Chen Dongsheng: Chairman of Yabuli Forum, Founder, Chairman and CEO of Taikang Insurance Group
The era of making big money and making quick money is over. The era of making long money and making slow money, belonging to a really good enterprise and a truly competitive enterprise has just arrived.From February 21st to 23rd, the 24th Annual Conference of Yabuli China Entrepreneurs Forum was held in Yabuli, Heilongjiang. Chen Dongsheng, chairman of Yabuli Forum and founder, chairman and CEO of Taikang Insurance Group, made a closing speech, and Chen Dongsheng proposed that China's economy has entered a period of transition"The biggest characteristic is that from the past high-speed economic growth into a medium-low rate of economic growth, medium-low rate of economic growth has entered an era of low interest rates, and the era of low interest rates will bring about a low-income era, the essence of which is a great economic transformation." For enterprises, from an era of making a lot of money and making fast money to an era of making long money and making slow money, the era of a really good enterprise and a truly competitive enterprise has just arrived.
The following is the content of Chen Dongsheng's speech (edited).
* It should be a good situation of two-way interaction and common development with enterprises, which is one of the most important expectations and expectations for the future development of China's economy.
Looking back on the two-day forum, on behalf of our organizing committee and the forum, I would like to thank Secretary Xu and Governor Liang of Heilongjiang, as well as our core leaders of Heilongjiang. Therefore, this time the ice and snow activities out of the circle have greatly improved the reputation of Yabuli, the entire Heilongjiang and Harbin in the country and even in the world, which will surely promote economic and social development.
The biggest feature of this forum, as you can see, is that it comes from Yabuli's "thought changes the world", so creating ideas is the most powerful driving force for human beings to continue to progress and develop, which is also Yabuli's positioning.
In 2008, we solved the positioning of Yabuli, and since then Yabuli should be said to be steady, that is, ideological, constructive, especially constructive, which adds up to positive energy. Therefore, Yabuli has always been one of the strongest voices of Chinese entrepreneurs, Chinese entrepreneurship, the times, the country and the nation closely linked with economic and social development, which is the power of thought.
This forum is most focused on two aspects, one is the impact of AI on human beings and society, from our opening ceremony to the closing ceremony, including the Business Mind Forum, are AI technology and human nature and the impact of AI development on society, in fact, recall the progress and development of science and technology, whether we talk about agricultural civilization, industrial civilization to information civilization, in fact, it is actually to solve the problem of extending people instead of human physical strength, which is the industrial revolution.
Today's information revolution is to replace our mental power, and the entire scientific and technological progress is a process of human beings lying flat, that is, to replace our physical strength through the industrial revolution, and this information revolution AI is a revolution to replace the entire intellectual and mental power.
What's next? There is also a very important development direction, which is to extend people's lifespan, which is the development of life science and medicine, especially the cognition of the brain.
Today, we have begun to enter the era of transformation of the post-industrial service industry, and I think this is also a very important change, that is, China has basically completed industrialization and urbanization, and has entered such an era of economic transformation as the development of the post-industrial service industry"The biggest characteristic is that from the past high-speed economic growth into a medium-low rate of economic growth, medium-low rate of economic growth has entered an era of low interest rates, and the era of low interest rates will bring about a low-income era, the essence of which is a great economic transformation."
In the past era, the characteristics of enterprise development is to occupy the mountain as the king, galloping, savage growth, rapid development, diversification, high leverage, resource-based, the past enterprise state is such a form, today's economic transition after the enterprise is facing great transformation and challenges, today to be able to dominate the market, but also to be able to continue to develop the logic of the entire enterprise behavior has undergone a fundamental change.
The current road of enterprise development should take the road of the head enterprise, which is to focus on the main business, focus on professionalism, efficiency-driven, innovation-driven, innovation-driven efficiency progress, continuous long-termism brings professional accumulation, innovation efficiency double drive, become the head of the market segment, become the head of the industry, and become the head of the super track.
In the past, the growth of our entire economy relied on real estate, land finance, and continuous financial lending, which formed this prosperity. Therefore, in the past, the investment of our insurance companies was basically in real estate, finance, and consumption, and today, the investment model has undergone a fundamental change, to find a new track, science and technology is a new track, and double carbon new energy is a new track, and now that human beings have entered the era of longevity, big health is a super track, so I talk about double carbon + technology, big health + consumption, which is a new track.
The logic of the entire industry, investment, and income has changed, and today it is a leading company active in society. That's why I say this is the era of low-to-medium economic growth, low interest rates, and low yields, which is what we talked about in the pastThe era of making big money and making fast money has entered an era of making long money and making slow money, and the era of really good enterprises and truly competitive enterprises has just arrivedThe past is our big era, the times have given birth to a large number of people, today you do not have the core competitiveness, do you have a strong risk control ability, do you have a strong ability to innovate, whether you can refine, professional management, you do not have a high efficiency, you have to face these problems.
We are now very popular in a word called "involution", why it is popular, is that the incremental era is over, and we have entered an era dominated by stock, and the era of stock-based is to reorganize and arrange in a limited market.
Only those who focus on the main business, focus on professionalism, and only those enterprises with high efficiency and strong innovation ability can be independent in the market.
In fact, we have to look back at the era of real enterprise growth, the era of really good enterprises, and the era of real skills has just begun. This is our dialectical understanding of the current environment, the economic situation and the development of our enterprises.