August 11, 2025

2025-08-11

Startup Commentary”What Should Venture Capital Do When State-owned Capital Retreats?”

The withdrawal of state – owned capital is not the “winter” of the venture capital industry, but a “turning point” in the reconstruction of the market ecosystem. By promoting state – owned capital to shift from “capital supplier” to “institutional supplier”, stimulating the vitality of social capital, and cultivating professional investment institutions, China’s venture capital market is expected to achieve a healthy pattern of “hard technology not being cold and innovation flowing continuously”.

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