打通创投市场“募投管退”环节 助力新质生产力发展

Core Insights - The development of a well-functioning capital market is crucial for nurturing new productive forces, emphasizing the importance of venture capital and private equity in supporting the lifecycle of innovative enterprises [1][2] Group 1: Importance of Venture Capital - The lifecycle of enterprises, especially innovative ones, includes various stages such as seed, startup, growth, and maturity, which require different financing and risk management tools [1] - Venture capital plays a critical role in supporting early-stage innovative enterprises when traditional financing methods are inadequate [1][2] Group 2: Recommendations for Enhancing the Venture Capital Market - It is essential to streamline the "fundraising-investment-management-exit" process, particularly improving exit channels to stabilize the venture capital market [2] - Reforming the management philosophy and model of government or state-owned venture capital funds is necessary to increase risk tolerance and extend performance evaluation periods [2] - Supporting the transformation of scientific and technological achievements is vital for accelerating the integration of technological and industrial innovation [2] - Developing a robust merger and acquisition market is crucial, as it serves as an important exit channel for venture capital funds, particularly for high-potential innovative enterprises [2]