Wang Dongliang Talks About "Carbon Neutrality": Providing New Market Space And Growth Leverage

Wang Dongliang, the investment director of Guoshou investment, said in his speech that the trend of "carbon neutrality" has brought us new perspectives and methodologies for observing various industries. However, it is obviously not enough to have a cognitive perspective or methodology for the determination of specific investment strategies, the construction of investment capacity and the substantive judgment of investment projects.

"The reasonable implementation path is to apply this new investment perspective or investment clue to the advantageous industries that they are good at by means of" cross validation "to form an organic investment ecological interaction system, so as to avoid flashy bubbles and create real investment value." Wang Dongliang said.

Wang Dongliang mainly focuses on the investment in logistics supply chain and new infrastructure. His sharing first focuses on "carbon neutrality" and how ESG completes the leap from theory to practice.

He believes that it is obviously not enough to "package yourself" with general trends or methodology when formulating investment strategies. The carbon neutral perspective can cover almost all hot investment industries, but this perspective or methodology must be organically combined with "vertical application scenarios".

At the same time, when making project decision, equity investment will consider the core elements such as market space, industry pattern, development power and so on. From the perspective of the target enterprise value evaluation, "carbon neutral" can also be used as a new market space or growth driver and leverage, which can be fully combined in the specific investment analysis of enterprise value.

"To be specific, we still have to think about the combination of this general trend and our best investment field in order to realize a truly executable investment strategy and investment path. This is a process of" understanding "by defining the investment scope and investment system Wang Dongliang, for example, said that in the past few years, he mainly focused on the investment in logistics supply chain and new infrastructure. Various subdivision fields of logistics supply chain are often important scenarios on the carbon neutral demand side, such as urban distribution of new energy commercial vehicles or long-distance unmanned driving; In recent years, IDC industry, the representative of new infrastructure construction, as one of the largest energy consumption scenarios, can provide new investment dimensions and specific investment opportunities from the green power supply side.

In other words, the methodology or vision can only be verified by investment practice, cross validated in different fields of investment, and even build ecological interaction system for invested projects, and provide value-added services for each other, which can be used as an investment strategy with practical value.

In the current domestic alternative investment market, many managers have expanded their business from focusing on equity investment in the early years to diversified asset management including equity investment, real estate and infrastructure. Another big share of Wang Dongliang is to discuss the possibility of the application of PE / VC diversified business practice experience in "carbon neutral" related asset investment.

"Is there no opportunity for PE / VC in the infrastructure? We don't think so. New energy will inevitably form a large number of new infrastructure systems on the supply side, such as various asset packages related to solar energy and wind energy. One of our methods is to fully combine PE investment with infrastructure investment, and support the asset management platform or asset manager and related technical tools in the form of active management and incubation. " For example, he said that the investment practices of many logistics real estate platforms and Internet data center platforms in the past few years can be applied seamlessly in the investment system of new energy assets and facilities. Some new infrastructure assets gradually form observable and traceable return risk characteristics, and enter the configurable vision of institutional investors, which is also a gradual process, which will inevitably produce a lot of high-quality opportunities for PE and infrastructure investment.

"I hope you can work together to cultivate new assets and opportunities under" carbon neutral ". Especially on the basis of cross validation to form investment insights and create investment value and financial returns for investors. " In Wang Dongliang's view, with appropriate carbon trading financial leverage, a new market is just beginning.