Li Wanshou, President of Shenzhen Innovation Investment Group Co., Ltd., recently said that the global stock market had narrowed down the IPO channel. Vc firm's past investment projects did not have the opportunity to go public. It may usher in a two upsurge of financing. This will echo the merger and acquisition of the two market and form an era of mergers and acquisitions.

Starting from the third quarter, the global financial tsunami has had a significant negative impact on China's venture capital industry. In the fourth quarter, China's venture capital investment began to fall.

From the year-on-year perspective, the number of investment cases in the third quarter remained the highest in five years, but the amount of investment decreased by 12.1% compared with last year, the first decline in five years.

In the third quarter, a total of 19 withdrawal pactions occurred in China venture capital market, representing a decrease of 16 compared with the same period last year, a decrease of 17 compared with the previous quarter.

The global stock market narrowed down the IPO exit channel, and also restricted the implementation of post listing reduction by venture capital institutions, resulting in the fourth quarter venture capital market withdrawing from trading in a slump.

However, Li Wanshou believes that although the current venture capital is in a slump and the PE market is also in the doldrums, a truly discerning, powerful and quality venture capital will stand out.

At this stage, venture capital industry is more inclined to anti cyclical investment and choose modern agriculture, modern service industry, infrastructure related industries, pharmaceutical industry, high-tech industry, health industry and other industries.