金镒资本杨燚：助力新时代的中国力量 — 科技+消费双轮驱动

Core Viewpoint - Technology innovation and domestic consumption are the core engines driving China's economic growth, with a unique dual-driven advantage globally [3][12] Group 1: Company Overview - Jin Yi Capital is a new generation private equity institution focused on investing in China's technological innovation and quality of life, aiming to enhance social efficiency and tap into large terminal markets [5] - The company has a unique gene as a new generation institution, with a team that has invested 60 billion RMB over the past 20 years in representative companies across various eras in China [5] Group 2: Technology Sector Development - China possesses a top-tier talent pool and research capabilities, leading globally in the number of high-level STEM graduates [6] - The manufacturing sector in China accounts for 30% of global manufacturing output, with significant advancements in key technologies over the past decade [7] Group 3: Consumer Market Insights - China has the world's largest consumer market, with a middle-class population of 460 million as of 2022, surpassing the total population of the United States [8] - The disposable income of Chinese residents has increased 46 times over the past 30 years, with a national savings rate above 40%, indicating substantial consumer potential [8] Group 4: Policy Support - The Chinese government has implemented policies to boost income, adjust redistribution, stimulate consumption, and combat excessive competition, laying a foundation for sustainable economic growth [9] Group 5: Long-term Outlook - China is expected to become not only a technological powerhouse but also the largest consumer market globally, with income growth outpacing GDP growth [10][11] - The income distribution is anticipated to become more equitable, with systemic reforms aimed at reducing income disparities and unlocking consumption potential among lower-income groups [11] Group 6: Investment Strategy - Jin Yi Capital actively seeks structural opportunities that combine technological transformation with the vast domestic market, focusing on themes like smart technology, green living, and technology-enabled consumer industries [13] - The company has invested in leading enterprises across various sectors, including AI, new energy vehicles, and biotechnology, which are transforming consumer experiences [15][16]