(1) The policy of "double innovation" promotes the continuous fermentation of equity investment. China is in the stage of economic restructuring and industrial upgrading. In order to accelerate the development of new economic "engines", the "double innovation" policy will continue to shine, and the government will support and encourage mass entrepreneurship and high-tech industries, especially innovative enterprises and high-growth enterprises in the initial stage and growth stage. At the same time, the government guides funds first, the entrepreneurial environment continues to improve, and emerging industries flourish, which also provides a guarantee for the sustainability and selectivity of equity investment. The cloud investment and exchange platform also practices the "double innovation" policy to support the development of small and medium-sized enterprises and entrepreneurs.

(2) Diversification of exit channels. From the blowout of the New Third Board last year to the formal implementation of the New Third Board stratification this year, coupled with the emerging strategic board in the future, the exit channel of the A-share market has been continuously upgraded, which has solved the worries for private equity investment. Although the formal introduction of the registration system remains to be considered in the current weak capital market as a whole, with the gradual recovery of the market and the introduction of various institutional norms, the A-share market will undoubtedly develop in a more free and market-oriented direction, which will also provide more choices for private equity investment withdrawal.

(3) Multidimensional product design. Under the new opportunities, the traditional PE/VC model can no longer meet the market demand, and various innovative themes emerge one after another, grasping investment opportunities in different dimensions. M&A Fund, VIE Return Fund, New Third Board Fund and Government Guidance Fund are gradually becoming familiar to investors. Combined with the escalating exit channels, the investment period has also been shortened, especially some second-hand share funds, split VIE funds, pre IPO funds and pre- New Third Board funds invested in mature enterprises, which not only have a high probability of successful investment, but also provide better investment liquidity, shorten the investment cycle and enhance the investment experience of customers. In the future, with the continuous improvement of the market mechanism, I believe there will be more product innovations to meet all kinds of investment needs.

(4) Financing methods are more diversified. With the continuous expansion of the scale of private equity investors, private equity investment has gradually developed from the initial high-threshold participation form of ultra-high net worth people to a contractual fund with a starting point of 654.38+0 million, allowing more investors to participate in the investment. In addition, a number of equity crowdfunding platforms such as JD.COM JD.COM Dongjia, Ali Ant Dake, and China Merchants' Yuntouhui have been hatched. It can be predicted that if the money-making effect of the primary market appears, it will attract more investors from different social levels to participate.