Group 1 - The significance of venture capital (VC) has evolved from industry development to a national strategy, highlighting its role in technological innovation and the improvement of the social financing system [2][3] - VC and private equity are increasingly recognized as essential components of the new productive forces and play a crucial role in the financial ecosystem, particularly in technology finance [2][3] Group 2 - The development model of VC is transitioning from quantity expansion to quality-driven growth, indicating a necessary adjustment for sustainable long-term development [3][4] - The competitive landscape is shifting from homogeneous competition to differentiated development, emphasizing the importance of institutional capability building [3][4] Group 3 - VC's functional positioning is evolving from purely financial investment to comprehensive empowerment, focusing on value creation alongside investment returns [4][5] - The capital system of VC is moving from a single-source model to a more diversified structure, which is essential for the industry's new development phase [5][6] Group 4 - The development ecosystem of VC is transitioning from short-term measures to comprehensive system building, which is crucial for the industry's growth [6] - There is a growing emphasis on the balance between investment and financing, with a shift towards market-oriented resource allocation and collaboration with other financial sectors [6]