Ride the Waves and Forge Ahead: The 19th China Investment Annual Conference - Limited Partners Summit is about to kick off in Shanghai.

If the past year called for "patience" in the market, then now, we are standing at a crucial juncture where we need to "paddle through the rapids" to break the deadlock. The global landscape is changing rapidly, and industrial iteration is accelerating. Driven by technological breakthroughs and domestic substitution, the "rivers" of the primary market have moved from calm waters into turbulent rapids. Many established rules have become invalid, and contradictions and frictions have become the norm. Investment institutions and LPs are jointly facing the questions of "confusion and bewilderment": How to anchor value in uncertainty? And how to gather the strength to ride the waves in the middle of the stream?

As a highly anticipated annual event in the Chinese equity investment field, the 19th China Investment Annual Conference - Limited Partners Summit is scheduled to be held in Shanghai from November 26th to 27th, 2025. With the theme of "Paddling Through the Rapids in the Middle of the Stream", this summit will gather trillions of patient capital, including dominant state-owned capital, still-active market-oriented mother funds, and insurance funds driven by both policies and the market. It will directly address the current structural challenges in the market and jointly explore new logics for value discovery and new paths for ecosystem construction, drawing a clear action blueprint for crossing the cycle.

Three High - level Closed - door Seminars, Addressing Core Industry Issues

On the first day of this summit, three high - level closed - door seminars are specially arranged. Each seminar not only addresses core industry issues but also condenses forward - looking judgments and shares practical experience through in - depth dialogues among top LPs, GPs, and industry leaders, providing a reference action framework and strategic inspiration for the market:

• "Special Seminar on High - quality Development of State - owned Capital: Deepening Reform and Stimulating Momentum": Focuses on how state - owned capital can be upgraded from the "ballast stone" of the market to the "main engine" driving industrial and technological innovation.
• "Ten Questions from ChinaVenture: New Logic and New Consensus - Forward - looking Asset Allocation for GPs/LPs": Continuing the classic session, it directly addresses the frontier exploration and consensus building of LPs and GPs in asset allocation, exploring the way of symbiosis in the new cycle.
• "Jiachuan Gathering: Observing the Source - Value Insights and Innovative Paths of S Transactions": Addresses the pain point of market liquidity and deeply explores S transactions, an increasingly crucial value discovery tool and innovative exit path.

These three in - depth closed - door meetings form the ideological core of the summit's exploration of the "way to break the deadlock", aiming to provide practical action references for the industry from multiple dimensions such as policies, capital relationships, and liquidity solutions.

High - profile Authoritative Releases, Interpreting Trends and Guiding Directions

The conference has set up multiple core sessions, each of which addresses key industry issues and provides in - depth insights. It not only presents the overall picture of the industry but also helps participants sort out trends and seize opportunities in the complex market. From the interpretation of frontier policies to the observation of capital operations, from the review of historical experience to the prediction of future trends, each session is carefully designed to provide the most valuable references and inspirations for LPs, GPs, and industrial capital.

• Launch of the New Book "History of Chinese Venture Capital": The high - profile launch of this new book is a systematic review and in - depth perspective on the 20 - year development of Chinese venture capital. At the ceremony, authoritative guests will interpret major events, core institutions, and key figures, helping investors understand the evolution rules and cycle development logic of the industry.
• Release of the "ChinaVenture 2025 Annual Limited Partners List": To recognize institutions that have performed excellently in investment practices in the past year, the summit will release the "ChinaVenture 2025 Annual Limited Partners List". The list systematically sorts out the performance of LPs, GPs, and industrial capital in the past year, revealing investment hotspots and trend changes.
• High - profile Release of the "Report on the Development Index of the Chinese Venture Capital Market": It systematically interprets the structure of the venture capital market, the policy environment, and the flow of capital, providing authoritative data support and trend judgments for LPs, GPs, and industrial capital, and guiding investment directions and strategic decisions.

Bringing Together Trillions of Capital to Build the Foundation of Market Resilience

Consistent with previous sessions, this summit will continue to play its strong role in capital cohesion. At that time, the "trillions of patient capital", including dominant state - owned capital, still - active market - oriented mother funds, and insurance funds driven by both policies and the market, will gather again. They will share unique insights and forward - looking thinking at the main forum and sub - forums. Starting from multiple dimensions such as industry trends, capital logic, market evolution, and experience insights, they will provide a macro perspective and in - depth inspiration for participants, helping them grasp the direction and form judgments in the complex environment.

Just as only those who "paddle through the rapids in the middle of the stream" can stand at the forefront of the tide when the rivers are surging, only those who "face the problems directly" can open up a new situation in the changing times. The 19th China Investment Annual Conference - Limited Partners Summit is ready. It is not only a feast of industry thinking but also a collective action to actively seek certainty in uncertainty. We look forward to meeting industry leaders in Shanghai, jointly analyzing the general situation, clarifying the fog, and witnessing a broad and bright future while paddling through the rapids.

[Attendance Guide]

19th China Investment Annual Conference - Limited Partners Summit
Time: November 26 - 27, 2025
Location: Shanghai, China
Please visit the official event website for the full agenda and the latest updates:

https://www.chinaventure.com.cn/meeting/special/202511/index.html