经济日报：拓宽创业投资退出渠道

Core Viewpoint - The article emphasizes that facilitating exit channels is crucial for transforming "long money" into "active water" in the investment landscape [1] Group 1: Private Equity Fund Transfer - According to the China Securities Investment Fund Industry Association, private equity fund holders have the right to transfer their fund shares to other qualified investors, which helps mitigate risks and enhance liquidity for investors [1] - The transfer of private equity fund shares is favored by investors as it allows them to better seize market opportunities while avoiding inherent risks [1] Group 2: Policy Implications - The recent policy explicitly aims to "optimize the business process and pricing mechanism for private equity fund share transfers in regional equity markets," effectively lowering barriers to exit transactions [1] - This policy change is expected to enable fund shares to be priced and circulated more efficiently and transparently in the market, thereby improving capital turnover efficiency across the industry [1]