On June 19, 2020, the 2nd Oceanpine Capital Investment Salon, "Sino-U.S. High-tech Industry Investment under the COVID-19 Economy" was successfully held in China Century Building in Beijing.
This salon invited three industry leaders as the keynotes speaker— Mr. Bing Hu, the President and Co-CEO of China-Russia Strategic Investment Fund; Dr. Bo Zhu, the General Manager of Lam Research Capital Asia Pacific, and Dr. Lei Yang, Managing Director of Northern Light Venture Capital. The investment salon hosted by Dr. Dongjun Ma, the Managing Partner of Oceanpine Capital. There were more than 60 guests at the event and more than 70 guests in the investment community and industry participated in the event.
The COVID-19 has inflicted a strong impact on China and the world economy. Since the epidemic has developed, how to deal with the technological changes in the post COVID-19 era and its subsequent development have attracted extensive attention. At the event, distinguished guests shared their views on Sino-US high-tech industry investment from the perspectives of past, present and future, as well as cross-border investment, cross-border cooperation, and equity investment.
Mr. Bing Hu believes that the decoupling of China and the United States is a big trend, but it is impossible to completely decouple some industrial links. Personally, he is optimistic about the overall economic situation. In the field of AI, the way that AI enters people's life is similar to the way that the Internet enters people's life. In the future, it will change people's life greatly. In the field of Healthcare, the total value of China's pharmaceutical and medical industry is 100 times larger than that of the US. However, our GDP has reached 2/3 of that of the US, which means that we may have 60-70 times the market growth. In the field of cloud computing, if China and the United States decoupled in the future, China will pay more attention to independent brands, and domestic companies related to cloud computing will have great opportunities.
Dr. Bo Zhu believes that the subprime crisis 12 years ago, people think that the crisis was only in the financial sector, not panic, but to create opportunities. After 12 years, the COVID-19 outbreak, people are "constant" thinking about creating opportunities, but become panicked, scared of "survival". The investment logic of Sino-US high-tech industries in the COVID-19 economy has three aspects. The first is Maslow’s demand. The first three levels (physiology, security, emotion, and belonging) will be the dominate in the next 3 to 5 years. The corresponding investment fields include cloud, security, Medical treatment, munitions, personal defense, service, socializing. Second, we should pay attention to the most cutting-edge, research and explore the cutting-edge technologies, and understand the basic strategies in the future. Third, they may find problems and discover opportunities one cycle earlier than others when they look at problems with cross-border thinking.
Dr. Lei Zhang emphasized that the current COVID-19 is just an episode, and Sino-US confrontation is the core issue, which is a multi-dimensional war of technology and finance. China has a rich talent pool and is the only economy in the world that has both the quality of its talent and the quantity. From software to systems, to operating systems, embedded software and semiconductors, China has talents in the whole industry chain.
The future of China will be very bright. For the first time, we have seen changes in various areas (AI, blockchain, cloud computing, etc.). Just as Oceanpine Capital focuses on technology and healthcare, it’s more desirable to see what chemical reactions will occur when information technology and life sciences are combined.
Go against the tide , there are crises and more opportunities. During the nearly three hours of heated discussion and interaction in the 2nd Capital Investment Salon 2020, everyone is more confident in the future development. Oceanpine Capital will practice the concept of research driven and commit to long-term value investment.
Source: Oceanpine Capital
