On The Financial Environment For The Development Of Risk Investment In China

As a kind of innovation for financial system, Venture Capital has an important strategic significance in developing high and new technology industry and adjusting industrial structure. How to develop the VC industry in our country is an imperative question. As an investment system, VC cannot break away from the finance environment whereabouts. What should be taken into first consideration and be solved is that hoe to establish the finance environment which is suitable to the development of the VC in our country.Ever since the Second World War, the development of the high and new technology changes with every passing day, and it has taken on a speeding development. However, altitudinal uncertainty and severe asymmetric information also come along with the coming of the high and new technology. The traditional financial market cannotProvide fund for it. In the vacancy, via the double agency of the VC investors-VC capitalistsVC enterprises, the VC ,which is with its own characteristic of evading risks, comes up in the financial market. The VC is becoming more mature after the development for tens of years. On the contrary, VC has also led the innovation of the finance and enriched the financial market. This process has incarnated the equilibrium process of the inside antinomy movement in economy system, and it is also the result of non-stop selection and innovation of human beings.We have got some definite advantages in developing VC, but resistance also exists. The most important one is that there exists many factors which block the development of VC in our financial environment. For example, department has led to the short of the fund in VC, the faultiness of the financial market, the non-criterion of the securities business, the postponing of the establishment of the two-board market without no limitation, together with the singularity of the financial agency, lack of powerful financial supervision and the maturity of the rules and laws still remains strengthened. Compared with VC in developed countries, the text puts forward someadvice on how to establish the suitable financial environment for the development and promotion of VC ,under the realism of the development of VC in our country.