The Research On Mechanism Of Venture Capital In Tianjin

In our country, Venture Capital in carving out begins in the middle of 1980s and the State Department approves to establish the first company of Venture Capital in carving out in 1985. It shows that carving out Venture Capital will be developed. Moreover, in the 1990s, the high and new technique industry develops and many high and new technique development areas are established. 《The Provisional Regulations for the Several Policies on the National Hi-Tech Industrial Development Parks》, issued by the State Department in 1991, shows that carving out Venture Capital is thought as be valuable by government. During the plenary session of the central committee of the CPC and the plenary session of the National People's Congress in 1998, the motion《On the Development of Venture Capital in China 》, which was proposed by the central committee of China Democratic National Construction Association, had a great influence in the theory sector.In recent years, carving out Venture Capital has been more and more popular. But it is yet primary. In the beginning of this century, the carving out Venture Capital in Tianjin is to be in the primary stage. Not only are the amount of carving out Venture Capital and the scope of risk capital in Tianjin less than that of Beijing, Shanghai, Shenzhen and so on, but also the high-level professional venture capitalists and the high-level intermediate institutions, which are very good for providing the service for venture capital, are rare as phoenix feathers and unicorn horns. Therefore, carving out venture capital developed only by marketing, "unseen hand", is not enough to adjust and optimize the economic construction and to realize the grand target in Tianjin. According to the international experience of carving out venture capital, the financial found of government is important to guide and promote the development of carving out venture capital in the beginning of carving out venture capital.In my paper, the constitution of mechanism of carving out venture capital is studied. It describes the design, basic function, basic activity of each factor of this system and their correlations. At the same time, it describes the development plan of each stage of this system and its target. It offers the operated projects for the beginning of construction of carving out venture capital in Tianjin. The research on the whole system of mechanism of carving out venture capital in Tianjin, the positioning of government role in mechanism of carving out venture capital, the system of carving out venture capital company and agency, and all kinds of activities related to mechanism of carving out venture capital, can investigate a effective mechanism to promote the high and new technique industry development and construct a favorable condition.