Study On The Institution Of Chinese Securities Investment Fund System

Our venture capital systems starts late so far, only 20 years of development history, and because concept and system barrier, scientific, technological and economic system reform don't match, plus the financing channels not unblocked, venture capital market underdeveloped, contractual relationship and the imperfect factors, enable our venture investment development of relatively slow. 2008 after the financial crisis, in order to cope with the crisis, the promotion of financial innovation, perfect multi-level venture capital market construction, the country has issued a series of encouraging venture capital development policies, including launch gem etc, speeding up the development of venture capital. Domestic venture capital market opening-up and arisen and resident's investment awareness and caused a PE hot. Due to the complexity of start-up capital system is an open system, these changes will inevitably lead to venture capital system system environment, institutional arrangements change, to facilitate venture capital system occurring system change. Through literature review can be found, the research of this aspect or blank, therefore, the study venture capital system the nonlinear system system has important realistic meaning and theoretical value.This paper adopts system science theory and the new institutional economics theory of combining research methods, in venture capital system system evolution model as the breakthrough point, our venture capital verification system is an open system, then from the complexity of system science and institutional economics double perspective to study the nature of start-up capital system, On this basis, the first the venture capital system system environment research. On the foreign venture capital system system environment analysis, some will experience abroad and from construction to venture capital investment, intellectual property right and technology transfer and diffusion etc undertake effective protection law system, enforcing the preferential tax dynamics, to cultivate diversified market main body, and actively cultivate business starting investment management talent four aspects efforts. Pass to our country venture capital system analysis, find the institutional environment restriction factor, from policy, law, market, humanities four aspects have been proposed to improve China's venture capital system the system environment of countermeasures. Through to the venture capital system of the macro and micro subsystem macro management system, micro institutional arrangements of the research, find out the venture capital system development and management system vicissitude the causal relationships between for behind the system construction, establishes the foundation. This article through in-depth research on China's venture capital system the complexity system evolution mechanism and the defects of our country and reveal venture capital system change inherent logic, this paper presents a venture capital system of institutional innovation of theoretical basis and policy.