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Zhang Zong, Chief Investment Officer of China Resources Capital Management Co., Ltd.: Technology power, capital engine and market are the three essential factors for mature international science and technology innovation centers

author:21st Century Business Herald
Zhang Zong, Chief Investment Officer of China Resources Capital Management Co., Ltd.: Technology power, capital engine and market are the three essential factors for mature international science and technology innovation centers

Zhang Zong Chief Investment Officer of China Resources Capital Management Limited. Infographic

The formation of a mature international science and technology innovation center requires at least three factors: scientific and technological power, capital engine and market.

In terms of scientific and technological power, the cities of the Guangdong-Hong Kong-Macao Greater Bay Area have many university institutions and research institutions, which provide very good support for basic research and applied research.

At the same time, a good capital engine is indispensable. If technology cannot enter the market, from an investment point of view, if it cannot generate income, then the closed loop cannot be formed. In the Greater Bay Area, a large number of venture capitalists are looking for opportunities to help promote the entire science and technology innovation process, while the diversified and multi-level capital market portfolio such as the Shenzhen Stock Exchange and the Hong Kong Stock Exchange provides investors with a good exit channel.

In addition, the Guangdong-Hong Kong-Macao Greater Bay Area is linked to a huge international and Chinese mainland market, not only leading enterprises of science and technology innovation, but also people's livelihood enterprises such as China Resources, which can provide a very good foundation for the virtuous cycle of the construction of international science and technology innovation centers in the Bay Area through industrial docking.

Although China Resources is a people's livelihood-oriented business group, it also promotes scientific and technological innovation through internal institutions such as China Resources Science and Technology Committee and China Resources Science and Technology Association. Internally, it helps CR's mature industries to transform and innovate, and externally provides external partners and invested enterprises with RICH industrial soil for CR to grow together.

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