肖星对话靳卫萍：以科技创新推动长期繁荣 市场波动期要握好筹码

Core Insights - China is shifting from pursuing GDP growth to focusing on technological innovation, marking the beginning of a "second curve" for the economy [1] - The discussion at the Tsinghua University forum highlighted the impact of the "9·24" policy and the opportunities in mergers and acquisitions driven by AI technology and global economic changes [1][2] Policy and Economic Environment - The "9·24" policy has led to significant changes in China's capital market, with new policy financial tools aimed at supporting the economy and enhancing market stability [2] - The expansion of the policy toolbox includes measures to direct funds towards private enterprises and high-tech sectors such as AI and low-altitude economy [2] Innovation and Market Dynamics - Innovation is identified as the key driver for long-term prosperity, with a new type of national system that emphasizes the role of private enterprises in fostering innovation [3] - The current capital market has transitioned from a "broad rise and fall" to a "structural market," with competition between China and the US focusing on cutting-edge fields like AI [3] Investment Strategies - The Tsinghua University Global Private Equity Research Institute has developed a comprehensive database covering approximately 1,500 sub-industries, emphasizing the need for deep understanding of technology, industry, and finance for successful investments [4] - The "PE Industry Investor" program aims to connect scientists, industry leaders, and investors to create executable investment and acquisition strategies [4]