The Running And Development Of Risk Investment In China

Currently, the mankind has stridden forward 21st century and the importance of knowledge as capital has been reinforced notably. It is sure that the innovation, the forming process of knowledge, is very impartment for the development of the economy. The innovation has already become the inherent strength of economic development and accelerated greatly development of economy. Now, the abilities of innovation of the whole country have increasingly been the decisive factor of comparing in the national economic quality and the international competitiveness day by day. Taking a broad view of our times, if a country wants to strengthen one's own innovative abilities, it is the most important that he must stimulate the innovative demands of the corporation, the economic subject. Only when the corporations have been the main subjects of innovation, the innovation has been the inherent strength of economic development and served production directly and this country could go on the road to sustainable development.Innovation accompanies with the risk. Now, establishing the system of venture capital is the key factor for perfecting the national innovative system, is the important supporting system of the knowledge economy, is high commercialization of scientific and technological achievements, and is incubator and boosting motor of industrialization. Since opening-up and reform, after nearly 20 years of development, China's venture capital has already possessed certain scale and reached a certain level. But comparing with the foreign venture capital in developed countries, his contribution rate of science and technology is very low (only 2.3%), in accelerating the scientific and technical outcome to turn into productivity and commodity. Tracing it to its cause, it is mainly that the venture capital of China is still at the initial stage of development. The conditions of various fields that our country develops the venture capital are not very ripe and a series of questions exist, such as the financing obstacle, the talent obstacle, the establishing venture corporation obstacle, the withdrawal obstacle, the external environment condition obstacle, the service system obstacle and so on. These have become the obstacles for the further development of the China's venture capital. The text attempts to launched theory probing into and application study of the new visual angle on the usual operating mechanism of venture capital and how to establish and perfect China's own venture capital.Firstly we discuss the basic framework of the system of venture capital. The venture capital also is named as the promotion capital and starts an undertaking to make the investment. He is an investment behavior that potential high income and high risk coexist. He invests in the research and development fields of the new and high technology and the products that there are many failures, aiming at impelling the new technological achievement to commercialize as soon as possible and getting a high income. So his main parts and operating mechanism are very different with the usual investment. It is necessary for us to carry on deep research on this. Basing on research of the generally operating mechanism of venture capital, we should establish and perfect the venture capital of our country and furthermore should stress our national matter of fact and market development degree. And after analyzing the current situation of the development of venture capital of our country, the text has expounded the fact emphatically that now establishing and perfecting the China's venture capital system is an inevitable request for guaranteeing the persisting and steady development of Chinese economy and for Chinese long -term prosperity. But at present, a series of questions exist yet in the venture capitals of our country, such as the financing obstacle, the talent obstacle, the establishing venture enterprise obstacle, the withdrawal obstacle, the external environment condition obstacle, the service system obstacle and so on. If these problems can't be r...