Core Insights - The Chinese aerospace industry is experiencing rapid growth, driven by significant advancements in technology and strong support from investment institutions [1][2][3] - Investment institutions are playing a crucial role in fostering the development of aerospace companies, particularly through early-stage investments and strategic support [4][5][6] Policy Support - The Chinese government has consistently positioned aerospace as a strategic emerging industry, with numerous policies aimed at promoting commercial aerospace and low-altitude economy [2][3] - Recent policies, including the inclusion of commercial aerospace in government work reports, have laid a solid institutional foundation for high-quality development in the aerospace sector [2][3] Investment Opportunities - The commercial aerospace sector is projected to grow significantly, with global revenue reaching approximately $298 billion in 2018 and a compound annual growth rate of about 7% over the past five years [3] - Investment institutions are optimistic about the prospects of the aerospace industry, particularly in areas such as civil aviation, commercial space demand, and low-altitude economic scenarios [2][3] Capital Empowerment - Investment institutions emphasize the importance of a multi-tiered financing system to support aerospace development, including early-stage investments and public fund participation [4][5] - The concept of "patient capital" is highlighted, as the aerospace industry often requires long-term support for technology commercialization and industrialization [4][5] Successful Investment Cases - Notable investment cases include Galaxy Aerospace, recognized as China's first aerospace unicorn, and Blue Arrow Aerospace, which has developed key technologies in liquid rocket engines [4][5] - Investment institutions have also engaged in various projects across the aerospace value chain, driving innovation and collaboration among upstream and downstream enterprises [5][6] Future Trends - The satellite internet sector and low-altitude economic opportunities, such as drone logistics and eVTOL, are identified as key investment areas for the future [6][7] - The year 2025 is anticipated to mark a significant milestone for the low-altitude economy, with expectations for the commercial operation of eVTOLs [7][8] Collaborative Efforts - Investment institutions are encouraged to strengthen partnerships with research institutions and universities to enhance innovation and technology transfer [8] - The collaboration between public and private investment entities is seen as essential for discovering quality projects and fostering a healthy cycle between primary and secondary markets [8]