上海创投公司原总裁王品高：调动民间资本参与，是风投行业发展出路

Core Insights - The forum held at Fudan University focused on "Financial Power and Technological Finance," discussing the definition, international experiences, domestic challenges, and future development paths of technological finance [1] Group 1: Importance of Venture Capital - Venture capital is highlighted as a crucial component of national core competitiveness, as emphasized by former U.S. President Biden [4] - The current private capital ratio in China's venture capital sector has room for improvement, and the limited partnership system can play a more significant role [1][4] - There is a consensus on the increasing importance of venture capital, yet many lack a clear understanding of how to effectively engage in it [7] Group 2: Structural Challenges - Over 80% of the capital in China's venture capital is state-owned, which creates a mismatch with the industry's development needs [7] - The health of the venture capital industry relies on the participation of private capital, and the current dominance of state-owned enterprises is seen as a transitional phase [9] - The shift from government-guided funds to government-dominated funds contradicts the industry's development principles [9] Group 3: Market Dynamics and Innovation - The core of venture capital is to support innovation, with a focus on identifying innovations that are approximately two years ahead of the market [7] - The experience of Silicon Valley Bank in China illustrates the importance of collaboration with venture capital firms rather than direct investment [8] - A call for more theoretical research into the essence, core functions, collaborative mechanisms, and ultimate goals of venture capital is made to avoid superficial development [9]