解码“耐心资本”赋能，如何把握市场机遇？

Group 1 - The concept of "Patient Capital" refers to capital that has a long-term investment perspective, can withstand higher risks, and seeks stable long-term returns, distinguishing it from capital that focuses solely on short-term profits [1][2] - Patient Capital emphasizes a longer investment cycle, rationally views short-term price fluctuations, and is characterized by a commitment to value investing and a higher risk tolerance [2][3] - In China, Patient Capital primarily comes from government-guided funds, sovereign wealth funds, private equity funds, and venture capital, with a focus on low-risk investments [3][4] Group 2 - The development of Patient Capital in the secondary market has seen a continuous increase in the market value held by Patient Capital entities such as central Huijin and social security funds, playing a crucial role in market stability [5] - In the first quarter of 2025, Patient Capital appeared in 874 instances across 696 companies, reflecting a growth of 2.10% from the previous quarter, with significant holdings in sectors like pharmaceuticals and basic chemicals [5][8] - The A500ETF (159339) is highlighted as a representative tool for Patient Capital, covering a wide range of industries and aligning with the long-term investment preferences of Patient Capital [8]