The Research On Exit Mechanism Of Venture Capital

The existing mechanism of venture investment in China is unsound, that has conditioned the development of venture investment. A perfect exit mechanism of venture capital becomes the key that investment return can be got successfully. Retreat systems of venture capital in our country still have a lot of problems that can't being ignored. Lack of smooth retreat channel of venture capital has becoming bottleneck that restrains development of venture capital. Therefore, it is imperative for development of our country's venture capital to take effective measures to solve the problem.The exit mechanism of venture capital involves two respects, the ways of exit and the markets of exit. The thesis compares the ways of exit, and evaluates the situation of exit mechanism of venture capital in China. At last it comes to the conclusion that China must use the experiences of U.S. and Germany for reference to form a maturity exit mechanism by opening up the exiting ways and perfect the environment of exit , such as making the best of foreign second board markets, developing Chinese property right market and counter market. Otherwise, our government must create a favorable policy circumstance for venture capital to quit.