锁凌燕：培育险资成“耐心资本”主力军

Core Viewpoint - The article emphasizes the role of insurance funds as "patient capital" in supporting China's technological self-reliance and industrial upgrading, aligning with the national strategy for economic development [1][3]. Group 1: Insurance Funds and Technological Innovation - Insurance funds are well-suited for supporting technological and industrial innovation due to their "long money" characteristics, with an average liability duration of approximately 13 years, allowing them to provide financing for technology companies during their growth and maturity phases [1][2]. - The risk appetite of insurance funds aligns with the high-risk, high-reward nature of technology innovation projects, enabling them to optimize their overall risk-return profile by including such projects in their investment portfolios [2][3]. - The current scale of China's insurance industry, with total investment assets growing from 21.68 trillion yuan at the end of 2020 to 36.23 trillion yuan by mid-2023, demonstrates its capability to provide long-term, stable funding for technological innovation [2][3]. Group 2: Strategic Implementation and Challenges - The insurance industry can effectively support the national strategy for technological self-reliance and industrial upgrading, as evidenced by the implementation of the "High-Quality Development Plan for Financial Services in Technology" by regulatory authorities [3]. - Successful provision of "patient capital" requires insurance funds to possess strong strategic determination and long-term vision, alongside excellent investment management capabilities to identify and nurture innovative projects [3][4]. - To become a core financial pillar for a technologically advanced nation, insurance funds must enhance their professional capabilities and risk management systems, transitioning from passive "value guardians" to active "value creators" [4].