On Applying Venture Capital Investment To Push On High And New Technology Industrialization

In China, funds shortage is the chief factor affecting transformation rate of achievements of science and technology. Traditional channels of merging capitals such as financial allocation, bank loans and trade merging capitals cannot bring huge capitals which high and new technology industrialization needs. It is most necessary to look for a completely new method of investment and merging capitals according with the demands of development of high and new technology industry. The paper intends to view on this question. There exists natural connecting character between venture capital investment and high and new technology industry, which can play a very important rote in the progress of high and new technology industrialization. Although venture capital investment as a new thing has been developing rapidly in recent years in China, it is only about twenty years after all There are still many factors restricting its huge action on pushing forward the development of high and new technology industrialization. To sum up experiences of America and other countries whose venture capital investment flourish can play a positive role in developing our countrys venture capital investment Finally, this paper puts forward some suggestions to apply venture capital investment to push on high and new technology industrialization. The first is gearing to market, broaden capital sources of venture capital investment The second is in accordance with markets rules, promote and standardize operating mechanism of venture capital investment The third is establishing and perfecting multi-level system of capital market, supply manifold channels of venture capital withdrawal The fourth is to accelerate the enactment and revision of law and regulation on venture capital investment, promote legal environment of venture capital investment The fifth is to suit the internal needs of venture capital investment, fully play economic functions of government in supporting the development of high and new technology industry.This paper consists of five parts:1. The definition and character of venture capital investment2. The impetus venture capital investment gives to high and new technology industrialization3. The status quo and questions of China in applying venture capital investment to push on high and new technology industrialization4. The enlightenment from experiences of foreign countries' applying venture capital investment to push on high and new technology industrialization5. The counter-measure against China' applying venture capital investment to push on high and new technology industrialization...