Group 1 - The core viewpoint is that Temasek's investment strategy in China aligns with the country's transition from high-speed growth to high-quality development over the past two decades [1] - Temasek's investment approach in China has diversified, covering public market investments, private equity, special opportunity funds, and strategic partnerships [1] - The focus is on a dual-driven model of innovation and mergers & acquisitions (M&A), with mature companies entering a conducive environment for M&A to enhance operational efficiency [1][2] Group 2 - The unique demand-supply iteration ecosystem in China is creating a strong innovation flywheel effect, leading to the emergence of world-class leading companies and growth investment opportunities [2] - M&A is highlighted as a crucial function of the capital market, aiding in resource optimization and industry restructuring, while providing market exit and value rediscovery channels for listed companies [2] - Temasek aims to continue investing long-term, patient, and value capital to build a resilient and forward-looking investment presence in China, focusing on opportunities that align with investment trends [2]