of green development with us.
#01
Review and Outlook
In the opening speech,36kryptonCFOWei Lin said that the global counter-trend market is also one where challenges and opportunities coexist. In the face of downward pressure on the global economy, finding ways to break through is key. Identifying positive trends in key sectors such as green finance is what this forum hopes to 'break through'.2023"The key lies therein."
Subsequently, Yao Yang, Dean of the National Institute for Development Studies at Peking University, delivered a speech titled 'The Resilience of the Chinese Economy and the Transformation of Future Economic Structure'. He stated that ChinaAIIt holds a leading position in fields such as automation and new energy, which is the strength of the Chinese economy. It is also believed that there are no major problems with the Chinese economy in the medium to long term. "We have entered an era where innovation is the driver of growth, and our government's policies will change. These changes are only aimed at correcting some issues that have arisen in the past and will not shake our fundamental commitment to ensuring economic growth."
Liu Gang, Managing Director of Research at CICC, delivered a speech titled2023In his speech at the "Market and Asset Outlook for 2023", Mr. Tang shared with the attendees his views on2023The outlook for the global market and major assets in the coming period. He stated that he is not pessimistic about the global markets represented by the United States, but there will be a process of setbacks, perhaps around the second quarter, hence it can be described as 'rising expectations require prior suppression'. At the same time, its outlook for Hong Kong stocks is more positive and optimistic. This is mainly because Hong Kong stocks have experienced a continuous slump over the past year or so, reaching relatively low points in all dimensions. Therefore, it can be described as 'a sudden rain that does not last'.
PingPongCo-founder Lu Shuai shared his insights on how to survive in a complex macro environment during his speech titled 'Accelerating the Digital Transformation of Global Trade'. He mentioned that the methodology for making correct choices in a complex environment is simple logic: finding certainty amidst uncertainty.PingPongThe cross-border payment sector in which it operates, the backdrop of global trade, and the digital trend against this backdrop remain unchanged; this is the certainty it has found amidst external complex fluctuations.
Gu Feyong, General Manager of NetEase Blockchain Business Unit, delivered a speech titled 'DomesticWEB3In his speech titled "Practice and Conception of the New Era's Development of the Financial Industry", he stated that currentlyWEB3The track is more like a cycle coming to an end, accompanied by the birth of a new cycle. A new era requires new ideas to break through barriers. Gu Feyong, with NetEase's blockchain teamWEB3Industry practices are illustrated with examples, and in the futureWEB3This new technology can create significant value for the prosperity of the digital economy.
Feng Yi, General Manager of the Asset Strategy Development Department and Deputy Dean of the Research Institute at Zhejiang Merchants Bank, mentioned in his speech titled 'Opportunities and Challenges in the Non-performing Asset Market under Current Circumstances' that currently, China has a large total amount of non-performing assets. With the increase in the number of participants, competition has become increasingly fierce. From past patterns, it is expected that the outbreak of non-performing assets will continue under future economic downward pressure, thus increasing market space. The resolution and disposal of non-performing assets will play a very important role in economic development.
Me123Viewing propertiesCOO Officer-in-ChiefLiu Hang's article titledAI+VRIn his speech titled "Exploring the Path of Real Estate Home Decoration Transformation," he stated that in the past two years, due to the downward pressure on real estate, the brokerage industry has seen limited growth, with nearly40%, and with the help ofAI,VRTechnologies such as123Viewing properties58platforms such as AnjukeVRTechnology vendors, according to data from the aforementioned platforms, there areVRThe average click-through rate of listings has increased compared to regular listings.1.5By about [X]% or so, the seven-day retention rate of users has increased.50%.
In the last session of the morning session,36Under the chairmanship of Huang Yida, Chief Consultant at Krypton's Secondary Market, Lu Shuai, Feng Yi, and Gu Feiyong jointly held a roundtable discussion on 'Exploring the Path to Breakthroughs in Economic Development'.
Lu Shuai, in response to the question about how he views export pressure, stated that although the total volume may be shrinking at present, no matter how global trade fluctuates, the digital aspect is continuously deepening. Therefore, the business and investment communities can also continue to pay attention to the field of cross-border payments and seek potential opportunities.
In response to questions about the pressure on real estate and the impact of several rounds of reserve requirement ratio cuts by the central bank on banks, Feng Yi stated that in the future, with the transformation of economic momentum, some new economies such as technology companies or new economic forms may emerge. New customer groups will also be discovered, which could become new investment directions after bank loans are disbursed.
RegardingWEB3In response to the question about market scale, Gu Feyong stated that there are currently no accurate data statistics available, but a rough estimate suggests that the investment scale is about300Hundreds of millions of dollars. Then, from the investment enthusiasm and what various industries thinkWEB3In the future, it may become a new growth track prediction, up to2030In the yearWEB3The industrial scale is expected to reach3000billion.
#02
ESGNew Trends and New Tracks under the Trendsetter Wave
In the afternoon session, under the theme of "New Trends, New Tracks", several keynote speakers focused on their respective business areas.ESGThe report provides a detailed interpretation of future industrial and investment opportunities at the tuyere.
Li Yujun, Vice President and Chief Technology Officer of GCL New Energy Technology Co., Ltd., introduced the bottlenecks encountered by battery swapping mode transportation systems under the wave of electrification, as well as GCL New Energy Technology's mobile energy system solutions, with the theme of 'Battery Swap Mode Accelerates the Electrification and Cleanliness of Transportation Systems'. He stated that the clean energy and low-carbon electrification of transportation systems are the future trend, and under this backdrop, battery swapping will embrace great opportunities. GCL New Energy Technology will next take battery swapping as a starting point to create multi-energy complementary scenarios. 'Of course, the most important thing is the user experience—safety, convenience, and efficiency. This is the goal that drivers, operators, and all of us are striving for together.'
Qiao Yong, Deputy President of Deutsche Bank China Shanghai Branch and Head of New Economy Business, introduced Deutsche Bank's financial practices in the new economy field andESGRelevant practices and concepts. He mentioned that Deutsche Bank is working on near-zero carbon emissions and near-zero carbon services,ESGProvides services to customers in three aspects: domain customer consulting and green finance. At the same time, it also mentioned that overseas adoption is currentlyESGThere are minor differences between the standards and the green finance standards applicable domestically, but in practice "The difference is normal, even though at present, in the entire international community, we areESGThe concept has not yet formed a complete unity, and I believe that there may never be a completely unified concept in the future. Everyone has their own criteria for identification."
Cheng Chaogong, Chief Researcher at Tongcheng Research Institute, delivered a presentation titled 'The High-quality Development Stage of the Tourism Travel IndustryESGGovernance —— Tongcheng Travel's Industry-Specific Sustainable Development Concept" was presented, introducing the development stages of travel periods andESGGovernance changes, as well as Ctrip's past periodESGRegarding the dynamics, he stated that the main change in the tourism supply side is the departure from a shortage of basic services. At the same time, there is an insufficient supply of high-quality services, and there are structural contradictions that constrain consumption growth. 'Previously, we only needed to continuously expand the market and develop it efficiently to achieve great success and sustainable development. However, now we need to make more long-term arrangements to cultivate the market.'ESGUnder the system, Tongcheng sees more of a fusion between the sustainable development of enterprises and their responsibilities. For instance, at this stage, its digitalization efforts in the industrial chain aim to use new technologies to improve efficiency.
Finally, by36During the roundtable session chaired by Zheng Huaizhou, Head of Krypton's Secondary Market, Qiao Tong and Zhang Bin, Partner of Sustainable Development Services at EY Hua Ming Accounting Firm (Special General Partnership), Frost & Sullivan (Frost & SullivanYang Lizhu, consulting director of Frost & Sullivan's Greater China region, discussed the topic of green development with us.
For Deutsche Bank this year5First released in the monthESGQuantitative targets, Qiao Tong introduced the content involved and main capital investments in China. 'Our group-level original2025year2000The target of hundreds of millions in investment and financing is expected to be achieved by the end of this year. Last month, our group set a new goal, which is to2025Annual Group LevelESGThe total amount of investment and financing should reach5000Euro billion level, with at least more growth on top of the existing base1Multiple times more. Going back to the Chinese market, what we have done more of is investing in traditional energy companies such as wind power, new energy vehicles, and photovoltaics, especially green bond issuance.
Asked whether unified financial quantification would be formed in the future,ESGDisclosures and Frameworks, Zhang Bin said “ISSBThe upcoming official release of the guidelines will bring about significant changes. For our country, strictly speaking, this may not be the case for some time to comeESGAccording to the corresponding standards, our country is also expected to make reference to them nextISSBStandard settingESGCorresponding guidelines. However, even with such guidelines, as you mentioned earlier,ESGHow can we effectively measure the quantitative impact of evaluation dimensions on finance? I think it remains a significant challenge at present."
Facing the world'sESGRegarding the question about what changes and opportunities related industries will bring about due to investment focus, Yang Lizhu said, 'From the perspective of traditional industries, for example, those in energy, mining, transportation, infrastructure, and traditional manufacturing sectors will enjoyESGdividends. In traditional industries, carbon emission reduction and energy conservation and environmental protection management areESGmiddleEAn important part." Meanwhile, "there are also some new economic industries, including internet companies, that have joined in the practiceESGThe army of ideas. Companies like Huawei and Tencent have also made their way to ChinaESG500Forced inclusion. We can see that as enterprises practiceESGEnhanced consciousness, the futureESGThe industries and enterprises involved will become increasingly diversified. ”
Discussing whether domestic investor sentiment can continue to support ChinaESGRegarding the long-term development issue, Yang Lizhu believes that 'some of the investors in the Chinese market already possess a certainESGInvestment awareness, which drives asset management institutions and invested enterprises to carry outESGRelevant capacity building has been carried out, and some asset management institutions have alreadyESGIncluded in the consideration of investment strategies. "In addition, she said, "As our countryESGThe system and industrial chain are continuously improving.ESGInvestment awareness will be strengthened,ESGThe investment market scale is expected to continue to grow significantly. From the perspective of corporate profitability,ESGEnterprises with high ratings are more competitive than their peers. On one hand, these companies can efficiently utilize raw materials, energy, and human resources; on the other hand, they have strong risk management and corporate governance capabilities, and are better at formulating long-term development plans.
#03
The release of the three major annual rosters is highly anticipated
During the morning and afternoon sessions of this forum, the organizers also releasedWISEThe King of the New Economy2022Pioneering Tech Startup2022Annual report of listed companiesESGInvestment Selection》《WISE2022Most PotentialCFO36The 'People' annual report for the past three years provides a comprehensive outlook on growth opportunities worthy of attention in the context of the complex external environment and future trends.
Although the current macro environment brings great uncertainty to the business community, it has also become a booster for enterprises to carry out organizational innovation and technological advancement. In the face of adversity, many outstanding Chinese enterprises still fearlessly brave the severe winter, recover from crises, forge ahead with a striving attitude, and embark on an extraordinary new journey.36Krystal and Huaxi Securities jointly initiatedWISEThe King of the New Economy2022Potential Innovative Company' selection. In this era of challenges and opportunities, discover the most promising future stars.
In the final session of the morning session at this forum, the host announced theWISEThe King of the New Economy2022Potential Innovative Companies' List
After decades of rapid economic growth, the Chinese economy has entered a stock era, which takes into account both economic and social benefits and aligns with sustainable development conceptsESGhas become a popular investment trend in the current market. In order to exploreESGNew investment paths for the future, to promote enterprises inESGFurther development of investment strategies and actions,36Krypton launched “2022Annual report of listed companiesESGInvestment Selection".
In the afternoon session, the host announced the2022Annual report of listed companiesESGSelected for the Investment Selection.
In order to delve into the downlink cycle, enterprisesCFOAnd the new mission and value of the finance team, demonstrating the enterpriseCFOThe power of group traversal through economic cycles, 36Krypton, in collaboration with SULLIVAN TELE-TREND CLOUD TECHNOLOGY, has jointly releasedWISE2022Most PotentialCFO36"People" research and selection. Comprehensively showcases the most representative excellence of Chinese enterprisesCFOThe demeanor of the team on the domestic and international financial stage. For this selection,36Krystal has invited heavyweight judges and guests such as leading securities firms, law firms, accounting firms, and industry consultants to evaluate listed companies'CFOConduct quantitative evaluations, including enterprise market value, liquidity, choice of listing location,IPO listingAmount, raised fundsCFOComprehensive evaluation is conducted across multiple dimensions such as length of service, and the candidates areCFOGive authoritative, professional, and fair evaluations. Before the event ends, the host announced on-site thatWISE 2022Most PotentialCFO36Personnel> list.
