Building a technological innovation "multiplier" and the venture capital industry embarks on a new journey.

The "15th Five-Year Plan" proposal suggests accelerating the high-level self-reliance and self-strengthening of science and technology, leading the development of new productive forces; nurturing and developing emerging industries and future industries; developing entrepreneurship investment, establishing mechanisms for future industry investment growth and risk sharing; accelerating the construction of a strong financial country; actively developing equity, bonds and other forms of direct financing. Let capital become the foundation of innovation, let patience become the confidence of Chinese innovation. Looking forward to the "15th Five-Year Plan", the venture capital industry will undergo a profound transformation from "profit-seeking capital" to "strategic capital", from "project investment" to "industrial organization", and PE/VC will truly become the "multiplier" of innovation and the "foundation" of self-reliance and self-strengthening in science and technology. As a key node linking capital and innovation, the "15th Five-Year Plan" proposal puts forward higher-level requirements for the industry. PE/VC must not only continue to play the role of discovering value and supporting innovation in the market, but also become a strategic force that promotes self-reliance and self-strengthening in science and technology, and promotes industrial upgrading.