For the high-tech venture capital, Anbound's view has always been more alternative, that most of the technology venture capital is actually the consumption of wealth, especially during the time of serious excess of capital. Anbound does not deny the role of technological development, but high amount of capital chasing for high-tech investment will bring a negative effect, which is different from the war capital consumption patterns. Anbound warns that the global technology stocks will face storms ahead; in fact the technology industry is shrinking, and it is necessary to clean up the dispensable toxic assets or false assets. China and the United States should be especially well-prepared as the investments of two countries in previous years in the field of science and technology investment are very obvious, and the impact will also be relatively larger.