On July 24, the 14th Securities Times Venture Capital Conference was held in Shenzhen. Jin Haitao, chairman of Qianhai Fangzhou, pointed out in his keynote speech that excellent venture capital institutions have six major characteristics: first, they have existed for many years and have established their own team culture, decision-making mechanisms, and lessons; second, they have good fund performance, and most funds can obtain excess returns; third, they have core characteristics, which have formed their core capabilities and market positioning; fourth, they focus on research and post-investment empowerment; and fifth, they have a certain level of popularity in the market; six, they have market-based mechanisms including incentives, restraints, exemptions, rewards and punishments.

On July 24, the 14th Securities Times Venture Capital Conference was held in Shenzhen. Jin Haitao, chairman of Qianhai Fangzhou, pointed out in his keynote speech that excellent venture capital institutions have six major characteristics: first, they have existed for many years and have established their own team culture, decision-making mechanisms, and lessons; second, they have good fund performance, and most funds can obtain excess returns; third, they have core characteristics, which have formed their core capabilities and market positioning; fourth, they focus on research and post-investment empowerment; and fifth, they have a certain level of popularity in the market; six, they have market-based mechanisms including incentives, restraints, exemptions, rewards and punishments.