全国社保基金理事会股票投资部副主任薛捷：科技投资要坚持长期性、稳定性和规模性

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 Mergers" [1] - The conference aims to create a communication platform for foreign institutional investors to engage with regulatory bodies, exchanges, listed companies, and financial institutions, promoting deep integration of international capital with the Chinese capital market [1] Group 2 - During the roundtable discussion on "Focusing on Value Investment: Long-term Capital in the Chinese Capital Market," Xue Jie, Deputy Director of the Stock Investment Department of the National Social Security Fund, emphasized the importance of long-term, stable, and large-scale investments in technology [3] - Xue Jie noted that in the context of a globalized capital and technology landscape, identifying unique investment value requires finding breakthroughs within structural differences [3] - She highlighted that long-term capital should not be easily swayed by short-term fluctuations, instead supporting companies over 3 to 5 years or longer [3] - A systematic asset allocation framework is necessary to manage the volatility of technology assets within the overall risk budget, aiming for smoother overall returns [3] - Maintaining the scale of investments is crucial, as large-scale long-term capital can support national strategies and attract more social capital into key technology sectors, creating a risk-sharing investment landscape [3] - Xue Jie advocated for cultivating a genuine long-term investment philosophy to achieve stable growth in returns under low-interest-rate environments, noting the increasing independent innovation capabilities of Chinese technology companies [3]