Recently, Noah Wealth hosted the 20th Noah Wealth Second Guangdong-Hong Kong-Australia Forum. The former inspector of the Hong Kong and Macao Affairs Office of the Guangdong Provincial People’s Government, Lin Difu, executive director of the Guangdong-Hong Kong-Macao Cooperation Promotion Association of Guangdong Province, Guan Tao, former director of the International Payments Department of the State Administration of Foreign Exchange, and Cao Yi, founding partner of the source capital, and other government representatives and investors Representatives from the industry participated in the meeting to explore new investment opportunities in the context of Guangdong, Hong Kong and Macao.
Lin Defu delivered a speech at the opening of the summit. He said that financial cooperation is a key area for the liberalization of service trade between Guangdong, Hong Kong, and Macao. It is also an important focus for Hong Kong and Macao to accelerate the construction of the Dawan District and participate in the “Belt and Road”. Infrastructure, technological innovation, and strategic development in the Greater Bay Area. The development of emerging industries is inseparable from financial support.
Lin Defu pointed out that Guangdong, Hong Kong, and Macao Dawan District has the characteristics of large financial assets, strong financial resources allocation and complete financial infrastructure. It also has Hong Kong International Financial Center and two financial centers in Guangzhou and Shenzhen. “Therefore, we should firmly grasp the great opportunities of history and build a closer cooperative relationship for the Guangdong, Hong Kong, and Macao industries. Further, enhance the level of cooperation, build a financial science and technology innovation talent system, and adapt to play the role of finance in the ‘Belt and Road’ The supporting role of economic cooperation and exchanges along the line.”
Guan Tao, former director of the balance of payments of the State Administration of Foreign Exchange, said at the meeting that the challenge for China’s exports in 2019 was not trading friction but a slowdown in global economic growth and weakening external demand. Last year’s economic downturn in China was also not closely related to Sino-US trade friction. “The next step in China’s external shocks is to rely on the policy of expanding domestic demand. The policy response is: reform and opening up, expanding domestic demand, innovation and development, disintegration, and multilateral rules. The response of enterprises is: diversification of import and export markets, foreign investment Output capacity, actively develop the domestic market, and transform the way of foreign trade development.”
Noah Fortune South China CEO Chen Gang pointed out that Guangdong, Hong Kong, and Macau Bay Area has gathered a lot of top high net worth users. In 2018, the global capital market fluctuated and the Chinese economy entered a high-quality growth from high-speed growth. For the future investment ideas, Chen Gang gave three pre-judgments: First, in the long run, investment will defeat cash; second, any kind of assets, when adjusting its risk to a similar extent, the return Almost; third, in the case of any economic environment, there is always one type of asset that will defeat other assets.
Specific to the investment, the founding partner of source capital, Cao Yi, talked about some of the concerns of the current PE/VC investment. He believes that the second half of the Internet is more about its own ability to improve. We are in the second phase of the three phases of the industry, with sufficient capital, fewer opportunities and good assets. The requirements for managers are very high. For the peers and ourselves, the growing challenge is to adapt to the investment logic of the second half. From shallow sea fishing to deep-sea fishing, we can meet the challenges of the industry and explore more investment opportunities.