CVCA Annual General Meeting 2025

Partner Ning Zhang spoke at the CVCA Annual General Meeting 2025, a flagship event hosted by the China Venture Capital and Private Equity Association (CVCA), which gathered general partners, limited partners, and industry professionals from across China’s private equity and venture capital ecosystem, who convened to exchange views on market dynamics, regulatory developments, and strategic investment opportunities. CVCA is a leading industry body established in 2002 and dedicated to advancing the growth, professionalization, and international integration of China’s private investment market through policy advocacy, research, and high-level networking.

Ning’s panel, PEs’ Views on Macro Trends and Industry Strategies, examined the impact of domestic and global macroeconomic policies on investment cycles, explored sector-specific strategies in response to evolving industrial policies, and discussed frameworks for building resilient portfolios in a shifting economic landscape.

The conference attracted over 300 companies in the venture capital and private equity investment industry in Greater China, underscoring its role as the premier gathering for China's investment community. A major takeaway was the clear consensus on the strategic pivot towards sectors driven by technological self-reliance and green transformation, with resilience and policy alignment emerging as the new core criteria for investment. The event also highlighted an accelerated trend of portfolio optimization, as firms balance geopolitical considerations with domestic growth opportunities.