The Real Example Analysis Of The Qinghuatongfang Coporation's Venture Capital

Venture capital is a new way of investment and finance, whose development and maturity can not lack the support of capital market. The capital market in China plays a critical role in the start of domestic venture capital. Different from NASDAQ in USA, the capital market in China will assume the dual mission as the source and exit of venture capital at the same time.Public Company in the Key Board Market can apply stock capital to venture capital by director or indirect means; The second Board Market in construction will invest flow capital and lower the admission threshold of high-tech enterprise, thus supporting the development of venture capital.The research of public company venture capital is a huge subject. Therefore the thesis plans to regard state-run stock company of our country as the target for discussing. For further studying this question, I select Qinghuatongfang as case of analyzing.Why has the anthor chosen Qinghuatongfang as the analysis case of the public company venture capital? Qinghuatongfang is an economic cell of economic system of public company, therefore it has general meanings. In term of special meaning, Qinghuatongfang as the epitome of the Qingnhua university, the project is the symbol venture of hig-tech enterprise, can be regarded as an epitomes or sample of the public company ventrue capital, individually Qinghuatongfang con be called the ridgepole and bear of the public company representative of the high-technology enterprise, no matter on its product scale, management level or the income from sale and profit level.The anthor focuse on the composition of the fundemental things in company, the background of venture capital, the project and the section of investment management. We regarded as the typical of the results are shortcomings in venture capital.how to improve the level of venture capital? It thinks that reform should be carried out in following aspects: one to prefect the mechanism of deal initiation and project screening .two to perfect the mechanism of entrepuneors agereny risks by board of directors, three to perfect the exit mechanism of venture capital.The anthor emphasizes that the public venture capital should be handle in twofields .one is to cultivate a good economic environment ,so venture capital channelis clear. The second Board Market will promote, two is to encourage the public company to proceed the venture capital ,to help in every licks. So help the public company to take precede the structure of produce and the structure of estate, the public company will development in lasting .