The launch ceremony of China's first S-FOF evaluation system and guidelines. [Photo by Lin Yuyang for ftz.xm.gov.cn]
The second China Fund of Funds (FoF) Innovation and Development Exchange Conference opened in the Xiamen Free Trade Zone on Aug 5.
Under the theme of "Rise of Industrial Capital: New Opportunities for CVC and Buyout Funds", the event brought together over a hundred CVC funds, listed companies, FOFs, and leading GP institutions to discuss how industrial capital can achieve innovative breakthroughs and foster collaborative ecosystems in the new economic cycle.
In March last year, during the first edition, the Xiamen FTZ launched China's first-ever S-FOF and first-ever CVC fund of funds.
Now, one year later, China's first comprehensive S-FOF evaluation system and guidelines have been officially released.
This conference not only explored new pathways for finance to empower the real economy but also established an ecosystem for CVC and buyout funds to support industrial upgrading through the innovative "FOF+" model.
This "Xiamen Practice" is now providing a replicable model for the nation, accelerating the transformation of the private equity industry from capital-driven to value-driven growth.