At the "China Finance 2025 Annual Conference" held in Beijing on December 7, Liang Hong, Chairman of the Institutional Business Committee at Huatai Securities (HTSC), delivered a keynote speech titled "Charting China's Economic Breakthrough Path."

Liang highlighted that one of the most notable shifts this year has been China's technological breakthroughs, exemplified by innovations like DeepSeek, showcasing the nation's dynamism in sectors ranging from tech to consumer markets. "Innovation has emerged as a key differentiator for China compared to other economies, a trend vividly reflected in capital markets," she noted. "Investors are casting confidence votes, particularly in industries shaping the future."

She emphasized the pivotal role of private enterprises in driving globalization and innovation. Chinese products, backed by competitive edges, are penetrating global markets across high-end to mid-low-end segments, with notable traction in developing economies. "Today’s export resilience stems not just from pricing advantages but from integrated product and technological competitiveness," Liang observed, underscoring the sector's unexpected resilience amid this year's complex global landscape.

However, Liang also cautioned about recent economic headwinds, particularly the slowdown in real estate and domestic consumption since October, which may demand urgent policy attention. While China’s long-term reform and transition goals remain clear, she stressed the need for stronger short-term macroeconomic support to stabilize market confidence and consolidate recovery foundations.