[Baoao Dialogue] Li Yong, Chinayong Investment Group, The Best Investment Strategy Now is not Practice but Research

Economic View, April 22 (Xue Yufei Yan Shuxin) From April 20 to 22, the Boao Forum for Asia Annual Conference 2022 is held in Boao, Hainan. Li Yong, Chairman of the Board of Directors of Chinayong Investment Group, has an exclusive interview with Economic View. He says that the current international situation is complicated and the investment environment is facing many uncertainties. The best investment strategy now is not practice but research.

Li Yong, Chairman of the Board of Directors of Chinayong Investment Group

According to public information, Chinayong Investment Group is a large-scale comprehensive investment enterprise with a wide range of investment fields, including financial investment and services, real estate development, comprehensive energy development and utilization, high technology, import and export trade. Many of its sub-branches have been successfully listed in domestic and overseas securities markets.

In the view of Li Yong, under the influence of Covid-19 epidemic, Russia-Ukraine conflict and other factors, the current investment environment is facing many uncertainties, and the best investment strategy now is not practice but research. “For projects that are already being invested, we will continue to finish them well. Projects that have not been invested will be temporarily suspended and determined according to the actual situation in the future.”

Li Yong says that in the past two years, Chinayong Investment Group has transferred the major investment to the domestic market. At present, we are mainly optimistic about 5G, artificial intelligence, new energy and environmental protection, which are also the main investment fields of the Group now.

Li Yong introduces that Chinayong Investment Group has invested and established many companies in the above fields in the past two years, including Chinayong New Energy and Chinayong Lighting, which have achieved good results. “The year before last, we set up Chinayong New Energy, mainly engaged in wind power, photovoltaics and other businesses, and have ranked the Top 10 in the industry in two years.”

It is reported that Chinayong Investment Group has two kinds of foreign investment, one is led by Chinayong Fund, and the other is directly invested by the Group. The former generally invests enterprises in the form of share purchase, while the latter in the form of share holding.

“Investment companies generally purchase part of shares. But we also hold the major shares in some circumstance. Because we find that some enterprises still go bankrupt with venture capital. One of the important reasons is that the enterprises has the poor management. Although some enterprises have great potentialities, they will waste the investment with mismanagement. Enterprises directly invested by the Group mainly hold the major shares. What we want to do is to develop our own teams. ” Li Yong says.

The report is forwarded to Economic View.