Core Viewpoint - The article emphasizes the strategic significance of "technology finance" in China's economic transformation and global competition, highlighting the integration of finance and technology in fostering new productive forces and achieving high-quality development [2]. Group 1: Financial Empowerment in Emerging Industries - The government work report for 2024 highlights the importance of developing a modern industrial system and nurturing new growth engines, including commercial aerospace, which is now recognized as a representative of new productive forces [3]. - Beijing Xinghe Power Aerospace Technology Co., Ltd. has successfully launched rockets multiple times, positioning itself as a leader in the commercial aerospace sector, despite facing challenges such as a recent launch failure [3][4]. - Yuekai Capital's strategic investment in Xinghe Power is aimed at accelerating the development of commercial aerospace and supporting the construction of a strong aerospace nation [4]. Group 2: Long-term Investment Strategy - Yuekai Capital focuses on creating a value-creation loop that integrates capital patience, technological breakthroughs, and industrial transformation, emphasizing post-investment value creation rather than just financial returns [5]. - The company has made significant investments in the low-altitude economy and biomedicine sectors, including leading financing rounds for companies like Xiaopeng Huitian and Guangzhou Anjisheng, to support innovative projects and accelerate their market entry [6]. - The concept of "patient capital" is highlighted as essential for overcoming the challenges faced by technology companies, with Yuekai Capital adopting a long-term investment approach to foster sustainable growth [7][8].

Group 1 - The article emphasizes the strategic significance of "technology finance" in China's economic transformation and global competition, highlighting the deep integration of finance and technology in fostering new productive forces and achieving high-quality development [1] - Guangdong Kai Securities, through its wholly-owned subsidiary Guangdong Kai Capital, focuses on core areas of new productive forces such as renewable energy, biomedicine, commercial aerospace, and low-altitude economy, providing comprehensive services to innovative enterprises from startup to IPO [1][3] - The 2024 government work report includes commercial aerospace for the first time, marking it as a representative of new productive forces, alongside biomanufacturing and low-altitude economy [2] Group 2 - Beijing Xinghe Power Aerospace Technology Co., Ltd. (Xinghe Power) is noted for its successful rocket launches, having achieved 19 successful launches by May 2025, placing it among the top global commercial rocket service providers [3] - Guangdong Kai Capital made a strategic investment of 100 million yuan in Xinghe Power's C+ round financing, despite a recent launch failure, indicating confidence in the company's long-term potential [2][3] Group 3 - Guangdong Kai Capital emphasizes the importance of creating a value chain that includes "capital patience, technological breakthroughs, and industrial transformation" to support technological innovation [4] - The company focuses on post-investment value creation, integrating industry resources to help enterprises enhance their core competitiveness and achieve sustainable growth [4][5] Group 4 - In the low-altitude economy sector, Guangdong Kai Capital led a strategic investment in XPeng Heavens' B1 round financing to support the development of flying cars, with a manufacturing base set to be the world's first large-scale production facility for flying cars [4][5] - In the biomedicine sector, Guangdong Kai Capital led a B+ round financing for Guangzhou Anjisheng, aiming to accelerate the global development of innovative treatments for severe musculoskeletal diseases [6] Group 5 - The concept of "patient capital" is highlighted as a strategic choice in the current challenging macroeconomic environment, with Guangdong Kai Capital adopting a long-term value investment approach to support high-tech enterprises [7][8] - The company has been recognized in various rankings for its fundraising competitiveness and investment capabilities in the Greater Bay Area and growth-oriented investment sectors [7]