On the afternoon of July 27, 2019, the "2019 China Fund of Funds Summit," hosted by the China Association for Science & Technology Finance Venture Capital Committee and the China FOF Alliance, and co-organized by Shougang Fund Smart Investment Exchange and the FOF Research Center, concluded successfully at the Beijing International Trade Hotel.

At the close of the summit, the 2019 China Fund of Funds Summit Mid‑Year Commendation List was released, with **Harvest Capital** recognized as one of the **Top 30 PE Funds for Best Returns in China**.

Since last year, China’s private equity fund‑of‑funds industry has entered a period of adjustment. While intensifying U.S.‑China trade friction has slowed domestic consumption and investment growth, the steady advancement of the STAR Market, the implementation of preferential tax policies for venture capital, and the continued opening‑up of the financial sector have created favorable conditions for the orderly development of China’s capital market. Facing a prolonged constrained fundraising environment, major players in China’s FOF industry have actively restructured and expanded their businesses, driving the sector into a phase of structural realignment.

Amid both opportunities and challenges in China’s private equity investment landscape, and at this pivotal stage of economic and industrial transformation, Harvest Capital has remained steadfast in its values, partnering with industry leaders, continuously cultivating the consumer sector, and exploring a path that integrates China’s consumer industry while advancing industrial upgrading—thereby delivering strong investment returns for fund investors and reinforcing its commitment to contributing to China’s economic development and transformation.

The full list is provided below. For further details on the summit ranking, please refer to the original article.