metaspinscasino| Qian Yujun, President of UBS China: Serving new quality productivity is the focus and driving point of financial support for industrial transformation and upgrading

thematicmetaspinscasino: Global Industrial Development Forum 2024

The Global Industrial Development Forum 2024 will be held from May 23 to 24, with the theme of new productivity leading industrial transformation and upgrading. Qian Yujun, President of UBS China and Chairman of UBS Securities, attended and delivered a speech.

Qian Yujun believes that serving new quality productivity is the focus and driving point of financial support for industrial transformation and upgrading. When talking about the relationship between new quality productivity and industrial transformation and upgrading, there is sometimes a misunderstanding that the focus of new quality productivity is to spawn new technologies and new industries. In fact, the core of new quality productivity is the new artery of economic growth. From the perspective of total factor productivity, better allocation of resources, including labor, capital, land, raw materials, technology and other aspects. Therefore, from the perspective of financial support, it is important to support the growth and growth of emerging industries, but it is equally important to empower the digital and intelligent transformation of traditional industries.

"In addition, sustainability can also be the goal of upgrading and transformation of traditional industries. Therefore, we should pay equal attention to the old and the new, take a two-pronged approach, and pay equal attention to both directions." Qian Yujun said.

When talking about emerging industries, Qian Yujun said that a lot of new productivity may come from the discovery of new disciplines and the innovation and utilization of science and technology. However, scientific and technological innovation often has relatively large investment in research and development and a long return cycle. For many scientific and technology-oriented enterprises, so-called angel investment, risky investment and private equity funds are more needed in the start-up era. In the stage of rapid development of the company, it is necessary to consider whether to list on domestic and foreign capital markets to raise equity funds to expand the scale of production or operations and enhance the influence of the brand. At the stage when the enterprise is gradually moving towards steady development, it may be necessary to allocate resources, promote corporate governance and resource integration, and sometimes it is even necessary to walk on two legs, expand the scale of the company through mergers and acquisitions, and make the enterprise bigger and stronger. The continuous innovation of financial institutions, flexible multi-level financing methods, financial services such as financing products and value-added financial advisers for mergers and acquisitions can bring value-added services to innovative emerging industry enterprises in this process and at different stages, helping them complete industrial upgrading and leading them to create new productive forces.

"In the past year, in addition to new productivity, the financial industry in which we are in has also been discussing another new word that has attracted great attention, that is, how to build China into a financial power. I think these two goals actually have a win-win relationship that complements each other and is positively related." Qian Yujun said that the financial industry provides factor support for the development of new productive forces, and the development of new productive forces puts forward new requirements on the capital market and the financial industry, which will also provide traction and motivation for us to build a financial power.

Sina statement: All meeting minutes are compiled in shorthand on the spot and have not been reviewed by the speaker. Sina posted this article for the purpose of conveying more information and does not mean that they agree with their views or confirm their descriptions.

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