Joe Chow: Increase investment around policy orientation

On May 30, 2019, the "New Opportunities for Financial Opening-2019 Financial Development Forum" co-sponsored by Guangzhou Local Financial Supervision and Administration Bureau and China Business News was held at Four Seasons Hotel Guangzhou. Industry representatives from local governments, financial institutions, financial technology service institutions, investment institutions, scientific research institutions, and members of the Guangzhou Financial Industry Association attended the forum to discuss how to reform and innovate and integrate finance in the new stage of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. Help create a new pattern of opening up in the Bay Area.

At the forum, Joe Chow, Managing Director of Duff & Phelps, said, “From the perspective of corporate investment, we need to pay attention to policy orientation, and then increase investment based on the policy orientation according to the company’s own situation. China usually It is very important to formulate a more long-term plan and pay attention to the overall direction of the government.

The "Science Innovation Board" is currently in full swing. According to incomplete statistics by reporters from China Business Daily, as of May 22, a total of 110 sci-tech innovation board applications have been accepted. The Guangdong-Hong Kong-Macao Greater Bay Area, as an area with a large number of sci-tech innovation board reserves, also regards the sci-tech innovation board as a major platform to promote the development of local technology innovation enterprises

Regarding the attractiveness of sci-tech innovation board companies to foreign institutions, Joe Chow believes that “foreign capital has always been very interested in the Chinese market, and the sci-tech innovation board provides a way for foreign investors to enter the market. The core asset of a sci-tech innovation board issuer is intangible assets Nowadays, there are a lot of capitals that are more interested in technology companies, especially in Guangdong. Whether they are foreign or Chinese, they value more of the value of the entity itself. Good management of the company, sufficient capital, and a large enough market The value of talent is maximized. In fact, everyone is very optimistic about the Chinese market, and I am also very optimistic about it, and hope to unite all forces to jointly promote the development and growth of the market."