Zhejiang Venture Capital Holds a Meeting on High-Quality Development and the Promotion of “New Quality Enhancement” Construction.

To thoroughly study and implement the spirit of the Provincial Party Committee’s “First Meeting of the New Year” and the Provincial State-owned Assets Operation Company’s Conference on High-quality Development and the Promotion of “New-Quality Enhancement,” and to ensure a strong start to the 15th Five-Year Plan, Zhejiang Venture Capital held a Conference on High-quality Development and the Promotion of “Quality Improvement and Level Enhancement” on March 4. Members of the company’s leadership team and mid-level managers attended the meeting.

The meeting called for the thorough implementation of the decisions and deployments made by the Provincial Party Committee, the Provincial Government, and the Provincial State-owned Assets Operation Company. Focusing closely on the main task of “enhancing quality through new approaches,” we must further align our thinking, firmly set our targets, and drive continuous improvement and acceleration in all aspects of venture capital and investment work, striving to open up a new chapter of high-quality development for the company.

Du Zhan, Secretary of the Party General Branch and Chairman of the Board, delivered a speech titled “Improving Quality and Upgrading, Enhancing Efficiency and Accelerating Growth to Take the Company’s High-Quality Development to a New Level.” He pointed out that we must focus on our core responsibilities and main business, and promote quality improvement and upgrading of our core operations. We must... Strategic advancement, ensuring effective implementation. Elevate our political awareness and take the formulation and implementation of the 15th Five-Year Plan as an opportunity to seek innovation and transformation in strategic breakthroughs, refine the roadmap, improve the supervision-and-assessment closed-loop, and turn the strategic blueprint into a beautiful reality. We must... Quality first, highlight key priorities. Uphold quality first, scientifically manage the pace of investment, focus on overcoming challenges in mergers and acquisitions, and solidify the foundation of financial stability. Strengthen diversified fundraising, explore specialized thematic funds, optimize resource allocation, and enhance yield management. Promote transparent post-investment management, effectively handle the exit of risky projects, and ensure orderly capital inflows and outflows. We must... Unite synergy, build the brand. Elevate and deepen intra-provincial cooperation, expand boundaries to connect provincial resources, and proactively build a venture capital ecosystem that fosters co-creation of value.

He called for tackling the weak links in management and driving improvements in efficiency and speed within the internal system. It is essential to enhance the company’s management capabilities by launching a special campaign to boost management effectiveness, continuously promoting flat-level management, and building a highly efficient organizational structure that better reflects the characteristics of venture capital investment. We must also refine our institutional management system by balancing institutional inheritance with innovation, formality with substance, and standardizing institutional processes. Furthermore, we need to focus on cultivating a robust talent pipeline, closely aligning with the development of core competencies, perfecting the “attracting external talent and nurturing internal talent” mechanism, adhering to the principles of being lean and efficient, continuously improving per capita productivity, and strengthening our overall talent competitiveness.

At the meeting, Du Zhan held a collective integrity talk with all participants. He emphasized the need to dispel the notions of "minor matters are insignificant," "industry-specific exceptions," "getting away with it by luck," and "compensation mentality." We must tighten the chain of accountability, reinforce institutional safeguards, maintain a high level of professional conduct, and deepen healthy working relationships—characterized by clear and respectful collegial bonds, proper and upright superior-subordinate relations, and mutually beneficial, transparent, and productive government-business ties. By continuously fostering an atmosphere of integrity and honesty in work and entrepreneurship, we can provide strong support for building a high-quality, high-level science and technology innovation investment platform.

The meeting also saw the signing of responsibility agreements for 2026. Du Zhan signed the operational performance target responsibility agreement with General Manager Cheng Junhua, and company leaders signed annual performance appraisal responsibility agreements with heads of various departments.