On the afternoon of May 4, local time, the 9th Buffett Shareholders' Meeting hosted by Sina Finance and the Chinese and American Investors Reception was held at the Downtown Omaha Marriott Hotel. The reception was the largest and most influential investor exchange event during Buffett's shareholders' meeting. Investment elites, heads of Chinese public and private equity funds and brokerage firms, and executives of listed companies attended the conference and began a high-quality conversation.

Chen Kaifeng, chief economist at Huisheng Financial Corporation of the United States, attended the conference and delivered a speech. He said that now all countries are innovating very rapidly, and I can feel that after this round of the epidemic, a new wave of global innovation has indeed begun.

The following is a transcript of some of Chen Kaifeng's remarks:

Overall, I think in reality, I travel to many, many countries every year, and I can feel that, first, people in all countries seem to be very unhappy now. People from all countries have all kinds of problems. They go to Costa Rica and Switzerland in Central America. Costa Ricans told me that when they were kids, they didn't have to lock their doors, and now security is deteriorating. Furthermore, my observation is that all countries are innovating very, very rapidly. For example, when going to Turkey, Turkey also talks about scanning codes to pay, using fintech as much as possible, using some Chinese technology to build electric vehicles, etc. I can see that the Middle East used to use traditional energy, but now they are all moving towards new energy sources. One is that there are many conflicts around the world, including American society, which is also torn apart. On the other hand, there are also plenty of opportunities. All countries are desperately trying to promote innovation, including in healthcare, and in all aspects of science and technology. I can feel that after going through this round of the epidemic, a new wave of global innovation has indeed begun, including biotechnology such as our investment, including payment and financial technology, including healthcare, including new energy. Of course, Tesla cars and BYD cars are passenger cars. In fact, the greater opportunity in the future is that all walks of life are electrified. The so-called “electrification” is a truck in the future, and there is a good company nearby - Qianglu, which makes agricultural machinery. The latest combine harvesters are millions of dollars each. The top is controlled by satellite and unmanned artificial intelligence is used. Charge and get the whole agricultural product ready. It drives a systematic transformation of the entire industry, rather than buying an electric vehicle and driving home. It involves big data, artificial intelligence, and a complete industrial system, including the agricultural system, and the transformation from traditional gasoline and diesel to electric power. This is now very, very obvious. This is a big opportunity for the next five to ten years, including when we were in Saudi Arabia last week. They just announced that the country would repair 5,000 charging stations. From this perspective, this is our future investment opportunity.