2023Shenzhen Bay Alumni Economy Forum
12month16Today, from Southern University of Science and Technology, Shenzhen University, Shenzhen North University of Technology Moscow and others3Home Shenzhen universities andC9,985,211Shenzhen Alumni Association of Colleges and Universities35Jointly initiated by [name of the home institution] and hosted by Southern University of Science and Technology, “2023The Shenzhen Bay Alumni Economic Forum ” was grandly held at the Conference Center of Southern University of Science and Technology in Shenzhen.
This forum is themed 'Gather Alumni Wealth and Intelligence, Forge Ahead for the Future of the Bay Area', inviting business leaders, renowned experts and scholars from the Greater Bay Area, industry-university-research institutions, alumni entrepreneurs, and heads of alumni associations to participate. The forum aims to discuss the development direction and prospects of the 'alumni economy', promote the spirit and role of alumni entrepreneurs, address global economic trends under Sino-US competition, the future trend and countermeasures for the high-quality development of China's economy, the cutting-edge trends in industrial development in the Greater Bay Area and the creation of a globally leading science and technology innovation bay area. The forum will deliberate on the 'alumni economy' and seek strategies for 'Bay Area development'.
Frost & SullivanFrost & SullivanWang Chenhui, Partner-in-Chief and President of Frost & Sullivan Greater China, was invited to attend the forum. Combining with the practices of Frost & Sullivan's industry clients, he delivered a keynote speech titled "Industry Analysis and Brand Certification to Boost Alumni Economy", aiming to gain insights2023The major trends in China's economic development, and an overview of the eight most potential market tracks.
Managing Partner and President of Frost & Sullivan Greater China Region Wang Chenhui
Wang Chenhui first briefly reviewed2023Regarding the overall economic development trend in China in [a certain year], he pointed out that 'recovery and warming up' are2023Keywords for the macroeconomic environment in China in 20192019per capita in China inGDPFirst time exceeding1One hundred thousand dollars, expected to arrive2028per capita in China inGDPwill exceed1.6One hundred million US dollars. China's economic development maintains a stable growth momentum, and high-quality development is an inevitable trend.
Wang Chenhui stated that, against the backdrop of steadily developing macroeconomy in China, a new generation of consumers in China and their consumption habits are undergoing changes. In terms of generations,YGenerations are currently the main consumer force, inclined towards enjoying life and pursuing high-quality living;ZGenerations that have been internet natives for many years tend to have self-satisfied and trend-following consumption habits. In terms of occupation and income level, the senior middle class is a mature consumer group that values quality over price; whereas the new generation of white-collar workers, who are high-income and high-consumption individuals, place more emphasis on ritual and convenience of consumption.
According to Frost & Sullivan's insights into the development trends of China's economy, Wang Chenhui has identified eight most potential market tracks, namely the ready-to-eat food track, Chinese compound seasoning track, home repair service track, travel-based elderly care track, light medical aesthetics track, traditional Chinese medicine health track, new energy vehicle track, and new material track.
With China's per capitaGDPContinuous growth is driven by the increasing awareness of healthy diets among residents, the development towards diversified and high-quality products, and the growing consciousness of sustainable development. This has continuously upgraded consumer demands, catalyzing the development of China's prefabricated food industry. .2022In China, the market scale of prefabricated dishes reached4,437RMB 10 billion, expected to2027The market scale of prefabricated dishes will exceed9,000RMB 10 billion,2022-2027yearCAGRwill exceed15%.
Consumers' attention to healthy food is increasing, the chain rate of the catering industry in China is rising, and product upgrades are driving the development of the Chinese compound seasoning industry. 2022In China, the market scale of Chinese-style compound seasonings reached348RMB 10 billion, expected to2027The market scale of Chinese-style compound seasonings will exceed500RMB 10 billion,2022 - 2027yearCAGRwill be reached8.5%The market scale shows a low-speed and stable upward trend.
Consumers are paying more attention to the timeliness of repairs, the customer service system with full-time feedback, and the intelligent matching on online platforms that are driving the development of China's door-to-door repair industry. ,2022In China, the market scale of on-site maintenance reached3,336RMB 10 billion, expected to2027The annual market size of door-to-door maintenance services will exceed5,300RMB 10 billion2022 - 2027yearCAGRwill arrive10.0%The market scale is steadily increasing, offering huge development potential.
The emergence of wellness tourism, the diversification of residential elderly care models, and the integration of multiple industries have driven the development of China's residential elderly care industry. Residential elderly care combines with the segmented sectors of the health and wellness industry, remaining a blue ocean market. Data shows that in the past decade, China's health and wellness industry has grown at a rate exceeding China's per capitaGDPThe growth rate is developing, and the market scale is from2013year2.1Trillion RMB increased2022year6.5Trillion RMB, with a compound annual growth rate of approximately13.4%.
The development of auxiliary plastic surgery and repair technologies, the deepening of the integration of light medical aesthetics into daily life, and the growth of internet-based light medical aesthetics platforms have driven the development of China's light medical aesthetics industry. The market scale of China's light medical aesthetics industry has grown from2013year166RMB 10 billion increased2022year1,207Yi billion yuan. As a medical beauty method that is easy to operate, effective quickly, has a short recovery period, and relatively low prices, the industry of light medical aesthetics in China has developed rapidly, with the market scale steadily increasing in recent years.
The application of traditional Chinese medicine (TCM) in disease treatment, disease prevention, and holistic health has driven the development of the TCM big health industry in China. The market scale of traditional Chinese medicine for big health in China is from2013year0.47Trillion RMB increased2022year1.32Trillion RMB. The traditional Chinese medicine (TCM) and health industry in China has a long history and is an important sub-sector within the healthcare service industry. It includes multiple sub-fields such as medical services, traditional Chinese medicine and medical devices, and information technology software.
The demand for cost-effectiveness, high-quality features with strong functionality, and increased requirements for technological attributes have driven the development of China's new energy vehicle industry. The sales volume of new energy vehicles in China has grown rapidly, leading the global development of the new energy vehicle industry. New energy vehicles in2021It started a burst of growth at the beginning of the year,2022In China, the sales volume of new energy vehicles reached688.710,000 units, with a penetration rate at the sales end reaching25.6%, which continues2021The explosive growth trend in the year, with a year-on-year growth rate of95.6%This figure not only ranks first in global new energy vehicle sales but also accounts for a breakthrough in the proportion of global new energy vehicle sales60%.
The application scenarios of new materials range from national defense and military industry to new energy vehicles, and3CThe development of digital technology, household appliances, etc., has spurred the development of China's new material industry. China's carbon fiber industry started relatively late. However, with the gradual overcoming of technical barriers for various types of products in recent years, China's carbon fiber manufacturing technology, product performance, and production capacity have gradually approached or even surpassed those of countries such as Japan and the United States. The market scale of carbon fiber materials in China has changed from2013year27.7RMB 10 billion increased2022year134.11000 million RMB.
Subsequently, Wang Chenhui introduced the relevant businesses of Frost & Sullivan and LeadLeo to the attendees.
As a global growth consulting firm, Frost & Sullivan specializes in global capital markets and corporate advisory services. Through its pioneering 'All-in-One Investment Management(Total Investment Management, TIMThe service system provides all-round investment and financing as well as various other professional consulting services for life science enterprises, and is a leading enterprise in the field of investment strategy consulting in China.
IPO listingIndustry consulting is one of the most important businesses of Frost & Sullivan.2014till2022In FY19, Frost & Sullivan retained its position as the leading global provider of outbound M&A advisory services.IPO listingWith its leading position in market industry research advisory, the top market share, Frost & Sullivan has helped more than a thousand outstanding domestic enterprises successfully list on domestic and international capital markets. As the industry advisor most recognized by the Hong Kong Stock Exchange, Frost & Sullivan in the Hong Kong capital marketIPO listingThe market share exceeds70%Over the past three years, Frost & Sullivan has served dozens of benchmark enterprises rooted in Shenzhen that have expanded their reach across the national and even global markets, successfully listing on the Hong Kong capital market.
In addition to industry consultants, Frost & Sullivan empowers brand value with its global brand influence and cross-industry expert authority, endorsing the strength of businesses.2020Since its inception, Frost & Sullivan's Greater China region has provided industry position confirmation services to many enterprises across various sectors including catering, food and beverages, agricultural products, mother and baby products, apparel, home furnishings, education, new energy, consumer electronics, and communication technology. In recent years, Frost & Sullivan has provided in-depth services to leading enterprises in the consumer sector in Shenzhen Bay, assisting companies in refining and promoting their leading, first-to-market, and pioneering advantages.
The LeadLeo education service matrix is delivered throughIACCIndustry analyst certification, co-creator certification of the Research School, research courses, various research competitions, “Brain Power StackKnowlengine"Knowledge Management and Research Assistance"KaaSProjects such as the System, Digital Research and Development Collaboration Program, and the Young Analyst Program assist in talent cultivation and output, connecting schools with industries and promoting the development of alumni businesses in Shenzhen Bay.
