Core Viewpoint - The typical duration of RMB venture capital funds has historically been limited to around 7-10 years, which often forces funds to exit before a technology project reaches its growth potential. However, a significant change is expected in 2025 with the introduction of new guiding funds in various provinces and cities, extending their duration to over 10 years, and in some cases, up to 20 years [1] Group 1 - The average lifespan of RMB venture capital funds is usually 7-8 years, leading to premature exits from promising projects [1] - New guiding funds established in regions like Beijing, Shanghai, Jiangsu, and Guangdong will have a duration of over 10 years, with some extending to 20 years [1] - Existing guiding funds are also modifying their rules to extend their duration, allowing for more flexibility in the exit strategies of both parent and subsidiary funds [1]