The following article is sourced from 36Kr, authored by 36Kr.

The year 2020 has been one of “witnessing history.”

From the outbreak of COVID-19 and four U.S. stock market meltdowns, to oil prices plummeting into negative territory and the full onset of a low-interest-rate era; on the other hand, the surge in new car and tech stocks in the U.S. secondary market, alongside the launch of the STAR Market and the registration-based system on China’s ChiNext board, has made the interconnected effects between primary and secondary markets more pronounced than ever.

Undoubtedly, as the country that has managed the pandemic most effectively, China’s swift resumption of production and daily life, along with its shift toward internal circulation, has turned global asset allocation focus toward Chinese companies, with Chinese stocks leading the way.

At the same time, major consumption—one of the most dynamic sectors under the internal circulation economy—has become a key area anchored by numerous entrepreneurs and investment institutions.

Amid a prolonged low-interest-rate investment environment and the heightened awareness of anti-fragility and managing uncertainty brought by 2020, we must also reconsider the relationship between business and society, individuals and the world. Concurrently, observing changes in China’s business landscape, the registration-based system is poised to be nothing short of an epic transformation.

As Alan Song, Founder and Chairman of Harvest Capital, noted: “The business environment in the Chinese market will become fairer by reducing administrative approvals and minimizing invisible intervention and artificial interference in resource allocation. As long as enterprises operate legally and dare to innovate, under an open and nondiscriminatory system of resource allocation, the future direction of Chinese companies will grow clearer, and a truly fair competitive market environment is expected to take shape.”

This has also been the founding vision and unwavering commitment of Harvest Capital over its 13-year history—to focus on China’s major consumption and modern service industries, stand by the private economy, and empower Chinese consumption.

This persistence has earned increasing recognition both within and outside the industry, and Harvest Capital is grateful for it.

Based on desktop research and questionnaire surveys, the 36Kr Venture Capital Research Institute comprehensively evaluated institutions’ performance over the past three years, together with this year’s achievements, across the four key dimensions of fundraising, investing, managing, and exiting. The selection resulted in awards such as “2020 China’s Most Influential Investment Institutions” and “2020 Investors/Investment Institutions in Ten New Economy Sectors.”

Harvest Capital was honored as one of the “Top 20 Consumer Lifestyle Investment Institutions of 2020,” and its Founder, Alan Song, was named among the “Top 10 Investors in China’s National-Trend New Brands of 2020.”

Below are the detailed lists: