China News Service, Shanghai, September 26 (Reporter Wang Enbo) The new crown pneumonia epidemic has caused global wealth to shrink, but China Investment Corporation General Manager Ju Weimin reminded in Shanghai on the 26th that every crisis will give rise to some new business models and development areas Under the epidemic situation, some long-term investment opportunities are emerging.
Ju Weimin made the above judgment when he attended the Shanghai Summit of the Global Wealth Management Forum that day. He also listed five areas that he is optimistic about.
One is the speeding up of offline transitions.
E-commerce has developed rapidly in recent years, and the epidemic has become a catalyst. Online shopping, residential office, online education, and remote consultation are accelerating the change of consumer habits.
Second, the advantages of intelligent production are obvious.
In the epidemic, labor-intensive industries suffered the most severe damage. The resumption of work and production was relatively slow, while the automated production lines were basically not suspended, and the impact was relatively controllable.
With the digital transformation of industrial enterprises, the pace of reducing labor dependence is accelerating.
The third is the surge in demand for advanced infrastructure.
Whether online services, big data, or artificial intelligence, new infrastructure is inseparable.
Emerging industries have surged in demand for new technologies such as 5G networks, cloud computing, and data centers, driving the upstream development of semiconductors, electronic components, new materials, and new energy industries.
As a key infrastructure supporting the development of the new generation, the modern logistics industry has received rapid development and capital attention.
Fourth, medical technology is highly valued.
The fight against the epidemic ultimately depends on technology. Virus traceability, transmission monitoring, and vaccine drug research and development all require medical follow-up and improvement. The epidemic will prompt countries to re-examine and promote the improvement of medical and health systems. The medical and health industry may usher in a new turning point in development.
Fifth, the rise of environmental, social and governance (ESG) related investments.
Ju Weimin mentioned that the epidemic has tested the performance of companies in terms of social and governance. Generally speaking, companies with high ESG scores have stronger risk control capabilities, show stronger ability to resist cycles and resist risks, and enjoy higher valuation bargaining.
Ju Weimin suggested that long-term investors can take advantage of their strong ability to bear short-term market fluctuation risks, adopt reverse investment, and actively grasp investment opportunities brought about by market price dislocation and liquidity squeeze.
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