Chen Hongwu, General Manager and Executive Partner of Guoke Jiahe, mentioned at the 2024 China Technology Finance Conference that the investment field is highly focused on Technology innovation, resulting in severe valuation bubbles in many related field enterprises, as a lot of resources are competing for quality projects. Conversely, the market is also relatively cautious, leading to a situation where projects in popular Industries have high valuations and everyone competes for them, but many other Technology type enterprises do not receive resources. In addition, the threshold for IPOs is getting higher, making it increasingly difficult for projects to exit through IPOs. (Rui Jian)