瑞士当地时间2026年1月19日，主题为“A Spirit of Dialogue”的2026年世界经济论坛年会在达沃斯盛大开幕。1月20日，中共中央政治局委员、国务院副总理何立峰在瑞士达沃斯出席世界经济论坛2026年年会并发表致辞。何立峰表示，2017年1月，习近平主席在达沃斯论坛发表重要讲话，中国认真落实，坚定支持多边主义和自由贸易。近年来，习近平主席相继提出四大全球倡议，为解决世界面临的共同问题提供了中国方案。何立峰在论坛致辞中提出四点看法：一要坚定支持自由贸易，携手推动普惠包容的经济全球化。二要坚定维护多边主义，推动完善更加公正合理的国际经贸秩序。三要坚持合作共赢，致力共同做大合作蛋糕，合力破解发展难题。四要坚持相互尊重、平等协商，善用对话妥善管控分歧、解决问题。何立峰还介绍了中共二十届四中全会情况，强调中国发展将为世界带来重要机遇，并与国际工商界人士深入交流。
瑞士当地时间2026年1月21日下午，第四届达沃斯全球母基金峰会在瑞士达沃斯的Hotel Strela酒店成功举办。本届峰会由全球母基金协会、中国国际科技促进会母基金分会联合主办。作为全球母基金行业久违的一次多边对话，本次峰会邀请了近百位全球母基金、基金以及全球领先的风投城市的重量级人物共聚一堂，共同商议跨越经济周期的奥秘，展望全球母基金和基金行业及风投城市的未来发展新方向。
On the afternoon of January 21, 2026, the fourth Davos Global FOF Summit was successfully held at Hotel Strela in Davos, Switzerland. The summit is hosted by the Global FOF Association. As a long-awaited multilateral dialogue in the global fund of funds industry, this summit invited nearly 100 heavyweights from global fund of funds, funds and the world's leading venture capital cities to gather together to discuss the secrets of crossing economic cycles and look forward to the new direction of future development of global fund of funds, fund industry and venture capital cities.
图为全球母基金协会主席 唐劲草
峰会伊始，主办方全球母基金协会主席唐劲草首先向现场来宾致欢迎辞。他对各位嘉宾的参会表达了感谢与欢迎，并预祝各位在达沃斯充分合作交流。
At the beginning of the summit, Jason Tang, Chairman of the Global FOF Association, delivered a welcome speech to the guests. He expressed gratitude and welcome to all attendees and wished them a fruitful exchange in Davos.
图为联合国可持续证券交易所倡议主席，联合国贸易和发展（贸发组织）投资与企业司司长 李楠
联合国可持续证券交易所倡议主席，联合国贸易和发展（贸发组织）投资与企业司司长李楠发表了题为《Global Investment in A Turbulent Era》的演讲，她指出，当前世界正处于动荡、政策不确定性加剧与可持续发展目标（SDGs）融资缺口扩大的十字路口。她援引数据指出，2025年全球外商直接投资（FDI）预计增长14%，但增长几乎全部集中在发达经济体，而流向发展中国家的FDI则下降了2%，凸显了全球资本流动的日益分化。她特别强调，尽管数字经济领域的绿地投资激增（自2020年以来数字服务与数据中心投资分别增长六倍与三倍），但可持续发展和气候行动相关的投资严重不足，存在巨大缺口。她呼吁各国采取综合政策方针，在开放投资、保障国家安全与公共利益之间取得平衡，并真正将可持续发展置于国际投资协定的核心，以引导资本流向更具韧性和包容性的全球发展轨道。
Nan Li Collins, Chair of UN Sustainable Stock Exchanges Initiative (UNSSE)；Divisional Director of Investment and Enterprise, UN Trade and Development (UNCTAD), delivered a speech titled 《Global Investment in A Turbulent Era》. She pointed out that the world is at a crossroads marked by geopolitical turmoil, heightened policy uncertainty, and a widening financing gap for the Sustainable Development Goals (SDGs). Citing data, she noted that global foreign direct investment (FDI) is projected to grow by 14% in 2025, but this growth is almost entirely concentrated in developed economies, while FDI flows to developing economies fell by 2%, highlighting the increasing divergence in global capital flows. She particularly emphasized that although greenfield investment in the digital economy has surged (with investments in digital services and data centers growing sixfold and threefold respectively since 2020), there remains a severe shortage of investment related to sustainable development and climate action, indicating a significant gap. She called on countries to adopt a comprehensive policy approach to balance openness to investment with national security and public interest, and to genuinely place sustainable development at the core of international investment agreements, thereby steering capital towards a more resilient and inclusive global development path.
图为汉柏巍董事总经理 Scott Voss
汉柏巍董事总经理Scott Voss发表了题为《2026 Macro, Market Themes》的演讲。他围绕当前投资者最关注的五大议题，系统分析了宏观经济与私募市场的核心趋势。他指出，尽管全球经济增长预期放缓，但市场在2025年已展现强劲韧性，主要股指均实现两位数回报，这为私募市场活动提供了关键支撑。他进一步强调，虽然全球募资环境面临挑战，但投资活动已出现显著反弹，长期来看私募股权仍是穿越周期的优选资产类别。他还探讨了AI领域的整合趋势、公开与私募市场的动态关系，并对2026年私募市场架构重塑、行业持续分化等趋势作出了预测。
Scott Voss, Managing Director of HarbourVest, delivered a speech titled "2026 Macro, Market Themes." He systematically analyzed core trends in macroeconomics and the private markets around five key topics of greatest concern to current investors. He pointed out that despite slowing global growth expectations, the market showed strong resilience in 2025, with major stock indices delivering double-digit returns, providing crucial support for private market activity. He further emphasized that while the global fundraising environment faces challenges, investment activity has rebounded significantly. In the long term, private equity remains a preferred asset class for navigating cycles. He also discussed consolidation trends in the AI sector, the dynamics between public and private markets, and made predictions for 2026, including a reshaping of private market structures and continued industry differentiation.
图为Eram Holdings董事长兼董事总经理 Dr. Siddeek Ahmed
Eram Holdings董事长兼董事总经理Dr. Siddeek Ahmed发表了演讲，他分享了这家总部位于中东、业务横跨九大垂直领域的综合性控股集团的全球实践与前沿洞察。他重点介绍了集团如何作为“执行平台”，而非单纯的技术供应商，在复杂市场中创造价值。例如，在制造业领域，他分析了中国领先的“暗工厂”（AI驱动无人化工厂）技术全球输出的趋势，并指出Eram的核心能力在于解决技术本地化过程中的监管审批、劳动力培训、供应链对接等实际挑战，能将海外落地周期从3-5年大幅缩短。在医疗健康领域，他探讨了AI医疗模型必须基于区域患者数据进行训练和优化才能有效部署的必要性，并分享了Eram与合作伙伴共同开发针对海湾地区特定疾病AI模型的具体路径。此外，他还展望了小型模块化核反应堆（SMR）作为数据中心和偏远地区可靠能源解决方案的“游戏规则改变者”潜力，以及集团在沙特阿拉伯基于“2030愿景”的扩张战略。他的演讲展现了传统产业集团如何通过深度产业运营与前沿科技应用的结合，捕捉新兴市场的结构性投资机会。
Dr. Siddeek Ahmed, Chairman & Managing Director of Eram Holdings, delivered a keynote speech. He shared the global practices and forward-looking insights of this Middle East-headquartered conglomerate operating across nine business verticals. He highlighted how the group acts as an "execution platform," rather than merely a technology vendor, to create value in complex markets. For instance, in the manufacturing sector, he analyzed the trend of global export of China's leading "dark factory" (AI-driven unmanned factory) technology and pointed out that Eram's core competency lies in solving practical challenges in technology localization, such as regulatory approvals, workforce training, and supply chain integration, significantly shortening the overseas deployment cycle from 3-5 years. In the healthcare sector, he discussed the necessity for AI medical models to be trained and optimized on regional patient data to be effectively deployed, sharing Eram's specific pathway of co-developing AI models for diseases prevalent in the Gulf region with partners. Furthermore, he outlined the potential of Small Modular Reactors (SMRs) as a "game-changer" for providing reliable power to data centers and remote areas, as well as the group's expansion strategy in Saudi Arabia aligned with "Vision 2030." His presentation demonstrated how a traditional industrial conglomerate captures structural investment opportunities in emerging markets by combining deep industrial operations with the application of frontier technologies.
图为中瑞产业服务董事 Roland Wulz
中瑞产业服务董事Roland Wulz发表了题为《Introduction of the China–Europe M&A Investment Club》的演讲。他深入剖析了当前全球跨境投资面临的现实困境：资本虽全球流动，但信任与高效执行却因地缘格局、监管壁垒和技术管控而变得异常复杂。他指出，中国与瑞士在产业与技术方面互补性极强，中国寻求先进的研发能力与高质量工业资产，而瑞士则拥有世界级的大学、深厚的产业知识及尖端创新项目。为解决“兴趣存在，但匹配机制缺失”的核心痛点，他介绍了由母基金研究中心与中瑞产业服务联合发起的中欧并购投资俱乐部。该俱乐部并非传统的交易市场或中介，而是一个基于规则的、经过严格预筛选的机构级合作平台，旨在直接对接中国主权财富基金等长期资本与瑞士及欧洲的优质资产，通过制度化的沟通与尽职调查框架，显著降低交易成本与执行风险，为不确定环境中的跨境投资提供稀缺的“确定性”。
Roland Wulz, Board Member of Sino Swiss Hub, delivered a speech titled "Introduction of the China-Europe M&A Investment Club." He deeply analyzed the practical difficulties facing current global cross-border investment: while capital flows globally, trust and efficient execution have become exceptionally complex due to geopolitics, regulatory barriers, and technology controls. He pointed out that China and Switzerland have strong industrial and technological complementarity. China seeks advanced R&D capabilities and high-quality industrial assets, while Switzerland possesses world-class universities, deep industrial knowledge, and cutting-edge innovation projects. To address the core pain point of "interest exists, but matching mechanisms are lacking," he introduced the China-Europe M&A Investment Club, jointly initiated by the FOF Research Center and Sino Swiss Hub. This club is not a traditional marketplace or intermediary but a rules-based, rigorously pre-screened institutional cooperation platform. It aims to directly connect long-term capital such as Chinese sovereign wealth funds with high-quality assets in Switzerland and Europe. Through an institutionalized communication and due diligence framework, it significantly reduces transaction costs and execution risks, providing scarce "certainty" for cross-border investment in an uncertain environment.
图为RedAlpine Ventures合伙人Rafael Hubatschek
RedAlpine Ventures合伙人Rafael Hubatschek发表了题为《Empowering gamechangers since 2006》的演讲。他分享了其机构作为欧洲顶尖风险投资机构之一，在过去20年间支持超过100家企业的经验。他重点分析了欧洲创新生态系统的独特优势，指出全球十大创新国家中有七个位于欧洲，欧洲正迅速成长为科技人才与风险投资的热土。在瑞士，苏黎世地区已成为人工智能等前沿科技的全球重要枢纽。他强调，当前欧洲成长阶段存在显著的资金缺口，使得估值相较于美国市场存在约30%的折价，为全球投资者创造了极具吸引力的“买方市场”机会。RedAlpine通过其横跨苏黎世、柏林、伦敦和旧金山的网络，采取科学驱动的投资方法论，专注于深度科技领域，致力于链接软件与科学，为投资者发掘并赋能能够塑造未来的行业变革者。
Rafael Hubatschek, Partner of RedAlpine Ventures, delivered a speech titled "Empowering gamechangers since 2006." He shared his firm's experience supporting over 100 companies in the past 20 years as one of Europe's top venture capital firms. He highlighted the unique strengths of the European innovation ecosystem, noting that seven of the world's top ten innovative countries are in Europe, and Europe is rapidly becoming a hotbed for tech talent and venture capital. In Switzerland, the Zurich region has become a global hub for frontier technologies like AI. He emphasized that a significant funding gap exists in the European growth stage, creating a valuation discount of about 30% compared to the US market, offering an attractive "buyer's market" opportunity for global investors. RedAlpine, through its network spanning Zurich, Berlin, London, and San Francisco, employs a science-driven investment methodology focused on deep tech, dedicated to linking software and science to discover and empower industry game-changers shaping the future.
图为全球母基金协会秘书长 王爽
全球母基金协会秘书长王爽发表了题为《Reset & Reshape: Resilience in Global Private Equity Markets & China's New Paradigm》的演讲。她指出，2024-2025年是全球私募市场的“重置之年”，募资环境面临多变挑战，但资本配置正在适应并显现韧性，LP配置意愿保持强劲。她特别分析了中国市场的结构性调整，指出国有资本主导地位增强，市场正从“野蛮生长”转向“高质量发展”，并重点介绍了中国在构建“耐心资本”机制、延长基金期限、建立容错机制以及打造“并购+S基金+灵活退出”的多层次流动性生态系统方面的探索与实践。她展望2026年，认为中国私募股权投资将聚焦低空经济、具身AI等中国供应链优势领域，行业心态将从“防御”转向“进取”。
Shuang Wang, Secretary-General of the Global FOF Association, delivered a speech titled "Reset & Reshape: Resilience in Global Private Equity Markets & China's New Paradigm." She noted that 2024-2025 is a "year of reset" for global private markets. While the fundraising environment faces challenges from "volatile weather" like geopolitics, capital allocation is adapting and showing resilience, with LP allocation intentions remaining strong. She specifically analyzed the structural adjustments in the Chinese market, pointing out the enhanced dominance of state-owned capital and the market's shift from "wild growth" to "high-quality development." She highlighted China's explorations and practices in building a "patient capital" mechanism, extending fund durations, establishing fault-tolerant mechanisms, and creating a multi-level liquidity ecosystem featuring "M&A + S funds + flexible exits." Looking ahead to 2026, she predicted China’s investment will focus on areas where China has supply chain advantages, such as the low-altitude economy and embodied AI, with the industry mindset shifting from "defensive" to "proactive."
图为COL集团创始人、主席兼总裁 童之磊
COL集团创始人、主席兼总裁童之磊发表了题为《Micro-Drama: The Next $100B Global Opportunity》的演讲。 他指出，微短剧作为新一代内容形态，正开启一个规模达千亿美元的全球市场机遇。他以中国微短剧市场在四年内超越电影产业规模的成功案例，论证了这一模式的巨大潜力。他认为，现代生活日益碎片化，用户对单价低、单集时长短但剧情紧凑的内容消费需求强烈，这使得微短剧平台在用户付费意愿（ARPPU）、观看时长和全球用户基础方面展现出超越传统长视频流媒体的商业前景。他介绍了其旗下平台FlareFlow的快速发展，该平台在推出后短期内便实现月收入突破千万美元、日活跃用户超百万的里程碑。童之磊强调，COL集团作为行业内唯一覆盖全产业链的参与者，其核心竞争力在于依托自研AI大模型“逍遥”，实现了从AI剧本创作、AI广告素材生成到AI视频生产的全流程赋能，这将塑造微短剧时代的“新Netflix”。
Zhilei Tong, Founder, Chair and President of COL Group, delivered a speech titled “Micro-Drama: The Next $100B Global Opportunity.” He pointed out that micro-drama, as a new generation of content format, is unlocking a global market opportunity worth hundreds of billions of dollars. Citing the successful case of China's micro-drama market surpassing the scale of the film industry within just four years, he demonstrated the enormous potential of this model. He argued that increasingly fragmented modern life has created a strong demand for content that is low-cost per episode, short in duration per installment, yet tightly plotted, giving micro-drama platforms superior commercial prospects in terms of user willingness to pay (ARPPU), viewing time, and global user base compared to traditional long-form streaming media. He introduced the rapid development of its platform FlareFlow, which achieved milestones of monthly revenue exceeding ten million dollars and daily active users surpassing one million within a short period after launch. Tong emphasized that as the only full-industry-chain player in the segment, COL Group's core competitiveness lies in its end-to-end empowerment through its proprietary AI model “Xiaoyao,” enabling everything from AI script creation and AI-powered ad material generation to AI video production, which will shape the “new Netflix” of the micro-drama era.
圆桌论坛环节，两场深度对话接连展开。
During the panel discussion sessions, two in-depth dialogues unfolded consecutively.
图为以《Macro Strategies and Industry Transformation for Global VC/PE in 2026》为主题的圆桌论坛
第一场论坛以《Macro Strategies and Industry Transformation for Global VC/PE in 2026》为主题，由中央财经大学绿色金融国际研究院院长王遥主持，深度对话嘉宾Fusion Fund创始管理合伙人张璐、The Black Circle CEO/Chairman and investor Alexander Tai、禾赛科技联合创始人兼CEO李一帆、北京颐合中鸿律师事务所合伙人虞梦洁，围绕AI投资的主要趋势与估值泡沫出清情况以及2026年全球经济与投资格局的关键变化与资产配置策略调整等议题展开了深度对话。
The first panel, themed "Macro Strategies and Industry Transformation for Global VC/PE in 2026," was moderated by Yao Wang, Director General of the International Institute of Green Finance at the Central University of Finance and Economics (CUFE). In-depth dialogue guests included Lu Zhang, Founder & Managing Partner of Fusion Fund; Alexander Tai, CEO/Chairman and investor of The Black Circle; David Li, Co-Founder & CEO of Hesai Technology; and Mengjie Yu, Partner of Beijing Alliance J&S Law Firm. They engaged in deep discussions on topics such as the main trends and valuation bubble clearance in AI investment, as well as key changes in the global economic and investment landscape for 2026 and adjustments in asset allocation strategies.
图为以《New Paradigm of Cross-border Investment: Balancing Opportunities and Risks》为主题的圆桌论坛
第二场论坛聚焦《New Paradigm of Cross-border Investment: Balancing Opportunities and Risks》，由Palm Drive Capital创始合伙人陈希孟主持，深度对话嘉宾方源资本董事长兼首席执行官唐葵、高特佳投资集团总经理孙佳林、Skydao Trust股东与执行董事Doris Wang，共同探讨了全球产业链重构背景下的新兴跨境投资赛道以及长周期股权投资中技术成熟度与估值泡沫的平衡之道与风险管理等核心问题。
The second panel focused on "New Paradigm of Cross-border Investment: Balancing Opportunities and Risks," moderated by Seamon Chan, Founding Partner of Palm Drive Capital. In-depth dialogue guests included Frank Tang, Chairman & CEO of FountainVest; Jialin Sun, General Manager of GTJA Investment Group; and Doris Wang, Shareholder/Executive Director of Skydao Trust. They jointly explored core issues such as emerging cross-border investment sectors against the backdrop of global industrial chain restructuring, and the balancing act and risk management between technology maturity and valuation bubbles in long-cycle equity investments.
在峰会上，全球母基金协会重磅发布了2025全球最佳投资机构榜单，并举行了颁奖仪式。该榜单由全球母基金协会邀请欧美、中东等地区的投资协会推荐、评比打分选出，包括全球最佳母基金、全球最具潜力母基金、全球最佳S基金、全球最具影响力母基金投资人、全球最佳基金、全球最具潜力基金、全球最具影响力VC/PE投资人、全球最佳风投城市、全球发展最快风投城市九项奖项。
At the summit, the Global FOF Association grandly released the 2025 List of the World's Best Investment Institutions and held an award ceremony. The list, selected through recommendations and scoring by investment associations from Europe, the US, the Middle East, and other regions invited by the Global FOF Association, includes nine categories: the world's best-performing FOFs, the world's most promising FOFs, the world's best secondary funds, the world's most influential FOF investors, the world's best-performing funds, the world's most promising funds, the world's most influential VC/PE investors, the world's best cities for venture capital, and the world's fastest-growing cities for venture capital.
图为全球母基金协会执行主席 王鹏
本届峰会由全球母基金协会执行主席王鹏主持。
The summit was hosted by Peng Wang, Executive Chairman of the Global FOF Association.
图为第二届“华夏之夜”活动
1月21日晚，第二届“华夏之夜”活动成功举办。在活动上，嘉宾们进行了充分、愉快的交流，活动在对全球金融行业的美好期盼愿景中圆满落下帷幕。
On the evening of January 21, the second "Night of Finance" event was successfully held. At the event, the guests had a full and pleasant exchange, and the event ended successfully with a beautiful vision for the global financial industry.
继2020、2024、2025年之后，本届达沃斯全球母基金峰会的中国参会嘉宾代表团，继续保持了最大规模的中国非官方达沃斯代表团记录。在为期数日的行程中，主办方还组织与会嘉宾们参加了多场丰富的活动：
Following 2020, 2024, and 2025, the Chinese delegation to this Fourth Davos Global FOF Summit continued to maintain the record for the largest unofficial Chinese delegation to Davos. During the multi-day itinerary, the organizer also arranged various rich activities for the participants:
1月19日晚，全球母基金协会在苏黎世举办了欢迎晚宴，欢迎本次参加第四届达沃斯全球母基金峰会的各位嘉宾，晚宴在欢快的气氛中落下帷幕。
On the evening of January 19, the Global FOF Association held a welcome dinner in Zurich for the guests attending the Fourth Davos Global FOF Summit. The dinner concluded in a cheerful atmosphere.
1月20日，与会嘉宾参加了由全球母基金协会、中国国际科技促进会母基金分会联合主办的达沃斯全球母基金峰会云顶论坛，本届论坛主题为“携手母基金同行，共赴全球经济新征程”。
On January 20, participants attended the Davos Global FOF Summit Cloud Top Forum, sponsored by Global FOF Association. The forum's theme was "Joining Hands with FOFs to Embark on a New Journey for the Global Economy."
清华大学教育基金会秘书长袁桅发表了题为《守正创新，行稳致远——清华大学教育基金会的投资实践与中国特色慈善资产保值增值之路》的演讲。袁桅秘书长系统介绍了清华大学教育基金会作为国内首家高校基金会在慈善资产保值增值方面的探索与实践。她指出，稳健卓越的投资管理是慈善事业可持续发展的关键支柱。截至2024年末，清华基金会资产管理规模约116亿元，累计实现投资收益超65亿元。她分享了基金会借鉴全球一流捐赠基金与主权机构的经验，采用以整体投资组合方法（TPA）为核心的大类资产配置框架，构建了覆盖一二级市场、多元资产与策略的投资组合。她特别阐述了基金会在依托清华科创生态开展“产学研投”闭环投资、通过母基金与S基金分散风险、以及创新运用一二级联动策略捕捉结构性机会等方面的具体实践与丰硕成果，并展望了在新一代信息技术、先进制造、碳中和与前沿科技等领域的未来投资机遇，为中国公益资产的长期、稳健、专业管理提供了“清华范式”。
图为清华大学教育基金会秘书长 袁桅
Wei Yuan, Secretary-General of the Tsinghua University Education Foundation, delivered a speech titled "Upholding Integrity While Innovating, Advancing Steadily and Going Far – The Investment Practice of Tsinghua University Education Foundation and the Path to Preserving and Increasing the Value of Charitable Assets with Chinese Characteristics." Secretary-General Yuan systematically introduced the exploration and practice of the Tsinghua University Education Foundation, the first university foundation in China, in preserving and increasing the value of charitable assets. She pointed out that robust and excellent investment management is a key pillar for the sustainable development of charitable causes. By the end of 2024, the Tsinghua Foundation's assets under management reached approximately RMB 11.6 billion, with cumulative investment returns exceeding RMB 6.5 billion. She shared how the foundation draws on the experience of global top-tier endowment funds and sovereign institutions, adopts a total portfolio approach (TPA)-centric framework for major asset allocation, and has built an investment portfolio covering primary and secondary markets with diversified assets and strategies. She particularly elaborated on the foundation's specific practices and fruitful results in conducting "industry-university-research-investment" closed-loop investment relying on Tsinghua's innovation ecosystem, diversifying risks through FOFs and S funds, and innovatively applying primary-secondary market linkage strategies to capture structural opportunities. She also looked forward to future investment opportunities in areas such as next-generation information technology, advanced manufacturing, carbon neutrality, and frontier technology, providing a "Tsinghua Model" for the long-term, steady, and professional management of Chinese public welfare assets.
在圆桌论坛“跨越周期——全球经济“重置”下的投资新策略”中，全球母基金协会执行主席王鹏作为主持人，深度对话嘉宾达晨财智董事长刘昼，鲲鹏一创总经理罗再宏，中央财经⼤学绿⾊⾦融国际研究院院长王遥，围绕在全球经济经历“重置”的背景下母基金作为跨周期配置的重要力量应如何重新定位自身的全球资产配置逻辑，以及母基金应如何协同国资LP、产业资本与市场化机构构建真正服务于长期价值与产业创新的资本生态等问题展开了讨论。
图为圆桌论坛“跨越周期——全球经济“重置”下的投资新策略”
In the panel discussion titled "Navigating Cycles – New Investment Strategies Under the Global Economic 'Reset'", Peng Wang, Executive Chairman of the Global FOF Association, served as the moderator. In-depth dialogue guests included Zhou Liu, Chairman of Fortune Venture Capital; Zaihong Luo, General Manager of Shenzhen Kunpeng Yichuang Private Equity Investment Management Co., Ltd.; and Yao Wang, Director General of the International Institute of Green Finance at the Central University of Finance and Economics (CUFE). They discussed topics such as how FOFs, as important forces for cross-cycle allocation, should reposition their global asset allocation logic against the backdrop of the global economy undergoing a "reset," and how FOFs should collaborate with state-owned LPs, industrial capital, and market-oriented institutions to build a capital ecosystem that truly serves long-term value and industrial innovation.
1月20日，与会嘉宾还参加了世界经济论坛的公开论坛。
On January 20, participants also attended open forums of the World Economic Forum.
在1月22日，与会嘉宾将在主办方组织下先后参访列支敦士登皇家银行（LGT）与瑞银集团（UBS）。LGT作为全球最大的由家族持有并经营的私人银行与资产管理集团，以其长期视野与可持续投资理念著称；UBS则是欧洲最大的金融控股集团之一，业务覆盖投资银行、财富管理及资产管理等领域。嘉宾与两家机构的代表将就全球资产配置、跨境资本流动及ESG投资实践等议题进行深入交流。
On January 22, participants, organized by the host, will visit Liechtensteinische Landesbank and UBS Group. LGT, as the world's largest private banking and asset management group owned and operated by a family, is known for its long-term perspective and sustainable investment philosophy. UBS is one of Europe's largest financial holding groups, with businesses covering investment banking, wealth management, and asset management, among others. Guests will engage in in-depth exchanges with representatives from both institutions on topics such as global asset allocation, cross-border capital flows, and ESG investment practices.
1月23日，嘉宾们将参访苏黎世联邦理工学院（ETH Zurich）。作为连续多年位居欧洲大陆首位的顶尖理工大学，ETH在人工智能、机器人、可再生能源及生命科学等前沿领域拥有深厚的研究积淀与创新生态。参访团与校方及科研人员将围绕科技成果转化、产学研协同机制以及深度科技投资机遇等话题展开对话与探讨。
On January 23, guests will visit ETH Zurich. As a top university of science and technology consistently ranked first in continental Europe for many years, ETH possesses profound research heritage and an innovation ecosystem in frontier fields such as artificial intelligence, robotics, renewable energy, and life sciences. The visiting group will engage in dialogue and discussions with university officials and researchers on topics including technology transfer, industry-university-research collaboration mechanisms, and investment opportunities in deep tech.
第四届达沃斯全球母基金峰会是继首届、第二届、第三届达沃斯全球母基金峰会后，全球母基金行业久违的又一场投资盛会，亦是全球母基金2026年的开年大会。此前的三届达沃斯全球母基金峰会，获得了全球私募股权投资行业的广泛认可：
The Fourth Davos Global FOF Summit is another long-awaited major investment event for the global fund of funds industry following the first, second, and third summits, and also serves as the opening conference for global fund of funds in 2026. The previous three Davos Global Fund of Funds Summit was widely recognized by the global private equity investment industry:
瑞士当地时间2020年1月21日，由全球母基金协会主办的“达沃斯全球母基金峰会”在瑞士达沃斯酒店圆满落幕。在峰会上，首份全球最佳投资机构榜单发布，全球母基金协会成立仪式成功举行。全球母基金协会于2019年12月12日在瑞士合法注册，并由来自包括美国、欧盟、中国等八个国家和地区的11家当地领先的股权投资类及母基金类行业协会联合发起。创新工场董事长兼首席执行官李开复，香港创业及私募投资协会中国委员会主席曾光宇，达沃斯世界经济论坛顾问、INSEAD创新与企业管理系终身教授罗小薇，长江商学院助理院长、欧洲首席代表季波，GroveStreet管理合伙人Bruce Ou，瑞中经济协会主席Felix Sutter，UBS Group AG董事总经理Thomas Bögli，欧亚论坛主席Ailian Zhu等为全球母基金协会的成立剪彩。
On January 21, 2020 (Swiss local time), the "Davos Global FOF Summit" hosted by the Global FOF Association concluded successfully at a hotel in Davos, Switzerland. At the summit, the first List of the World's Best Investment Institutions was released, and the founding ceremony of the Global FOF Association was successfully held. The Global FOF Association was legally registered in Switzerland on December 12, 2019, and jointly initiated by 11 leading local private equity and fund of funds industry associations from eight countries and regions including the United States, the European Union, and China. Kai-fu Lee, Chairman and CEO of Sinovation Ventures; Guangyu Zeng, Chairman of the China Committee of the Hong Kong Venture Capital and Private Equity Association; Xiaowei Luo, Advisor to the World Economic Forum in Davos and Tenured Professor of Innovation and Business Administration at INSEAD; Ji Bo, Assistant Dean and Chief European Representative of Cheung Kong Graduate School of Business; Bruce Ou, Managing Partner of GroveStreet; Felix Sutter, Chairman of the Swiss-Chinese Chamber of Commerce; Thomas Bögli, Managing Director of UBS Group AG; Ailian Zhu, Chairman of the EurAsia Forum, among others, cut the ribbon for the establishment of the Global FOF Association.
图为全球母基金协会成立仪式
Founding ceremony of the Global FOF Association
作为2020年全球母基金行业的开年大会，同时也作为全球母基金行业的首次多边对话，首届达沃斯全球母基金峰会让世界听到更多的“中国声音”，看到中国投资界特别是母基金行业的崛起与发展，中央电视台也报道了此次峰会。
As the opening conference of the global fund of funds industry in 2020 and also the first multilateral dialogue within the industry, the First Davos Global FOF Summit allowed the world to hear more "Chinese voices" and witness the rise and development of China's investment community, especially the fund of funds sector. CCTV also reported on this summit.
中央电视台对首届达沃斯全球母基金峰会的报道
CCTV's coverage of the first Davos Global FOF Summit
瑞士当地时间2024年1月17日下午，第二届达沃斯全球母基金峰会在瑞士达沃斯成功举办。作为2024年全球母基金行业的开年大会，在峰会上，全球母基金协会重磅发布了2023全球最佳母基金机构榜单，并举行了颁奖仪式。人民日报也报道了此次峰会。
On the afternoon of January 17, 2024 (Swiss local time), the Second Davos Global FOF Summit was successfully held in Davos, Switzerland. As the opening conference of the global fund of funds industry in 2024, the Global FOF Association grandly released the 2023 List of the World's Best FOF Institutions and held an award ceremony at the summit. People's Daily also reported on this summit.
图为人民日报对第二届达沃斯全球母基金峰会的报道
The picture shows the People's Daily's report on the second Davos Global FOF Summit
瑞士当地时间2025年1月22日下午，第三届达沃斯全球母基金峰会在瑞士达沃斯的Hotel Strela酒店成功举办。本届峰会以“投资中国 开放创新”为主题，继2020年和2024年之后，本届达沃斯全球母基金峰会的中国参会嘉宾代表团，继续保持了最大规模的中国非官方达沃斯代表团记录。在峰会上，全球母基金协会重磅发布了2024全球最佳母基金机构及相关榜单，并举行了颁奖仪式。在峰会现场，中央电视台采访并报道了峰会演讲嘉宾合众集团董事总经理Roy Baumann。
On the afternoon of January 22, 2025, the third Davos Global FOF Summit was successfully held at Hotel Strela in Davos, Switzerland. Following 2020 and 2024, the Chinese delegation to the Davos Global FOF Summit continued to maintain the record of the largest Chinese unofficial Davos delegation. At the summit, the Global FOF Association released the "List of the World's Best FOF Investment Institutions in 2024" and held an award ceremony at the summit. At the summit, CCTV interviewed and reported on Roy Baumann, the keynote speaker, Managing Director of Partners Group.
中央电视台采访并报道了峰会演讲嘉宾合众集团董事总经理Roy Baumann
此次第四届达沃斯全球母基金峰会既是对2025年全球母基金行业发展情况的总结，也将为2026年行业的发展带来新的方向和动力。全球母基金行业未来可期！
This Fourth Davos Global FOF Summit not only summarizes the development of the global fund of funds industry in 2025 but will also bring new directions and momentum for the industry's development in 2026. The future of the global fund of funds industry is promising!
第四届达沃斯全球母基金峰会重要嘉宾名单：
List of lmportant Guests of The Fourth Davos Global FOF Summit：
北京清控永辉投资管理有限公司 版权所有