The Oncoming Carbon-neutral Economy Calls for Up to CNY 40 Bn Investment to Secure the Future
Wang Shi, Founder and Honorary Chairman of the Board of Directors of Vanke Group (000002:SZ; 2202:HK) as well as the Founder of HIDDENGEM, addressed attendees at the 2023 Global Venture Capital Conference (WeStart) on September 10. During his speech, he emphasized the imperative of pursuing China's dual-carbon goal and underscored the need for substantial new investments ranging from CNY 12 billion to CNY 40 billion Bn in the coming years. Wang also declared the onset of the era of a carbon-neutral economy. He identified two essential transformations for the real estate industry's future: a shift towards a service-oriented model and a commitment to achieving carbon neutrality.
Source: China Star Market
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