The Securities Times article points out that venture capital, as an important engine for scientific and technological innovation and economic development, needs to clear all aspects of “fundraising, investment management and withdrawal” in order to ensure its normal and efficient operation. Among these, exit is a key part. This not only relates to investors' vital interests, but also affects the degree of “patience” of capital, as well as the texture and vitality of the secondary market. A smooth exit channel is the key to the prosperity and development of the venture capital industry, and it is also an “imperative” for the healthy operation of the entire innovation and entrepreneurship ecosystem. What is gratifying is that support from the policy level is constantly being strengthened. In terms of unblocking IPOs and encouraging mergers and acquisitions, many measures have been taken, and exit channels have become more diverse, and exit methods are becoming more diverse.

The Securities Times article points out that venture capital, as an important engine for scientific and technological innovation and economic development, needs to clear all aspects of “fundraising, investment management and withdrawal” in order to ensure its normal and efficient operation. Among these, exit is a key part. This not only relates to investors' vital interests, but also affects the degree of “patience” of capital, as well as the texture and vitality of the secondary market. A smooth exit channel is the key to the prosperity and development of the venture capital industry, and it is also an “imperative” for the healthy operation of the entire innovation and entrepreneurship ecosystem. What is gratifying is that support from the policy level is constantly being strengthened. In terms of unblocking IPOs and encouraging mergers and acquisitions, many measures have been taken, and exit channels have become more diverse, and exit methods are becoming more diverse.