Ta Kung Pao reported that the "Series Lecture on Politics and Economics in Central and Western District" was held in Hong Kong on June 21st to discuss new development opportunities in Chinese modernization. ZHANG Zong, a member of the Central and Western District Council and the Deputy General Manager and Chief Investment Officer (CIO) of China Resources Capital Management Co., Ltd., stated that modernization with a vast population signifies a unified large market with the second-largest economy in the world, representing a middle-income consumer population of 400 million with household annual incomes exceeding RMB 100,000 , coupled with a continuous growth in household savings in China in recent years.
In terms of new development opportunities, ZHANG Zong pointed out that CR will continue to have a good view of the livelihood industry, especially those good products, services, new forms of business and new models that meet people's growing need for a better life. He emphasized that China's vast consumer population of 1.4 billion could accommodate various value appeals, and providing good service to the 400 million middle-income customers could generate world-class businesses.
Focus on the Opportunities in Semiconductors and AI Development
In specific areas, ZHANG Zong emphasized that CR has a keen interest in semiconductors and integrated circuits, artificial intelligence (AI), digital technology, new materials, new energy, and life sciences. In the future, it intends to strengthen its investments in emerging industries to foster significant growth and expansion. Concurrently, it aims to assist traditional industries in undergoing transformation and innovation, harnessing technological advancements to empower high-quality development and serve new consumer demands.
How to seize development opportunities? ZHANG Zong pointed out that cognition is paramount. By analyzing macro policies and conducting thorough industry research, the Company can gain a lead in the cycle. In addition, in the trading process, a thorough understanding of both domestic and international capital market regulations and tools is crucial for effectively managing the tempo of investment moves, whether advancing or retreating. Ultimately, the provision of value-added services must be aligned with the evolving demands of industrial development, leveraging well-established management systems to empower emerging industries.
ZHANG Zong expressed that he had confidence in China's future development and looked forward to cooperating with all industries to jointly practice the "Chinese modernization" development path and create a better future.
As a hub connecting the Mainland and overseas, Hong Kong has completed the legislation of the Safeguarding National Security Ordinance this year. YANG Chengwei, the Deputy Director of the Hong Kong Island Work Department of the Liaison Office of the Central People's Government in Hong Kong S.A.R., said that as Hong Kong is about to celebrate the 27th anniversary of its return, the implementation of "one country, two systems" has attained worldwide acclaim for its remarkable success, despite encountering numerous challenges and setbacks. The general public in Hong Kong has further realized that stability is the cornerstone for development.
[China-West Perspectives]The first lecture of "New Development Opportunities in China's Modernization" was jointly organized by the Central and Western District Councilor's Office of ZHANG Zong, the Central and Western District Councilor's Office of WU Ran, CR Capital, CR Capital MGMT, Bank of China (Hong Kong) and other Chinese-funded enterprises in Hong Kong.
