谈及小巨人企业在跨阶段发展中还需要被满足的需求，徐颖认为，技术创新与金融创新需深度结合。随 着技术持续发展，新的资产形态不断涌现，以卫星领域为例，当前全球卫星数量已达1万余颗，而十年 前仅为1千多颗，增长幅度十分显著。对于未来太空资产证券化的推进，以及以卫星为抵押物的金融工 具的开发，我们认为这不仅需要各类金融机构的积极参与，还需政策层面的引导与支持，包括在相关领 域突破现有框架、开展探索实践。因此，这类探索需要各方协同发力，共同推动相关工作逐步落地。 在科技金融领域，做好风险管理不仅需要政府部门主动作为，科技型企业作为重要参与方，同样需发挥 积极作用。结合银河航天的实践来看，徐颖认为，"技术创新是成本控制的核心方向。" 她举例说，在卫星测控环节，几年前需要工作人员全天候值守，即便过年期间也得安排多人盯守；而现 在通过软件迭代，引入AI和自动化技术，已实现智能化管理。卫星在轨运行若出现异常事件，系统会 根据问题类型和等级，按照预案进行初步处置，同时呼叫技术同事，若同事未接听，还会自动联系其主 管。这一转变不仅大幅减少了人力投入，也显著提升了生产效率。 21世纪经济报道记者 边万莉11月22日，为凝聚行业智慧、 ...

Core Viewpoint - The article discusses the evolution of safe-haven assets in the context of a complex global economic environment, highlighting the shift from traditional assets like gold to new alternatives such as energy metals and digital currencies [2][3]. Group 1: Evolution of Safe-Haven Assets - Historical evolution of safe-haven tools has undergone three revolutions, indicating a shift from physical assets to digital consensus [2]. - The current market faces a contradiction where the collapse of the old system outpaces the establishment of a new order, forcing capital to seek temporary refuge [2]. Group 2: New Types of Safe-Haven Assets - Energy metals are emerging as hard currencies in the context of green inflation, with global clean energy investment surpassing fossil fuels at $1.8 trillion [3]. - The financial attributes of these metals are strengthening, as evidenced by the correlation of copper inventory to price dropping from 0.68 to 0.21, indicating a shift towards strategic reserve asset logic [3]. - Bitcoin's institutional holding has reached 36%, but its high annual volatility of 48% still deters conservative investors, leading to the emergence of new crypto assets that aim to differentiate between risk and safe-haven assets [3]. Group 3: Alternative Sovereign Assets - The decline of traditional safe-haven currencies like the Japanese yen and Swiss franc is noted, with small country currencies rising due to resource endowment and digital infrastructure [4]. - The total market capitalization of cryptocurrencies has surpassed $4 trillion, making it comparable to the fourth-largest stock market globally [4]. - The demand for lithium is projected to grow 42 times by 2030, with 70% of reserves concentrated in "lithium triangle" countries [4]. Group 4: Capital Flows and Sovereign Wealth Funds - Tracking global sovereign wealth funds reveals a trend of seeking new frameworks for risk diversification as traditional asset correlations rise above 0.8 [4]. - The Norwegian government pension fund has increased its copper futures allocation from 0.3% to 2.1% [5]. - Saudi Arabia's Public Investment Fund is establishing a $30 billion space technology fund, indicating a strategic shift towards innovative asset classes [5]. Group 5: Survival Strategies in the New Safe-Haven Era - Investors are advised to build a three-dimensional defense system, focusing on risk, time, and space dimensions [5]. - Short-term strategies include increasing exposure to energy metal ETFs and digital stablecoins, while long-term strategies involve investing in disruptive technologies like nuclear fusion and quantum computing [5]. - Geographic safety zones should maintain a minimum of 15% in physical assets, with digital asset wallets diversified across at least three jurisdictions [5].