Core Viewpoint - The private equity investment fund industry plays a crucial role in promoting innovation and sustainable development in China's economy, particularly in sectors like digital economy and biomedicine [1][2] Group 1: Suggestions for Sustainable Development - The industry should enhance the financial service system to support sustainable development [1] - There is a need to cultivate and expand patient capital, which aligns naturally with private equity funds, to address financial structural imbalances [1] - Continuous optimization of exit channels is essential for the industry [1] - The industry must improve its capabilities to empower sustainable development actively [1][2] Group 2: Cultivating Patient Capital - Suggestions include focusing on investment duration, exit channels, and assessment mechanisms to strengthen patient capital [1] - Developing pension funds and long-term life insurance as significant sources of patient capital is recommended [1] - Innovative approaches to utilizing bank savings for pension and long-term insurance are necessary [1] Group 3: Empowering Invested Enterprises - Private equity funds should provide comprehensive support to invested companies by engaging deeply in key areas such as talent, management, supply chain, and sales channels [2] - This engagement is vital for the growth of emerging and future industries [2]

Group 1 - The core viewpoint emphasizes the increasing importance of equity investment funds in the development stage of new productive forces, highlighting the irreversible trend of deep integration between finance and technology [1] - Former Vice Chairman of the China Banking and Insurance Regulatory Commission, Chen Wenhui, stated that traditional financial services are inadequate for the current needs of technological innovation, particularly in the early stages of development [1] - Chen Wenhui also suggested that the financial service system should be improved, advocating for the collaboration of equity investment funds with other financial instruments like stock markets, credit, bonds, and insurance to create a virtuous cycle [1] Group 2 - Former Deputy Director of the Central Financial Committee Office, Yin Yanlin, noted that embracing innovation and trends is a strategic choice for promoting financial modernization and building a strong financial nation [2] - Yin Yanlin emphasized the need for innovation in financial institutions and technology companies, advocating for collaborative innovation and increased R&D investment to enhance financial product and service innovation [1][2] - He also highlighted the importance of improving the positioning of financial institutions, especially state-owned banks, to better integrate commercial, policy, and directional requirements, thereby enhancing innovation capabilities and overall service levels [2]