Viewpoint CMC Capital Li Ruigang: The Three Driving Forces Of Economic Structural Change Are Government, Science And Technology And People

Li Ruigang, founder partner of CMC capital, analyzed the three driving forces of China's economic structural change in his speech at the final of 2020 Jinjihu entrepreneurship competition held in Suzhou on November 6.

Founded in 2010, CMC capital currently manages about 26 billion yuan. The closing of the latest phase of the fund was successfully completed during the outbreak of the epidemic, and the team over raised $950 million in the third phase of the US dollar fund.

The reporter found that CMC capital has launched a number of major projects this year, including increasing the capital of brand e-commerce service provider Leqi e-commerce and becoming its largest shareholder; leading investment in the clothing supply chain e-commerce platform a $40 million round of C financing; leading investment in a new retail ecological enterprise KK group of 1 billion yuan in round e financing; and led investment in the design of SaaS service provider Shidi intelligent nearly 100 million yuan a + round financing.

Among its invested enterprises, perfect diary submitted its application for listing in the United States at the end of October, and fasthand formally submitted its listing application to the Hong Kong Stock Exchange on the evening of November 5; ape guidance, which the team invested in 2015, has just completed a new round of financing with a valuation of US $15.5 billion.

Driving forces of structural change

In his speech at the conference, Li Ruigang analyzed the driving forces and opportunities of China's economic structural change, and believed that the three driving forces were the government, science and technology and the population.

The primary driving force of structural change comes from the top-down strategic orientation of the government. In recent years, the themes that need to be paid close attention to include import substitution, original innovation, and domestic large circulation. In addition, investors and entrepreneurs also need to pay more attention to the government's regulatory guidance.

The second driving force of structural change is technology. Unlike many years ago, science and technology brought incremental changes to the market. In recent years, science and technology is playing an important role in the stock economy.

Li Ruigang is still optimistic about economic growth this year and next. On the one hand, China's supply chain remains stable after the outbreak, he said. On the other hand, the driving force of science and technology to China's stock economy is also in the fast lane.

The third generation is driven by structural change and population growth.

Opportunities in change

"For investment and entrepreneurship, the most important thing is to seize the opportunity. These opportunities often exist in structural changes. " Li Ruigang said.

CMCs can also be sensitive to the changes of capital policy and team management.

Taking 2016 as the starting point, CMC capital officially took the pace of synchronous layout of entertainment, technology and consumption, and the team officially changed its name from "Chinese cultural industry investment fund" to "CMC capital".

The 21st century economic reporter learned that through the layout of nearly four years, CMC capital has already stridden beyond entertainment and captured many high-quality projects in the field of consumption and science and technology. Behind a series of investment portfolios, it is the changes of social groups brought about by mobile Internet, the change of traditional channels subverted by big data, and the improvement of supply chain efficiency brought about by the combination of big data and AI.

Li Ruigang introduced earlier that CMC capital has changed from a cultural industry fund with state-owned assets to a dual currency fund that manages both RMB and US dollars, covering the three major fields of entertainment, science and technology and consumption.

"We live in an unfortunate time because there is so much uncertainty. We also live in a lucky time, because there are structural opportunities in uncertainty. " Li Ruigang said that what can be determined is to constantly adapt to changes.