The 24th China Venture Capital Forum was held in Lin-gang Special Area, East China's Shanghai, on Oct 12. Hao Mingjin, vice-chairman of the Standing Committee of the National People's Congress and chairman of the Central Committee of the China National Democratic Construction Association (CNDCA), addressed the forum. Qin Boyong, vice-chairwoman of the National Committee of the Chinese People's Political Consultative Conference and executive vice-chairwoman of the CNDCA Central Committee, delivered a keynote speech.

Hao noted that the forum has accompanied the development of China's venture capital industry, from its early exploratory phase to rapid growth and maturity, witnessing the vitality and resilience of venture capital in driving China's modern economic and social development.

He emphasized that the venture capital sector in China must align with the country's broader goals of deepening reforms and advancing Chinese modernization, and contribute to fostering new quality productive forces.  He urged an innovative approach to drive the long-term prosperity of the venture capital sector by deeply integrating venture capital with sci-tech innovation and industrial innovation, thus fully tapping venture capital's role in developing new quality productive forces and high-quality economy.

In her speech, Qin stressed the importance of building a robust venture capital sector and expanding patient capital in the development of new quality productive forces. She also called for concerted efforts to ensure achieving these goals.