In the first half of the year, the fundraising indicators for the primary market have shown signs of recovery.

The China Venture Capital Market Research Center released a research report on the Chinese equity investment market in the first half of 2025, stating that signs of a recovery in the Chinese equity investment market are beginning to emerge. Data shows that in the first half of the year, the number of newly raised funds and investment cases in the Chinese equity investment market increased by 12.1% and 21.9% respectively compared to the same period last year, while the number of exit cases decreased by 43.3%. Many investors have stated that they have felt a warming trend in investment in the first half of the year, mainly reflected in the recovery of policy adjustments and the secondary market, leading to a resumption of investment pace and a slight increase in exit cases. However, the issue of "difficult exits" still persists.