CSRC Chairman Wu Qing, speaking at the China Securities Investment Fund
Association’s fourth member meeting, urged private equity and venture-capital
funds to adopt long-termism and professionalism and play a strategic,
foundational role in supporting innovation. He called for stronger specialized
investment-research capabilities focused on national strategic priorities and
key economic sectors, deeper insight into industry and technology trends, and
greater capacity to back innovation in uncharted areas—emphasizing earlier,
smaller, longer investments and support for hard technology. Wu urged stronger
post-investment enablement, including governance optimization and resources
matching, to help portfolio companies weather cycles and enhance value. He said
regulators and self-regulatory bodies should improve supporting policies, back
state-owned capital funds in establishing tolerance-for-error mechanisms and
optimized assessment standards, better complement social capital, encourage
greater equity allocations from pension, insurance and AIC institutions, and
expand fund exit channels to smooth the fundraising–investment–management–exit
cycle.
