习近平：壮大领军创业投资机构

Core Viewpoint - The article emphasizes the importance of strengthening venture capital institutions and leading technology enterprises as part of China's strategic focus on innovation and technology finance services [5][6]. Group 1: Policy and Strategic Direction - The article highlights a significant deployment for the venture capital industry, indicating a positive signal for growth and support from the government [5]. - It mentions that the Central Economic Work Conference in December 2025 underscored the role of venture capital and private equity in supporting technological innovation [6][9]. - The government has introduced various policies to enhance the venture capital environment, including the "17 Measures for Promoting High-Quality Development of Venture Capital" released in June 2024 [9]. Group 2: Investment Trends and Practices - The current trend in the venture capital industry is characterized by a focus on early-stage, small-scale, long-term investments in hard technology, which has become a mainstream consensus among funds [6][7]. - There has been a notable increase in the establishment of angel funds, with over 30 angel mother funds set up in China, totaling over 800 billion yuan [6][7]. - The concept of "patient capital" is gaining traction, emphasizing the need for long-term support and tolerance for risks and failures in technology innovation investments [8][9]. Group 3: Future Outlook - The article anticipates that the venture capital industry will continue to respond to central government calls by enhancing early, small, long-term, and hard technology investments [10]. - It expresses confidence that the venture capital sector will play a crucial strategic role in fostering new productive forces in China [10].