首届"国际耐心资本论坛"由香港投资管理有限公司(下称"港投公司")主办，论坛汇聚全球80家耐心资本 机构、合共约400位嘉宾，分别来自全球15个国家，总资产管理规模达20万亿美元。这些来自欧洲、美 国、澳洲、日本，以及包括中东和东南亚在内的全球南方市场的耐心资本机构，包括主权基金、退休基 金、大学基金、家族办公室、企业创投机构等。论坛亦有不同领域的初创企业和投资机构代表参与。 "本次论坛正好搭建起国际的平台，汇聚各地的耐心资本，连接尖端科技项目。作为国际金融和创科中 心，香港致力高效联通资金，技术与人才，并与国际伙伴共拓创科的新路径，实现共赢。"陈茂波说。 5月22日，香港财政司司长陈茂波在首届"国际耐心资本论坛"致辞时表示，科技变革正加速重塑全球经 济，新技术、新路径不断涌现，这既是机遇，也意味着探索未知的挑战。"在此进程中，我们需要具有 长远视野的耐心资本，支持科技创新、加速商业转化；同时也需国际资本合力，将这些创新与突破转化 为普惠全球的成果。" 港投公司行政总裁陈家齐也在本次论坛上致辞，其表示，论坛汇聚众多国际顶尖耐心资本机构，反映全 球长期资本对科技变革，尤其是人工智能爆发阶段战略布局的殷切需求。香 ...

Core Insights - The "International Patient Capital Forum" held in Hong Kong focused on gathering patient capital to build a prosperous future, attracting over 400 guests from around 80 international patient capital institutions [1] - The forum highlighted the strategic importance of patient capital in driving technological advancement, industrial transformation, and economic growth amid global economic fragmentation [2] Group 1: Government and Institutional Perspectives - The Financial Secretary of Hong Kong, Paul Chan, emphasized the need for patient capital to provide funding for alternative solutions during supply chain restructuring, focusing on purpose and impact rather than just profit [2] - Chan expressed optimism about Hong Kong's technology ecosystem, which benefits from a complete financing chain and collaboration with the Guangdong-Hong Kong-Macao Greater Bay Area [2] - The CEO of Hong Kong Investment Company, Chan Ka-kee, noted that the total assets under management of attending patient capital institutions exceed $20 trillion, reflecting a strong demand for strategic investments in technological transformation [3] Group 2: Investment Themes and Achievements - The Hong Kong Investment Company has identified three major investment themes: hard technology, life sciences, and renewable and green technology [4] - The company has invested in over 100 projects, with a focus on innovative technologies such as artificial intelligence, and has plans for 5-10 projects to go public on the Hong Kong Stock Exchange [4] - For every dollar invested by the Hong Kong Investment Company, it has been able to attract over four dollars in follow-on investments, indicating a strong leverage effect [4] Group 3: New Collaborations and Initiatives - The Hong Kong Investment Company announced new collaborations, including a "Patient Capital Special Fund" with Gobi Partners to leverage international long-term capital for technological innovation [5] - A "Co-Investment Partnership Program" was established to support globally-minded Chinese tech entrepreneurs and leading global technological innovations [6] - The company also launched an "International Strategic Expansion Platform" with Basis Point Capital to accelerate the commercialization of research outcomes, focusing initially on markets in the Middle East [6] Group 4: Forum Discussions and Future Outlook - The forum included discussions on creating a new venture capital ecosystem, exploring innovation opportunities in mainland China, and establishing a global presence while rooted locally [8] - Attendees expressed confidence in the positive growth momentum and opportunities in both mainland China and Hong Kong, citing stable investment and policy environments, rich application scenarios, and continuous technological breakthroughs [6]

Core Viewpoint - The first "International Patient Capital Forum" held in Hong Kong focuses on gathering patient capital to build a prosperous future, attracting over 400 guests from around 80 international patient capital institutions and various startups and investment representatives [1][2]. Group 1: Economic Outlook - Attendees expressed optimism about the positive growth momentum and opportunities in the mainland and Hong Kong economies, highlighting the stable investment and policy environment, rich application scenarios, continuous technological breakthroughs, and Hong Kong's role as an international platform [1]. - The Financial Secretary of the Hong Kong SAR, Paul Chan, emphasized the strategic importance of patient capital in driving technological advancement, industrial transformation, and economic growth, noting significant investments in technology over recent years [1]. Group 2: Investment Landscape - The total assets under management of patient capital institutions attending the forum exceed $20 trillion, representing over 50% of global GDP, indicating a strong demand for strategic investments in technological transformations, particularly in the artificial intelligence sector [2]. - The Hong Kong Investment Company highlighted its unique advantages as a "super connector" and "super value creator," which can attract international investors to engage with high-quality tech enterprises at various financing stages [2]. Group 3: Collaborative Initiatives - The forum showcased several collaborative initiatives, including the establishment of a "Patient Capital Special Fund" in partnership with Gobi Partners, a "Co-Investment Partnership Program" with BlueRun Ventures, and an "International Strategy Expansion Platform" with Basis Point Capital [2]. - These collaborations are expected to support local and regional economic and social development, establishing a good example for sustainable, reliable, and mutually beneficial strategic partnerships [2]. Group 4: Discussion Themes - The forum included three discussion sessions focusing on creating a new investment ecosystem, exploring innovation opportunities in the mainland, and establishing a global layout rooted in local foundations, facilitating multilateral meetings among different institutions to explore specific cooperation plans [2].

【大河财立方消息】5月22日，国新办举行新闻发布会，介绍科技金融政策有关情况。 第二体现在服务上要更有温度，推动银行深化科技信贷服务能力的建设，在内部管理、人才建设、风险评 估、产品服务等方面构建专项机制，匹配高新技术产业的特点，提升服务覆盖面，让更多中小科技企业获得 优质的信贷服务。 二是关于建设债券市场的"科技板"，这也是支持科技发展的一项创新性举措，刚才我已经给大家介绍过了。 我们把发展股权融资、壮大耐心资本作为重中之重，促进创投行业"募投管退"的循环，解决这类机构的募资难 问题，这是一个亮点也是一个创新点。 三是培育完善科技金融生态体系。加强科技型企业跨境金融服务，因为现在科技型企业不光是面向国内的， 还有很多是面向国外的，我们将稳步推进合格境外有限合伙人（QFLP）试点、跨境融资便利化试点。 四是要提高科技要素密集地区的金融服务水平。根据国家科技发展总体布局，着力推动北京、上海等13个重 点地区优化区域科技金融服务体系，在强度和能力上要达到更高水平，实际上起到一个引领示范的作用，支 持保障国际和区域科创中心的建设。 实习编辑:金怡杉 | 审核:李震 | 监审:古筝 中国人民银行副行长、国家外汇局局长 ...

此次论坛汇聚来自全球80家耐心资本机构，包括主权基金、退休基金、大学基金、家族办公室、企业创 投机构等，约400名嘉宾参会。(完) 5月22日， 首届"国际耐心资本论坛"在香港举行。 中新社记者 戴小橦 摄 港投公司行政总裁陈家齐称，本次论坛汇聚众多国际顶尖耐心资本机构，反映全球长期资本对科技变 革，尤其是人工智能爆发阶段战略布局的需求。香港作为国际枢纽，提供高效平台，让投资者与前沿科 企深度对接，掌握技术转化趋势与资本动态。港投公司致力构建跨地域"朋友圈"，促进耐心资本与创新 企业精准匹配。 本次论坛设有3个讨论环节，主题分别为"智启未来，力创革新—共筑创投新生态""联通世界—发掘内地 创新机遇""植根本地，布局全球"。香港中大创新有限公司行政总裁伍心妍指出，香港高校在专业人才 吸引领域成效显著，众多处于成熟发展阶段的人才对投资高校展现出兴趣；期待以本次论坛为契机，进 一步加快探索步伐，深度发掘更多全新投资机遇，推动相关领域合作与发展。 不少家族办公室和创投机构代表均提到，稳定的投资与政策环境、丰富多元的应用场景、持续突破的创 新技术与产品，以及香港作为国际化平台的独特优势，为国际长期投资人带来全球性机遇。 ...

陈家齐进一步表示，香港作为"超级联系人"及"超级增值人"，具备独特优势。香港作为国际高端人才集 聚高地、国际创科中心及国际金融中心，可高效汇聚人才、创科机遇及金融三大要素，这些优势能够支 持全球耐心资本社群实现发展目标。 香港财政司司长陈茂波在论坛上表示，地缘经济分裂将为全球增长及投资流向蒙上阴影，但当中亦有机 遇，随着供应链重整、各地推动关键工业本地化，在此过程中，耐心资本可为替代方案提供资金。耐心 资本既经得起经济周期起伏波动，同时也不会只着眼于利润，而是更着重于项目的目的及影响。 5月22日，香港投资公司行政总裁陈家齐在国际耐心资本论坛上表示，目前香港投资公司已经投资了超 过100个项目，其中人工智能及具身智能等是主要的增长点。在这些项目中，有5-10家公司有意向或正 在进行IPO，预计今年将会递交上市申请。 陈茂波表示，传统投资者对投资在项目早期阶段态度犹疑，因为这时期投资潜力最大但确定性最低。他 认为，为弥补这个融资链缺口，政府需要发挥主导作用，相信港投公司可以引导市场资本进入高潜力、 新兴产业。 陈家齐表示，耐心资本拥有前瞻性的愿景和能够经受时间考验的投资策略。而长期性趋势和结构性机 遇，特别是与 ...

Group 1 - The "International Patient Capital Forum" was held in Hong Kong, with participating institutions managing over $20 trillion in total assets, representing more than 50% of global GDP [1] - The CEO of Hong Kong Investment Management Company emphasized the importance of a global perspective and local knowledge in identifying investment opportunities, particularly in technology-related sectors [1] - Hong Kong is positioned as a "super connector" and "super value creator," attracting international talent, enterprises, and capital, facilitating investments in high-quality technology companies through its mature capital market [1] Group 2 - Hong Kong Investment Management Company, established and wholly owned by the Hong Kong SAR government, aims to utilize fiscal reserves for long-term investment returns while fostering a robust technology ecosystem [2] - The company currently manages HKD 62 billion, focusing on three main investment areas: hard technology, life sciences, and new energy green technology [2] - To date, the company has invested in over 100 projects, with a particular focus on artificial intelligence and embodied intelligence as key growth areas [2]

美联储哈玛克：美联储已做好准备保持耐心。 ...

通胀率预期仍然保持合理锚定。 美国克利夫兰联储主席Hammack：美联储处于可以保持耐心的有利位置。 ...

近日，近30家上市公司股东抛减持计划引发关注。在合法合规的框架下，大股东减持无可厚非。但作为 上市公司大股东，同时还承担着更多的社会责任，应该优先考虑长期持股，通过获取上市公司分红来实 现自己的投资收益，而非减持股份。惟有大股东带头做耐心资本，才能让广大的中小投资者持股更加安 心。 上市公司自身也应加强内部治理，提升公司的经营业绩和核心竞争力，增强大股东长期持股的信心。通 过优化公司战略、加强技术创新、提高管理水平等方式，为股东创造更大的价值。此外，还可以通过建 立合理的股东回报机制，如提高分红比例、实施回购等，吸引大股东长期持股。 大股东作为资本市场的关键参与者，应树立正确的投资理念，优先选择长期持股，以获取上市公司分红 来实现投资收益。只有大股东带头做耐心资本，才能让广大中小投资者持股更加安心，共同营造一个稳 定、健康、可持续发展的资本市场。 成为耐心资本，对于大股东自身而言，也是实现长期价值最大化的明智选择。短期内的减持或许能够带 来一时的收益，但从长远来看，可能会错失公司未来发展的巨大红利。那些具有核心竞争力和良好发展 前景的上市公司，其股价往往会在长期内呈现上升趋势。大股东通过长期持股，不仅能够分享 ...