宗良：企业做大做强后，要抓住全球市场的机遇并购

Core Insights - The 2026 Financial Annual Conference and 2025 Global Wealth Management Forum will be held in Beijing from December 18-20, 2025, focusing on China's strategic positioning in finance, industry cultivation, and technological self-reliance as outlined in the 14th Five-Year Plan [2][5] Group 1: Technological Development - China needs to focus on breakthroughs in original innovation (0 to 1) and the transformation of results (1 to N), with a strong advantage in the latter but requiring enhancement in original innovation through collaboration between universities and large enterprises [2][5][6] Group 2: Industrial Growth - There is a need to cultivate small and medium-sized enterprises (SMEs) into large enterprises, creating a virtuous ecosystem where large enterprises continue to strengthen [6] Group 3: Financial Support System - A comprehensive support system throughout the business cycle is essential, starting with early-stage funding from national R&D and venture capital, transitioning to patent financing and technology financial products in the mid-stage, and utilizing diverse channels like IPOs and mergers for capital exit and enterprise expansion in the mature stage [6] Group 4: Global Market Opportunities - Once enterprises grow stronger, they should seize global market opportunities for mergers and acquisitions, with the potential to develop Chinese companies that can compete with top global tech firms, thereby enhancing Beijing's status as an international innovation center and boosting national competitiveness [3][6]