In the first quarter of 2020, affected by the COVID-19 epidemic, the financial market became turbulent, and the global economic prosperity declined significantly after March. The global stock market is in great turmoil, the liquidity crisis of the US dollar broke out, assets were sold off, and the prices of risky assets and safe-haven assets plunged one after another. The VIX index rose more than the financial crisis in 2008. In the latest World Economic Outlook Report released by the International Monetary Fund, the world economic growth is facing the most serious blow since the Great Depression in the 1930s: for the first time, the world is facing the simultaneous recession of both developed and emerging economies. The IMF predicts that the global GDP growth will shrink by 3% in 2020, and the global economy will recover to the 5.8% YoY growth level in 2021. The COVID-19 epidemic will cause losses of about US$9 trillion worldwide in the next two years, exceeding the total GDP of Japan and Germany. If the epidemic continues until 2021, global GDP may shrink by 2.2% next year.

In the first quarter of 2020, affected by the COVID-19 epidemic, the financial market became turbulent, and the global economic prosperity declined significantly after March. The global stock market is in great turmoil, the liquidity crisis of the US dollar broke out, assets were sold off, and the prices of risky assets and safe-haven assets plunged one after another. The VIX index rose more than the financial crisis in 2008. In the latest World Economic Outlook Report released by the International Monetary Fund, the world economic growth is facing the most serious blow since the Great Depression in the 1930s: for the first time, the world is facing the simultaneous recession of both developed and emerging economies. The IMF predicts that the global GDP growth will shrink by 3% in 2020, and the global economy will recover to the 5.8% YoY growth level in 2021. The COVID-19 epidemic will cause losses of about US$9 trillion worldwide in the next two years, exceeding the total GDP of Japan and Germany. If the epidemic continues until 2021, global GDP may shrink by 2.2% next year.

2020年第一季度受新冠疫情影响，金融市场动荡开年，全球经济景气度在3月份以后显著下行。全球股票市场急剧动荡，美元流动性危机爆发，资产遭遇抛售，风险资产、避险资产价格陆续暴跌。VIX指数上升幅度超过2008年金融危机水平。在国际货币基金组织发布的最新一期《世界经济展望报告》中，世界经济增长正在遭遇上世纪30年大萧条以来最严重的打击：全球第一次面临发达经济体和新兴经济体同时进入衰退。

2020年第一季度受新冠疫情影响，金融市场动荡开年，全球经济景气度在3月份以后显著下行。全球股票市场急剧动荡，美元流动性危机爆发，资产遭遇抛售，风险资产、避险资产价格陆续暴跌。VIX指数上升幅度超过2008年金融危机水平。

2020年第一季度受新冠疫情影响，金融市场动荡开年，全球经济景气度在3月份以后显著下行。全球股票市场急剧动荡，美元流动性危机爆发，资产遭遇抛售，风险资产、避险资产价格陆续暴跌。VIX指数上升幅度超过2008年金融危机水平。

2020年第一季度受新冠疫情影响，金融市场动荡开年，全球经济景气度在3月份以后显著下行。全球股票市场急剧动荡，美元流动性危机爆发，资产遭遇抛售，风险资产、避险资产价格陆续暴跌。

2020年第一季度受新冠疫情影响，金融市场动荡开年，全球经济景气度在3月份以后显著下行。全球股票市场急剧动荡，美元流动性危机爆发，资产遭遇抛售，风险资产、避险资产价格陆续暴跌。

China’s VC/PE market was recovering from the COVID-19:LP: LP's contribution to new funds was hindered by the blocked due diligence. However, more people went back to work as the pandemic was controlled. State-owned assets have made the largest contribution in the LP market while overseas LP has encountered with difficulties.

根据清科旗下私募通数据显示，2020年第一季度PE机构共新募集335支可投资于中国大陆的基金，共募得1776.54亿元；投资方面，共发生597起投资案例，披露金额为833.15亿元；退出方面，共发生293笔退出案例。

清科研究中心数据显示： 2020年第一季度VC市场共新募集80支可投资于中国大陆的基金，募集金额为267.99亿元；投资方面发生554起交易，披露金额251.22亿元人民币；退出方面共计发生181笔交易。