High-tech Industry Growth And Thinking, To Build China's Risk Investment Mechanism

The principal nature of investment on economic growth is theexpansion of industry structure. In the modern world, the maindemonstration of competition potential in all the nations is concen-trated on high─tech industry and maturity of industry. The thesisfirst ana1yzes the contribution of organism to the high─tech industrygrowth from the perspective of venture investment, and reviews and-absorbs the course and experience of some developed market econo-my countries (mainly U. S. A. ) in the development of high─tech in-dustry. The author of this thesis then holds that first. key promotingfactor of developing high ─tech industry is to set up a perfect andsound venture investment organism. Finally, the author points outsome defects of venture investment in China, and presents somevaluable suggestions in government policy─making, namely, set upsound venture investment system in private capital, and create soundinstitutional environmental po1icy, especially in tax policy. The au-thor thinks that at present the main source of venture investment isprivate capital, foreign capital and big enterprise group capital, andthat old─age pension fundg should not join the field of venture in-vestment.