Xingye Researcher Lu: Use research to open up the Ren and Du channels of savings and innovation.

Researcher Lu from Industrial Bank stated that the two fundamental bottlenecks for the sustainable development of the Chinese economy are how to continuously expand domestic demand and how to have a continuous source of capital to support innovation. These two bottlenecks can actually be connected, and once they are connected, everything will work smoothly. Currently, the expansion of domestic demand is limited, largely due to residents' strong precautionary savings, which can be transformed into patient capital to support innovation. This year, companies have smoothly listed in Hong Kong, and ETF products have developed rapidly. Compared to the past when investors needed to choose stocks and fund managers, ETFs have significantly reduced investment risks and difficulties, making it easier for residents to allocate their assets, ultimately helping to bridge the gap between savings and investment in the Chinese economic cycle.