The "difficulty of exit" has hindered the cycle of the venture capital industry, and the industry has called for multiple measures to break through the "blockage point"

April 18th, in recent years, in the domestic and foreign initial public offering (IPO) channels narrowed, complex and changeable international situation and economic environment, VC/PE (venture capital and Private Equity) institutions to withdraw from the "lake" problem has become increasingly serious. This year the main theme of the venture capital industry is "exit". The new "National Nine Articles" recently issued by the State Council also clearly mentioned "comprehensively improve the reduction rules system. Issue the management measures for the reduction of holdings of listed companies, and implement policies for different types of shareholders." The industry expects new breakthroughs in the reduction policy of venture capital shareholders, especially for institutions in the early stage of investment. If they support the earliest stage of enterprise development, the reduction of holdings after listing can be reasonably withdrawn to obtain new liquidity, so as to better realize the circulation of funds.