王一鸣：科技创新、产业创新离不开资本市场支持

Core Insights - The new round of technological revolution is accelerating, with artificial intelligence as the core driving force, leading to profound changes and innovations across various fields [1] - There is a need to shift from following to leading in more areas, from innovation in end products to breakthroughs in key core technologies, and from encouraging integrated innovation to promoting original innovation [1] - The relationship between technology, industry, and finance is interdependent, with financial support being crucial for both technological and industrial innovation [1] Financial Support and Innovation - Financial markets, particularly direct financing through stocks, are more beneficial for the integration of technology and capital compared to traditional bank loans [1] - There is a call to develop the merger and acquisition market and encourage the establishment of market-oriented acquisition funds to address the exit issues faced by venture capital institutions [2] - The use of artificial intelligence and machine learning is recommended to build intelligent risk control models that dynamically assess corporate credit risks, thereby reducing decision-making costs and risks for financial institutions [2] Risk Management and Credit Assessment - Dynamic credit profiles should be constructed using intelligent technologies to enhance financial institutions' risk identification capabilities [2] - Effective risk-sharing and compensation mechanisms, such as insurance and reinsurance, should be established to support financing for technology-based enterprises [2] - Exploration of local government mechanisms for credit assessment and risk compensation for innovative enterprises is suggested [2]