On Dec 2, 2021, Beyond International Technology Innovation Expo （BEYOND Expo) kicked off at the Venetian Macao Convention and Exhibition Center in Macau.
The event features 10 heavyweight speakers to share thoughts on China’s technology innovation.
Please find selected quotes from the opening day speeches below. The text has been edited for clarity and brevity:
Rising tech investment opportunities in China
Yibing Wu, head of China in Temasek:
Driven by China’s goal of reaching a carbon peak in 2030 and carbon neutrality in 2060, the country is about to see a massive transformation in its energy industry and great transformations in the electric car industry.
We will see significant rising demand for energy services and energy solutions. For example, industries such as centralized energy storage systems, smart grids, and charging infrastructure might see growth in the future.
Temasek is investing in low-carbon and decarbonization technologies, including energy storage, nuclear fusion, geothermal, and 3D manufacturing. We hope to use our ecosystem to help every partner and member form a (global decarbonization) ecosystem.
Zewang Ni, party secretary and board chairman of state-affiliated Shenzhen Capital Group:
What trend would China’s capital market embrace in the next couple of years? We have seen opportunities in key and core technology, information technology, smart manufacturing, and others.
In information technology, we see opportunities in digital infrastructure, which includes 5G and industrial internet of things, and digitization in daily lives and production. In smart manufacturing, the keys are transformation and upgrading…we have solved the problem of not making enough products in the past couple of decades. Now, we are hoping to solve the problem of making better, more competitive products.
Company’s social responsibility
Weihua Ma, chairman of China Alliance of Social Value Investment and former president of China Merchants Bank:
We have discovered that economic development also brings economic and environmental problems (such as inequality and climate change). So we can start weighing both the economic benefits and social impacts at the beginning of every economic activity, at the start of every investment decision, we might minimize these problems.
The Chinese government has asked people to strive for common prosperity. The most important thing in the next 100 years is to keep growing the economy and make sure the gains are better distributed.
Companies should strive to be great companies, not just good companies. A good company can provide good products and good services to society, but a great company makes the world a better place and provides good products and services.
Top row from left: Yuzhuo Zhang, Yupei Zhao, Faren Qi, Nanshan Zhong, Zewang Ni
Bottom row from left: Mingzhu Dong, Weihua Ma, Yibing Wu, Hugo Shong, Baige Zhao
Macao aims to become a tech event hub
Note: China’s Greater Bay Area consists of nine cities in the southern Guangdong province, Hong Kong, and Macao.
Hugo Shong, founding Chairman of IDG Capital:
When we talk about entrepreneurship, most of us will think of silicon valley as entrepreneurship heaven. Silicon Valley is in San Francisco Bay Area. There are many bay areas in the world; they share some similarities but also have their own unique characteristics. I think Macao and the Hengqin area (an area neighboring Macao and Guangdong province and part of a government-led project to develop the Greater Bay Area) are vital and could borrow some of the lessons from the Bay Area in the US. However, this area still lags in terms of investment and education, but it also means huge growth potential. For example, we invested in a solar power company headquartered in Hengqin, Zhuhai. It has already generated about RMB 2 billion in revenue since we invested last November.
Mingzhu Dong, chairwoman of appliance maker Gree Electric:
Gree Electric is based in Zhuhai, neighboring Macao. We are already a family with Macao, the Greater Bay Area family. I hope that Gree Electric will continue to serve the development of the Greater Bay Area and attract young people in Macao to come to Zhuhai, come to work at Gree and come to the Greater Bay Area.
Faren Qi, space technology expert and chief designer of “Shenzhou” manned spacecraft:
When I visited Macao more than a decade ago, the region was an observer of the space tech. Now, Macao’s tech sector has already taken part in China’s aerospace projects, participating in a scientific exploration satellite project that will be launched next year. I hope we can attract more young people to join China’s space projects.
Yupei Zhao, president of China Medical Association:
China Medical Association prepared for the smart medical forum as a partner of the Beyond Expo. We hope to take this platform to promote both international collaboration and domestic communication in the medical field, sending a strong voice of Chinese medicine to the world.
Yuzhuo Zhang, party branch secretary of the China Association for Science and Technology:
Science is humankind’s commonwealth. Openness builds science, trust facilitates inclusive growth, and cooperation solves challenges. We hope for openness instead of closeness, trust instead of suspicion, cooperation instead of decoupling. Technological competition is a win-win game, not a zero-sum game.
Baige Zhao, vice-chairwoman of the Foreign Affairs Committee of the 12th National People’s Congress:
Beyond Expo strives to be a platform to connect tech innovators with companies. This is a great idea as it focuses on building a platform instead of an institution. The winners of the 21st century are integrators, not owners. People who can integrate resources will become leaders of the century.