1 First of all, we should understand the concepts of "venture capital" and "private equity investment"; \x0d\2。 According to relevant domestic documents and policies, my understanding and answer are as follows: \x0d\( 1) "equity investment" means "private equity investment" in China, and it is also called PE in foreign countries or textbooks. \x0d\ So, equity fund = equity investment fund = private equity investment fund. \x0d\(2) The word "venture capital" in China means "venture capital" in foreign countries or textbooks, also known as VC. \x0d\(3) There are differences and connections between equity investment and venture capital, both of which are "equity investment" enterprises. The investment stage of venture capital should be earlier and equity investment should be later; But the law does not stipulate that it must be done. \x0d\(4) Equity investment institutions include equity investment enterprises and equity investment management enterprises. Equity investment management enterprises refer to enterprises (enterprises) entrusted with the management of equity investment funds. The same is true for venture capital institutions.