State-owned parent funds also have mismanagement and certain risks. If the benefits are not good, they will also lay off employees.

At present, most of the investment in the market comes from state-owned assets, and this proportion is increasing. On the other hand, the increase in the proportion of state-owned investment is a major adjustment in China's venture capital industry since 10. In 2020, the total scale of parent fund management in China is 2,778.9 billion yuan, of which the government-guided fund reaches 2 1 98.6 billion yuan, accounting for 79%, which is about1percentage point higher than 78% in 20 19. Industry: China's venture capital industry is currently in a period of adjustment. Since 20 16 -2020, the amount of venture capital in China has been decreasing year by year, but the accumulated amount of venture capital has been increasing, which shows that venture capital in China has blossomed everywhere from the beginning: fewer and fewer projects can be financed, and more and more projects can be financed.