Jin Haitao: As A Chinese, We Should First Support The Development Of The Backbone Industry.

Beijing time June 4th morning news, general manager of Shenzhen Venture Capital Hai Tao Jin Speaking at the twelve China Venture Capital Forum held in Shenzhen today, he said that Shenzhen Venture Capital focused on 8 aspects in the field of emerging industries, including information technology, bioengineering, new energy, equipment manufacturing and new materials. For the high-tech industry of independent innovation, 75% of the 280 projects invested by Shenzhen Venture Capital Company in the past 10 years are in this area. industry At the same time, at the same time, in the 16 capital markets of the world, there are 60 projects, IPO, and 75% in the industry.

Jin Haitao believes that as a Chinese, we should first support the backbone. industry Development.

The following is the full text of the speech:

I would like to say a few words from another point of view, that is, what aspects of our venture capital are concerned about the emerging industries, because this topic is also very large, so it can only be a brief introduction. I have listed 8 aspects. The first is the high-tech industry of independent innovation, which focuses on information technology, bioengineering, new energy, equipment manufacturing, new materials and so on. I think this industry is the most important. China's high-tech industry should be the first priority.

In the 10 projects invested by Shenzhen Venture Capital Company in the past 280 years, 75% are in this industry. So far, we have 60 projects in the 16 capital markets of the world IPO, and 75% in this industry. We believe that as a Chinese, we should first support the development of backbone industries. In this industry, our view is the protection of intellectual property rights, that is, your patent deadline and so on. If your threshold is high or not, you can't be a threshold. Your alternative research is called substitution. You replace others, revolutionaries, if you are replaced by others, they are revolutionaries, we certainly hope that revolutionary people do not want to be revolutionaries, and its ceiling effect, that is, how big the market space is.

We also felt that we should invest in stars and young children instead of going to golden bulls. Thin dogs don't vote for everyone, and we don't vote for Taurus. We should also pay attention to whether they are affected by the economic environment. Is there a big impact on the environment? I think the environment is affected by two factors. One is that the industry is small and the environment is relatively small. For example, bioengineering is less affected by the environment. On the other hand, we think that there are still some enterprises that are relatively competent. In this financial crisis, we see that some enterprises in the most affected industries are developing rapidly. This phenomenon shows that when the economic environment changes, the individual demand of reducing demand will still be concentrated in a few areas, so we should have a vision to find these strong enterprises.

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The second aspect is the spanformation and upgrading of traditional industries. We think that the spanformation and upgrading of traditional industries is very important. China's venture capital should be supported as a key point, and we have made many explorations in this aspect. In this respect, our experience is the attitude to be resolute, that is, the choice of the enterprises in spanition, you must have a clear attitude, unswervingly, without hesitation, and can not stop because of setbacks.

The second is the consolidation of the foundation, that is, the original industry should build a good foundation, including adequate preparation, that is, in the talent market, there are also necessary support, such as the two spanformation enterprises we invested in, the Qin Shang photoelectric in Dongguan, the venture capital invested in 3 times of its funds, and the total support of six or seven billion dollars is very important for its spanformation and upgrading. There is also a connection between them. We think that the spanformation and upgrading enterprises are going to change to what direction they can not be completely irrelevant to themselves. You should be a natural and logical person, but it is a shift to a higher level. Of course, there are path science and so on. I think we should pay much attention to this aspect.

The third aspect is the application of the Internet. Therefore, the Internet is still in the ascendant, and there are still big opportunities. From the current several aspects of the Internet, from the perspective of the portal, we believe that there may be room for expansion of the community type, and a large portal website has formed a pattern. The development of mobile Internet is very large, so we should pay more attention to mobile phones, as well as other mobile terminal products and the integration point of the Internet. At this point of integration, new ideas and new ideas can bring big business opportunities.

The third is electronic commerce. We see that these years, basically the speed of development is doubling development. In 2009, the volume of online shopping reached about 260000000000, and the spanaction volume in 2010 is expected to reach 400 billion. Generally speaking, the estimate in the first half is conservative, and in the second half of the year, it will surpass such data. We believe that in terms of electronic commerce, one is the spanaction, the other is the payment. The space of these two links is infinite. I also think that in the future, there will be only two things in the field of business circulation, one is electronic commerce, the other is logistics, and other traditional modes may be eliminated.

In this aspect of online games, we believe that this is the most successful area of the Internet. We should pay attention to its development. In this field, we find that the rising trend of competitive leisure sports embodying health. Moreover, we believe that the emphasis of online games is to improve health, that is, from the small to the Dacheng development. We have judged the health of the Dacheng company. This has also aroused many people's reflection. I strongly support the online game companies listed in the capital market, and guide them to develop healthily through listing. We also promoted the first online game company listed on the gem. After seeing the listing of the company, many online games companies are developing healthily in content and improving their grades. I think the industry still has great opportunities for development.

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We also believe that in the online video industry, due to the three networks convergence and some reform measures of the country, it may make new breakthroughs in the industry. At present, big breakthroughs have not yet appeared, so there is still a chance. I also mentioned that the Internet should be combined with traditional manufacturing industries. This combination will accelerate the landing of the Internet and accelerate the upgrading of manufacturing industry. We can see that some new media have great opportunities for development in such a convergence.

The fourth aspect is the cultural creative industry, which is divided into 3 aspects according to the business mode. Let me give an example, for example, for the movie industry, production belongs to the content provider. As the Huayi Brothers do, the issue is equivalent to the channel providers. Like the Baoli Warner, if it is a comprehensive service provider, we think it is a cinema, like the Wanda cinema. According to the business mode, the creative industry is divided into three aspects. The biggest requirement of these three aspects is to have refined tastes and common tastes. Therefore, the best entrepreneurs in cultural start-ups are business savvy artists.

The fifth is chain service enterprises. This is also new because in the past, businesses in China were single stores. These years, chain services have made great progress.

The sixth aspect is agriculture. We also see that agriculture attaches great importance to the state. We also think that agriculture is pregnant with great opportunities. I personally think that the current situation is small, but its development space is very large. The second is that spanactions are more special. It is cash spanactions, and many of them are biological assets. It may change. This should be viewed from different perspectives. The changes in the industry are relatively small, which may bring great difficulty to innovation. At the same time, its gross profit margin is relatively low, which is a common phenomenon, many rely on subsidies. Therefore, we believe that first of all, we should not look at agriculture from the perspective of industry. This is not just the investment department, but also the regulatory authorities.

The seventh aspect is new energy and environmental protection. Now everyone talks about low carbon, and the new energy and environmental protection industry has a relatively high valuation. I think it is very important. I think we should focus on investment driven and complementary.

Finally, business model innovation. You may be a traditional thing, but through innovation, this thing has been upgraded.

We should encourage you to innovate more. Thank you, because it is more specific and not necessarily right. Thank you!