全国社保基金理事会王文灵：养老金融要积极关注新技术、拥抱新机遇

Core Insights - The pension fund's role is to become a capital engine for technological progress while sharing the excess returns from technological innovation, which is a key challenge for pension finance [1] - The rapid iteration of new technologies has injected vitality into the capital market and provided substantial returns for pension investments [1] - Pension funds should actively focus on new technologies and embrace new opportunities to enhance investment returns and support new industries [1] Investment Strategy - Pension funds need to create suitable investment products for technological innovation to enrich their investment portfolios [1] - The transition from cyclical capital to cross-cyclical patient capital is essential, requiring a long-term investment value curve and extended investment horizons [2] - The transformation of patience as a time factor into a tradable and allocatable production factor is crucial for supporting national productivity development [2] Risk Management - A shift from variance management focused on price volatility to dynamic risk control covering the entire process is necessary [2] - Establishing a comprehensive dynamic risk management system throughout asset allocation, investment execution, and post-investment management is required for long-term value realization [2]