21专访｜东方富海陈玮：现在才是一、二级市场投资的最好时代

Core Insights - Shenzhen's venture capital industry has reached a cumulative investment of nearly 1.8 trillion yuan, with early-stage investments accounting for almost half [1] - By the end of 2024, Shenzhen is expected to have supported 14,000 enterprises, with small and medium-sized enterprises making up nearly 70% [1] - The development of Shenzhen's venture capital is closely linked to the growth of its technology innovation ecosystem, characterized by a "government-led, market-oriented" approach [2][3] - Current market conditions are viewed as the best time for both primary and secondary market investments, with a projected increase of 100 trillion yuan in stock market value, primarily directed towards technology companies [1][6] Venture Capital Ecosystem - Shenzhen is recognized as the birthplace of China's venture capital, with a strong market-oriented and professional approach [2] - The city has a diverse venture capital ecosystem, including angel funds, seed funds, government-guided funds, and both state-owned and private investment institutions [3] - Despite challenges such as fundraising difficulties, there are signs of recovery in the venture capital industry, with increased attention from banks and insurance institutions [4][5] Technology and AI Focus - The core of China's economic growth is shifting towards technology innovation, with a strong emphasis on increasing direct financing through both stock market expansion and venture capital growth [6] - Artificial intelligence is identified as a fundamental technological transformation, with significant investment opportunities in this sector [7] - The competitive landscape in AI is characterized by the U.S. leading in infrastructure while China excels in application scenarios [7]