中再资产李巍：从“长期资本”到“有为资本” 坚定“陪跑”科技创新全周期

Core Viewpoint - The article emphasizes the critical role of insurance funds in supporting technological innovation as part of China's modernization efforts, highlighting the need for insurance capital to evolve from "long-term capital" to "patient capital" and ultimately to "capable capital" [1][2]. Group 1: Technological Innovation and Financial Support - The current economic phase in China is characterized by high-quality development, with a dual drive from traditional industry upgrades and emerging industry cultivation [2]. - The construction of a "technology-industry-finance" virtuous cycle is essential for enhancing financial services' capabilities and efficiency in supporting technological innovation [2][3]. - Insurance asset management institutions are forming a comprehensive financial service system that covers the entire lifecycle of technology companies, integrating various financial tools [3]. Group 2: Opportunities and Challenges in Supporting Technological Innovation - China's capital market system has been continuously improving, creating structural opportunities for investment in technology industries, particularly in hard technology and artificial intelligence [4]. - The development of technology finance is a key measure to implement financial strategies and address the "asset shortage" faced by insurance funds [4]. - Recent policies have enhanced the tolerance of insurance funds for short-term market fluctuations, promoting a "long money, long investment" environment [4]. Group 3: Strategic Initiatives and Investment Approaches - Insurance funds are encouraged to deepen industry chain research, optimize asset allocation, and strengthen active management to provide comprehensive services to leading technology companies [5][6]. - The focus is on core sectors such as hard technology, artificial intelligence, and healthcare, with a systematic approach to equity investment in technology innovation [7]. - As of June this year, the investment balance in the technology finance sector by Zhongcai Asset is nearly 20 billion yuan, with plans to further integrate finance with technology and industry [8].