Editor's note: Sending away the challenging year of 2023 and ushering in the hopeful New Year of 2024, Yao Shangkun, chairman of Guoxiong Capital, made it clear that he will continue to insist on being a responsible company worthy of long-term trust from all parties with his own high-quality development, and serve the investor-oriented capital market construction and high-quality economic and social development.
Looking ahead, Yao Shangkun believes that the rigid demand for drugs for hypertension, heart disease and diabetes will continue to grow, and Guoxiong Capital will focus on investment opportunities related to hypertension, heart disease and diabetes. At the same time, we will pay close attention to the changes in the factors that drive industrial growth, focus on the impact of science and technology, data and environment on industrial growth, firmly grasp the main channel of investment, aim at the world's frontier of science and technology, lay out the main battlefield of the economy, take it as our responsibility to meet the major needs of society and people's lives and health, invest in China, empower small and medium-sized enterprises, and strive to achieve a great venture capital industry in China, and bring a better future to the country and the people.
Yao Shangkun, Chairman of Guoxiong Capital.
The following is the full text:
countryXiong CapitalChairman Yao Shangkun: The bright future of big health and capital market
In 2023, which has just passed, we have shown tenacious vitality. Instead of holding back from the difficulties, we are more determined to participate in the investment. Our regional layout is more complete, and our investment values are clearer. In terms of fundraising, investment, exit, and distribution, Guoxiong Capital has made significant progress. We have made more than 18 investments, with more than 90% of key core technology projects invested, 3 companies have exited through mergers and acquisitions, and various business data have reached a record high.
At the same time, we must also note that profound changes are taking place in the pattern of relations between major powers. China's rise has become an irresistible force, which brings new opportunities not only to China but also to the world. With the rise of China, the global industrial division of labor system and organization are also undergoing profound changes. China's science and technology are self-reliant and self-reliant, and the self-improvement of the industrial chain has become the responsibility of the times. At the same time, people's consumption habits and behavior patterns are also changing, making good use of the international and domestic markets, and integrating into the international and domestic cycles has become a proper move.
Now, we have sent off the challenging year of 2023 and ushered in the hopeful New Year of 2024. At this new starting point, let us continue to learn and innovate together, adapt to the changes and development of the market, and contribute to the development of the market. Let us join hands to welcome this spring full of hope and challenges.
We continue to insist on being a responsible company worthy of the long-term trust of all parties. We will serve the construction of the investor-oriented capital market and the high-quality development of the economy and society with our own high-quality development. Let's look forward to a better future together!
Today, I look forward to 2024 with full confidence, and under the overall planning of "stability" and "progress", we see the bright prospects of further consolidating the foundation for economic stability and improvement, enhancing the intrinsic stability of the capital market, and optimizing the investment and financing ecology. All this will give better play to the function of the capital market as a hub, promote the formation of a virtuous circle between the capital market, the real economy and residents' wealth, and provide a stronger main driving force for domestic demand to smooth the domestic cycle.
In 2024, we stand at a new starting point, a starting point full of infinite possibilities and opportunities. In the face of this new beginning, we must always maintain a positive attitude. Despite the complex and volatile market environment, the current market valuation is already at a very cheap historical low, which is a fact that we cannot ignore. Although the future market trend is not **, we must firmly believe that everything has its value, and a significant correction is no longer possible.
However, we also need to be cautious and sensible. Although the investment point is already quite ideal, we do not encourage or recommend investors to use leverage to increase**. Managing one's own investment behavior is a responsibility that every investor should take seriously. In the face of sudden changes that may occur, maintaining a certain percentage of cash on hand is an important strategy for us to deal with risks.
In terms of investment direction, we see the overall opportunity in the market. If we look at it from the next 20 to 30 years, we only focus on investment opportunities related to the three major diseases of hypertension, heart disease, and diabetes. As China's society gradually enters the aging stage, the rigid demand for drugs for these three major diseases will continue to grow, and we believe that in the next 30 years, there will be companies in this field that can compete with Moutai in terms of market capitalization.
In addition, we are noticing that the mix of factors driving the growth of the industry is changing. Technology, data and the environment are increasingly influencing industry growth and are just as important as land and people. Therefore, we need to pay close attention to these changes and actively deploy related fields.
Looking forward to the future, in the new year, we hope to firmly grasp the main channel of investment, aim at the world's frontier of science and technology, and lay out the main battlefield of the economy. We will take it as our responsibility to meet the major needs of society and people's lives and health, invest in China, empower small and medium-sized enterprises, and strive to achieve a great venture capital industry in China. We believe that only by investing in the future of China's science and technology can we bring a better future to the country and its people.
At the same time, I would like to extend my most sincere greetings and heartfelt blessings to the investors who give us confidence and trust, the entrepreneurs who are struggling in the entrepreneurial journey, and the friends from all walks of life who care about and support the development of Guoxiong Capital! Wishing you all a happy, happy and healthy New Year!
Let's work together to meet the challenges and opportunities of 2024. Let us move towards a better future together with firmer steps, more united strength, and more persistent faith!