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中金公司张一鸣:AI驱动的科技创新将持续带动资本市场活力,全球科技产业成长逻辑依然具备韧性
Xin Lang Zheng Quan·2025-11-12 04:08

Group 1 - The Shanghai Stock Exchange International Investor Conference was held on November 12, focusing on "Value Leading, Open Empowerment - New Opportunities for International Capital Investment and M&A" [3] - The conference aimed to create a communication platform for foreign institutional investors, regulatory agencies, exchanges, listed companies, and financial institutions, promoting deep integration of international capital with the Chinese capital market [3] - Zhang Yiming from CICC highlighted the successful completion of CATL's Hong Kong IPO in May, raising $5.3 billion, showcasing international investors' recognition of high-quality Chinese technology and production assets [3][4] Group 2 - Zhang emphasized that patient capital is crucial for driving technological innovation, as long-term investments can stabilize market expectations and provide continuous momentum for new productive forces [4] - He outlined three key experiences: leveraging the synergy of investment, banking, and research to support early-stage tech companies; breaking down barriers in financial sub-industries; and ensuring smooth exit mechanisms for long-term capital [4] - Zhang noted that the global tech sector has shown a pattern of "synchronous resonance and alternating peaks," driven by breakthroughs in AI technology, which have led to record capital expenditures by tech giants [4] Group 3 - The future strategy for CICC includes deepening the "bringing in" and "going out" approach, utilizing capital market strengths to support high-quality Chinese enterprises in global expansion and providing ongoing financial support for technological innovation [5]