Qiushi Network: Strategically Develop and Strengthen Patient Capital

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Xu Siwei, Secretary of the Party Committee and Chairman of China Reform Holdings Corporation Ltd., pointed out in an article on Qiushi that patient capital is a form of capital focused on long-term investment, value investment, and strategic investment. As the "national team" in the patient capital ecosystem, state-owned capital must focus on its main business and core responsibilities, continuously optimize its layout, effectively strengthen core functions and enhance core competitiveness, and consciously assume the role of a "cornerstone investor." By setting up or operating investment funds dedicated to long-term innovation, state-owned capital should boldly make forward-looking investments in frontier technologies and basic research areas where market understanding is unclear and risks are high, unwaveringly concentrate resources on forward-looking strategic emerging industries and future industries, send a firm signal to the market, and leverage and guide more social capital to invest together. (Qiushi)
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