Harry Wang, Founder and CEO of Linear Capital, spoke at a CICC Capital Qiyuan Lecture event, sharing frontier technology investment strategies from a global perspective.

On March 25, the 49th Qiyuan Lecture Hall, organized by CICC Qiyuan National Emerging Industries Venture Capital Guidance Fund, was successfully held in Wuhan. The event featured Harry Wang, CEO and Founder of Linear Capital, delivering a keynote speech titled Frontier Tech Investment Strategy from a Global Perspective × China Dividend 2.0. The event was supported by the Wuhan Donghu New Technology Development Zone Administrative Committee and co-hosted by the Hubei Provincial Government Investment Guidance Fund, the Wuhan Donghu New Technology Development Zone Financial Work Bureau, and the Wuhan Optics Valley Central City Construction Service Center. Attendees included relevant leaders from Hubei Province and Wuhan City, leaders from the Wuhan Donghu New Technology Development Zone, key partners of CICC Qiyuan Guidance Fund, and representatives from CICC and CICC Capital teams.

Ailan Huang, Deputy Director of the Wuhan Donghu New Technology Development Zone Financial Work Bureau (acting director), delivered opening remarks noting that Donghu New Technology Development Zone places high importance on cultivating the equity investment ecosystem and advancing the equity investment industry. Optics Valley possesses inherent innovative DNA and the most dynamic community of technology enterprises, providing fertile ground and broad market opportunities for angel investment and venture capital. As a leading domestic private equity investment institution, CICC Capital is expected to use this Qiyuan Lecture Hall as a springboard to continue hosting high-quality events in Optics Valley, guiding more quality industrial projects to settle there, and encouraging more investor friends to pay attention to and invest in Optics Valley.

Weiwei Sun, Managing Director of CICC Capital, expressed gratitude for the ongoing guidance and support from leaders at all levels in Hubei. Facing new historical opportunities, CICC Capital and CICC Qiyuan National Guidance Fund will continue to closely follow national strategic deployment and Wuhan government planning, using financial resources to support the construction of "City of Science, City of Light, City of Aspiration," fully leveraging the "One CICC" advantages of investment specialization and diversified financial services, deepening cooperation, elevating collaboration standards, and exploring higher-quality development.

Harry Wang, CEO and Founder of Linear Capital, delivered his keynote speech Frontier Tech Investment Strategy from a Global Perspective × China Dividend 2.0. Wang believes the core logic of investment lies in identifying projects combining "frontier technology + excellent product + ability to sell at large-scale premiums + unique team." He summarized the relationship between technology, product, and market through three "onlys": product is the only vehicle for technology, market is the only path to test product, and results are the only standard to test market.

Looking ahead at investment prospects, Wang proposed that the essential factors for success over the next decade are "frontier technology + internationalization capability." He categorized frontier technology into new AI (comprising soft AI and hard AI), new energy/new materials, and new biology. Wang identified the key "new formula" for success as global arbitrage — specifically, "international team + overseas technology + China's supply chain (talent and production capacity) + international market."

Attendees actively raised questions regarding new quality productive forces, investment target selection, and industrial expansion overseas. Drawing on his deep technical accumulation in the industry and investment experience, Wang provided answers and insights for the audience.

CICC Capital is the wholly-owned private equity investment management subsidiary of China International Capital Corporation Limited ("CICC"), serving as CICC's private investment fund business platform managing domestic and overseas private investment fund operations. It has developed into one of China's leading private investment management institutions. Currently, CICC Capital's fund types encompass RMB corporate equity investment funds, fund-of-funds, real estate funds, infrastructure funds, and USD corporate equity investment funds.

About Linear Capital

Linear Capital is an early-stage investment institution focused on "frontier technology + industry" — specifically, frontier technologies represented by data intelligence, digital new infrastructure, next-generation robotics technology, and new technological transformations in traditional sectors (such as biomedicine, materials, and energy), applied across vertical industries to substantially improve industrial efficiency, empower solutions to pain points, and complete industrial upgrading — achieving excess returns through substantial increases in industrial value. It currently manages ten funds with total assets under management of approximately $2 billion.

Our investment stage focuses primarily on leading angel to Series A rounds, with typical investment amounts of $3 million to $8 million or equivalent RMB per project.

To date, Linear Capital has made early-stage investments in over 120 startup teams including Horizon Robotics, Kujiale, Sensors Data, Tezign, Rokid, Guandata, and Agile Robots. The combined valuation of Linear Capital's portfolio companies is approximately $20 billion.

In the near term, Linear Capital is working to become the premier "Data Intelligence Technology Fund," with a long-term vision of gradually building itself into the most influential "Frontier Technology Application Fund."