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The China Venture Capital and Private Equity Forum, an annual gathering of global private equity and venture capital investors with an interest in China, is the largest, most comprehensive, and most authoritative forum of its kind and is the most up to date in the range of topics and issues that are covered. Venture capital financing has given rise to a dynamic system of modern financial products and services by introducing a series of innovations. The development of a product can be divided into four periods: seed, start-up, grow-up, and maturity.