Experts From Home And Abroad Gathered In Nancai International Forum To Discuss The New Development Trend Of Capital Market In Post Epidemic Era

Editor's note

A sudden outbreak of the new epidemic has disrupted the pace of the world's progress. Towards the end of the year, China's economy has gradually recovered. And the future of the global economy is uncertain. In this context, based on the bay area and looking around the world, the South International Forum on finance and economics has gathered Chinese and even world-famous academic and business leaders to jointly discuss "new pattern, new market and new challenge - global capital choice and breakthrough in the post epidemic era".

The year 2020 will be a year full of challenges and changes for China's and even the world's economic system, as well as a year full of opportunities and starting a new round of abrupt changes in the economic system.

Under the influence of the epidemic situation, how to choose and break through the global capital, and how to rely on the help of the capital market to grasp the "opportunity" in the "post epidemic era" have become an important topic of global market attention.

On November 28, the "Southern finance and Economics International Forum 2020 annual meeting" was held in Guangzhou Poly Intercontinental Hotel, jointly sponsored by the headquarters of Guangdong, Hong Kong and Macao big bay area of China Central Radio and television, and hosted by the 21st century economic report.

At the forum, Peng Jianming, deputy editor in chief of CCTV and general manager's office of China Central Radio and television, Liu Hongbing, executive vice minister of Publicity Department of Guangdong provincial Party committee, and sun nianrui, deputy director of Supervision Department of listed companies of China Securities Regulatory Commission, delivered speeches.

Under the background of the new global financial situation, the forum focuses on how to seize the opportunities brought about by the new global financial situation. On the same day, top 500 listed companies from the global capital market, high-tech companies from the global capital market, high-tech companies from both domestic and foreign markets gathered together to discuss the development trend of global capital market and high-tech enterprises.

On the spot of the 2020 annual meeting of the South International Forum on finance and economics. Photo by Gan Jun

Opportunities and challenges of listed enterprises under "double cycle"

At present, the global political economy is facing "a great change not seen in a century". The impact of the epidemic and the complex changes in international political and economic relations have brought China's social economy to a new historical juncture. The proposal of the "double cycle" strategy, which takes the domestic big cycle as the main body, and the domestic and international dual circulation promote each other, means that China's future development will face a new mode and form a new pattern.

In this context, Xiao Gang, former chairman of China Securities Regulatory Commission, shared his thoughts on the construction of Guangdong, Hong Kong and Macao Bay area at the Forum on the same day. Focusing on the "double cycle" strategy of "taking the domestic big cycle as the main body and promoting the domestic and international dual circulation mutually", Gao Peiyong, vice president of the Chinese Academy of Social Sciences, member of the Party group and member of the academic department, emphatically analyzed the deep-seated logic of building a new development pattern at the current time point.

As the elite main body of Chinese enterprises, how to implement the "dual cycle" strategy, improve the quality of development, overcome the core technical barriers, contribute to China's economic transformation and upgrading, and achieve high-quality development, has also become a hot topic for guests.

Sun nianrui, deputy director of the supervision department of China Securities Regulatory Commission, analyzes the development trend of listed companies from the perspective of improving the quality of listed companies. Tang Rui, member of the Party committee and deputy general manager of the Shenzhen Stock Exchange, Li Haichao, member of the Party committee and deputy general manager of the China Financial Futures Exchange, and Huang Liping, member of the Party committee and Deputy Secretary General of the China Securities Investment Fund Association, also shared their insights from their respective fields of expertise.

During the "dialogue between representatives of global exchanges and high growth enterprises in Dawan district", Han Yingjiao, senior vice president of global listing Services Department of Hong Kong stock exchange, Mr. Edwards, chief representative of China region of London Stock Exchange, and his hometown, chief representative of Beijing Office of Tokyo Stock Exchange, respectively had video exchanges. Yang Xu, chief representative of China region of NYSE, and Beijing Office of Singapore Exchange, respectively Xie caihan, the chief representative, and WAN Jianqiang, general manager of the South Center of Shanghai Stock Exchange, and other guests gave detailed introductions on how domestic companies, including enterprises in Dawan District, can improve their development quality with the help of the capital market.

Duan Yu, chief strategic resource officer of Guangzhou Shiyuan Electronic Technology Co., Ltd., Zhang Minya, President of Shenzhen Gaodeng Computer Technology Co., Ltd., and Wu Hua, Director Secretary of hiploos Biotechnology Co., Ltd., talked about how to further improve the quality of enterprise development with the help of capital market.

At the theme forum of Listed Companies in the afternoon of that day, representatives of listed companies from various industries in China further shared their thoughts on implementing the new development concept and building a new development pattern under the "double cycle".

Zou Chao, CFO and vice president of Yuyuan, said that under the "double cycle" pattern, the three waves of cultural dividend, industry city integration and industry c2m are pushing the enterprises forward. Yu Wei, general manager and chief engineer of evert robot, also said that under the background of double circulation, it is a challenge and an opportunity to use the new generation of intelligent industrial robots to boost the transformation and upgrading of the traditional manufacturing industry with a large number of areas and stimulate the incremental market.

In addition to the above guests, Zhang Yipeng, vice president of Yili Group, Yu Rong, chairman of meinian health and Tianyi group, and Lei Jie, chairman of Zhongcai Longma capital, also had an in-depth exchange on capital selection and enterprise selection under the background of "double cycle". Yang Zhiguo, the former Deputy Secretary General of the Chinese Institute of certified public accountants and the executive director of Lixin certified public accountants, analyzed the significance of strengthening the quality management of listed companies from the perspective of accountants.

At the same time, representatives of listed companies, securities analysts and banking industry also had a profound discussion on "sharing consumption upgrade bonus" and "enterprise technological innovation under the dual cycle pattern" at the Forum on the same day.

Looking forward to the new trend of asset management in the new era

The new situation brought by the epidemic not only affects the listed companies, but also ushers in new variables and development opportunities in the post epidemic era.

Christopher Pissarides, a professor of economics at the London School of economics and winner of the 2010 Nobel Prize in economics, shared a series of new observations and discoveries after the outbreak of the new epidemic on the basis of a series of changes in social and economic development caused by new technological elements such as artificial intelligence and robots.

Macbeth, President and general manager of Wanxin investment, also from overseas, described in detail how foreign institutions would seize the new opportunities brought about by China's financial opening up and see China as a leader in the post epidemic recovery of all major economies.

In terms of domestic institutions, Zhao Xiaoguang, director of Tianfeng Securities Research Institute, planned two major science and technology investment lines, namely mobile Internet dividend and accurate data, for investors at the meeting.

While sharing new investment opportunities in the post epidemic era, at the main forum of "new trends in China's asset management in 2021", the participants also analyzed the new situation faced by the asset management industry.

As a representative of public funds, Jing Lei, general manager of Harvest Fund, suggested that fund companies should build asset management with customer demands as the core. Wang Qingze, President of Shanghai Chongyang Investment Management Co., Ltd., a well-known private placement company in China, believes that the regulatory authorities promote the solution of long-term capital investment in private equity funds, providing new development opportunities for the industry.

Shen Bingxi, representative of bank asset management, external supervisor of industrial and Commercial Bank of China Limited and inspector of financial market department of the people's Bank of China, introduced the current situation and future prospects of the bank's financial management subsidiary. Huang Xiaowen, chairman of Dongguan trust, explained the trust responsibility under the new pattern of asset allocation. Cui Xiuhong, vice president of Wanlian securities, has made an analysis from the perspective of building the core competitiveness of securities companies' asset management differentiation.

The forum also attracted a number of foreign capital management institutions. Abiana fedeli, head of hobo global fundamentals, said in a video speech, "China is one of our most important business areas. Although China still faces many challenges in improving its corporate ESG image, progress has been made, and progress is very fast. "

Stuart Mercier, managing director of Bofeng asset and head of China, talked freely about the topic of accelerating the pursuit of yield in the environment of long-term low interest rate. Chen Zhanglong, general manager of UBS asset management (Shanghai) Co., Ltd., said frankly that with the cancellation of QFII and rqfii quota restrictions, overseas capital investment in the domestic market in the future will present a process of explosive growth in both quantity and quality.

In addition to the above guests, representatives from domestic public private equity and securities companies also had a wonderful discussion on the two themes of "new trend of China's asset management in post epidemic era" and "trend of major asset allocation in 2021" at the forum.

What is particularly noteworthy is that this year's South International Forum on finance and economics also held for the first time the institutional investors forum and the award ceremony for gold medal analysts in the 21st century in 2020. It is reported that more than 1100 analysts, including 24 securities companies, participated in the selection, and more than 600 institutional investors from 55 institutions, including public funds, banks and bank financing subsidiaries, insurance and insurance asset management companies and private equity funds, participated in the voting.

The award ceremony on the same day involved 27 sub industries of three major research fields and seven industry research directions, and added "wholesale and retail", "e-commerce", "semiconductor", "consumer electronics" and "new energy vehicle" industries. At the same time, this year's selection also set up a gold medal research team award, gold medal matador award, Research Report Award, the most popular research team award and other big awards. Among them, the most powerful gold medal research team this year was won by Changjiang Securities, and the most potential research team was Huachuang securities.