全文|淡马锡中国区主席吴亦兵：让资本成为创新的推进器，让创新成为创造价值的源泉

Core Viewpoint - Temasek's investment strategy in China aligns with the country's economic transition from high-speed growth to high-quality development, focusing on long-term, patient, and value-driven capital investments [1][4]. Group 1: Investment Directions - Temasek has established four long-term investment directions globally: digitalization, sustainable living, future consumption, and longevity [3]. - The company continues to support the development of China's new economy, particularly in sectors like digitalization, smart technology, renewable energy, life sciences, and biotechnology, which are believed to have significant growth potential [3][4]. Group 2: Investment Strategy - Temasek's investment strategy in China is increasingly diversified, involving public market investments, private equity, special opportunity funds, and strategic partnerships [4]. - The company emphasizes the importance of structural transformation in the Chinese economy, which is pursuing growth in a more balanced and sustainable manner, driven by innovation [4][5]. Group 3: Mergers and Acquisitions - In the Chinese market, Temasek focuses on a dual-driven approach of innovation and mergers & acquisitions, as many mature companies with strong fundamentals are entering a conducive environment for M&A [5][6]. - The unique demand-supply iteration ecosystem in China is creating a strong innovation flywheel effect, leading to the emergence of world-class leading companies and growth investment opportunities [6]. Group 4: Future Outlook - Temasek plans to continue investing long-term, patient, and value capital to build a resilient and forward-looking investment portfolio in China [6].