A Study On The Venture Capital Operating Mechanism Of Tourism Industry

With the establishment of the socialist market economy, china's tourism industry has kept growing. But for a long time, the tourism development is in the lack of funds into difficulties, the tourism industry in urgent need of venture capital development of such a tools. Venture capital is one kind of the innovative finance implement gathering resource such as fund, technology, administration, is also that the capital taking changing risk, raising the efficiency of the operation of capital as characteristic is in motion and does business way. Introduced the venture capital in the traveling industry and constructs the science feasible operational mechanism in our country is still a brand-new enterprise. Based on this, the paper plans take the venture capital theoretical analysis as a breakthrough point, and actual unifies, methods and so on. To build and improve the tourism industry to run the risk of investment mechanism with a view to the specific way to the venture investment enterprises to provide a useful reference decisions.The full text is divided five parts besides the introduction:The first part is the describtion of the general theory on the venture capital and its operating mechanism. Papers by comparison of the definition of venture capital, and with other investment and financing mechanism for comparison, illustrates a set of venture capital financing, investment, corporate management and capital operation in one of the systemic financial engineering; second part is the focus of papers proposed tourism venture capital operating mechanism of the theoretical framework. Venture Capital tourism industry is the operational mechanism of the contents of venture capital raised from this angle cut into the venture capital activities, from the venture capital operation of combining all aspects of a mechanism is to ensure that the risk of system risk-free capital advance and retreat mechanism for the eventual realization of capital gains. Papers from the tourist venture capital mechanism for the operation of the process will run into a mechanism for venture capital raising, venture capital organizations, mechanisms, risk investment regulatory framework, risk-sharing mechanisms, venture capital withdrawal mechanism. Partâ…¢describes the risks of investment in China's tourism industry development situation and existing problems. China is at risk investment in the tourism industry, building, design, and trying process. Period, the Government, enterprises, and some listed companies begun to focus on tourism investment and financial projects, a number of foreign venture capital funds and investment institutions have begun to settle down in China. Venture Capital tourism industry with the development of operational mechanisms have also been some outstanding issues. The fourth part of the main analysis of the United States, Italy, venture capital operation mechanism of the content and experience, and summed up the experience can learn to encourage the diversification of sources of capital, strengthen the Government's guidance and control, the development of joint investment. The fifth section presents perfecting China's tourism industry the main operating mechanism of risk investment approach:focus on diversification of investment bodies, the tourism industry should establish a venture capital with the government, private enterprises,listed companies and overseas venture capital funds a wide range of sources and to expand investment in the tourism industry, that can be involved in the field; active in venture capital in the transformation of government functions, strengthening its guidance, oversight role, in particular, to establish a and. improve the system of accountability for government investment; strengthen policy guidance and the legal system, through the great efforts to develop property rights transaction, so that transfer of shares as a tourist venture capital exit the main way.