[China Asset Management Association holds a meeting of the Professional Committee of Venture Capital, Private Equity and M&A Investment Funds] On October 12, the China Asset Management Association recently held a founding meeting of the Professional Committee of Venture Capital, Private Equity and M&A Investment Funds in Changchun. The meeting stated that since 2026, with the implementation of supportive policies and measures by the state, relevant ministries and local governments, and the stabilization of the capital market, equity venture capital funds have reached a record high, exceeding 16 trillion yuan, and the positive development trend has been further established. In the next step, under the strong leadership of the China Securities Regulatory Commission, the association will continue to focus on the main lines of preventing risks, strengthening supervision, and promoting high-quality development, fulfilling its responsibilities of service, self-discipline, bridging, and innovation, strengthening party building leadership and the construction of financial culture with Chinese characteristics, promoting the smooth "raising, investment, management, and exit" cycle of equity venture capital funds, uniting and leading industry institutions to strive to create a new chapter of high-quality development of the private equity fund industry.