The Development Of The China Venture Capital Countermeasures

The 21st century belongs to knowledge economy, while venture capital is called incubator of knowledge economy, therefore we can expect a large scale of venture capital activities in this century. In order to catch up the steps of other advanced countries in the world, China has no choice but develop venture capital business vigorously. Because of imperfection of domestic capital market, effective system of venture development and progress haven't been established. The domestic venture development still in the stage of starting, as well as the study of it. Apart from daily work, I browsed many relative file resources and cases, as well as having interview with some professional institutions. With focus on workability of development model, project evaluation system, venture capital retreat channel and environment structure of Chinese venture capital, I made a thorough research. Taking reference of foreign experience and my working experience as management consultant, I proposed some method and program which I think would be workable. This essay includes 6 chapters. Chapter 1: Introduction of venture capital. In this chapter, I describe the features of venture capital and the necessity of developing venture capital business in our country. Chapter 2: Entry model of venture capital. I bring out the framework of venture capital developing model by analyzing the existing model and the situation of our country. Chapter 3: Project evaluation system of venture capital. Describe the key points which need to be focused in project evaluation as well as process and methods.Chapter 4: The retreat channel of venture capital. Giving detailed description of all the applicable venture capital retreat channels, advantages and disadvantages, methods by using real cases. Chapter 5: Environment construction of venture capital. Giving detailed description of construction of all the environments which venture capital development will need, including social, politic and economic environment, legal environment, policy environment, technology environment, capital market, agency system and talent environment.Chapter 6: Case analysis. By analysis how SINA going public in NASDAQ, I uncover some experience and lessons which can be learned in venture capital business. This essay tends to be practical, and I hope it can be helpful to those who would like to join the business of venture capital.