2022 Tsinghua Wudaokou global financial forum officially opened on the 16th. Wang Jianzhou, former chairman and President of China Mobile and former president of China Association of listed companies, said in a speech on the 17th that at present, the main characteristics of digitization are several aspects: online, intelligent, virtualization and cloud. Digital transformation needs the support of science and technology. Digital transformation can also promote the development of science and technology. New technologies promote one wave after another and need the continuous support of the financial system. For investors, they should pay attention not only to short-term interests, but also to long-term development.
How to boost the development of scientific and technological innovation? Wang Jianzhou put forward three suggestions:
first, finance should support forward-looking scientific and technological development now it is more and more urgent to feel that the technology is developing rapidly. 5g has just been applied, and 6G will come soon. Indeed, every update is ten years. After developing a technology or building a large network, it will be updated in ten years. Therefore, I hope to have this vision in financial investment and be able to invest in some long-term projects.
Investors are very concerned about unicorns and hope to pay attention to some fast-growing Unicorn enterprises as well as some enterprises that need long-term investment to achieve results. Now it seems that some “neck” projects basically require long-term investment to achieve results. For example, semiconductor chip manufacturing requires not only a large amount of investment, but also a long-term investment, because its technology update speed is too fast. If it does not make long-term investment, it will soon become backward. At the same time, we also need to support some “elephant” enterprises, which are developing slowly, but they also urgently need more investment. For entrepreneurs, we need a forward-looking vision. For investors, we should not only pay attention to short-term interests, but also pay attention to long-term development. Wang Jianzhou shared his observations. In the telecommunications industry, some internationally famous industry giants have declined. The declining enterprises have one thing in common, that is, once their performance declines, what they do is not to strengthen investment and increase technical personnel to strengthen R & D. almost everyone does the same thing. First, large-scale layoffs, including cutting off some high-end R & D personnel; Second, sell assets, and sell high-quality assets. When there is a problem, first sell the best assets. Therefore, in essence, there is a factor in the decline of these enterprises, that is, shareholders pay too much attention to short-term interests.
second, maintain the advantages and make up for the shortcomings we should continue to support advantageous enterprises, and vigorously support and make up for weaknesses. China has obvious advantages in scientific and technological innovation. It is in a leading position in 5g network scale, user scale and 5g application. It can be predicted that the return benefit of 5g investment will be stronger year by year. China also has obvious advantages in manufacturing industry and has a certain foundation. First, there are hundreds of thousands of mobile phone manufacturing engineers in China; Second, huge market support; Third, a sound supply chain system. It is hoped that the financial industry will continue to increase support in this regard and investors will continue to increase investment, because this advantage is very valuable.
Of course, we can’t ignore that Chinese enterprises have a large number of short boards. At present, the main short boards are chip manufacturing and operating system. At present, Chinese enterprises are trying to overcome the short board. At a time of drastic changes in the global supply chain, it is more important to make up for the short board. Therefore, many enterprises are overcoming difficulties and making up for the short board through innovation, which especially needs the support of investors.
third, support the application and promotion of new technologies , not only support new technologies in manufacturing, but also support various products. The application is also a large market. The value of new technologies should be reflected from the application. For example, among the total value of 5g, its application value should exceed 90%, and the value of network should be less than 10%. From the current situation, 5g network has been established, and there are more and more 5g application projects. However, at present, the promotion speed of applications is not fast, and there is little research and development for consumer applications. Therefore, the potential of 5g network has not been fully brought into play. Funds are needed to support the research and development of applications, and innovative models are also needed to support 5g applications.
