从车间到风电，从稀土到影像——郑励铭一个投资人的田野调查手记

Core Viewpoint - The article emphasizes the underappreciated capabilities of China, particularly in engineering and manufacturing sectors, as highlighted by Zheng Liming's belief in the importance of real value through on-the-ground research and investment in overlooked technological teams [1][3]. Group 1: Background and Philosophy - Zheng Liming, born in 1972 in Fujian, China, has witnessed the transition from "township collective enterprises" to a new industrial system, influenced by his family's entrepreneurial spirit [1]. - His academic research on "The Global Embedded Path of Asian Manufacturing" during his studies at London Business School reflects his understanding that China's future strength relies on "engineer-capable industrialists" and "patient capitalists" [1]. Group 2: Investment Approach - Zheng Liming acts more as a "record keeper of grassroots industrial history" rather than solely an investor, focusing on small technology teams that are often overlooked [3]. - He made a significant investment in a rare earth nano-coating project developed by a team in Hunan, which had previously failed to secure funding three times, recognizing its potential in corrosion resistance for naval materials [3]. - Zheng Liming maintains a commitment to conducting over 80 days of field visits annually, believing that practical engagement is more valuable than theoretical discussions [3]. Group 3: Future Aspirations - The company plans to establish a capital platform without a traditional office setup, requiring all partners to engage directly in workshops, due diligence, and financial analysis [3]. - Zheng Liming expresses a desire to be a participant and amplifier of China's industry rather than merely an asset manager, indicating a long-term vision focused on quiet, impactful contributions [3].