China Venture Capital Ipo Exit Fraud Legal Issues

Venture Capital(VC) is an attractive innovation of the finance institution in the world.In this thesis,it is to study the economic issue from the jurisprudential angle through the study of the legal issue related to the deceit to come out the idea and countermeasure to build up and perfect the legal system for deceit control during China's VC IPO withdraw.The study objects in this thesis include both the theoretical research and the demonstration study.It's to implement the comparison study methodology and consider how to setup the law and regulations to keep away the deceit during VC IPO withdraw.The thesis is designed to discuss the topic with five parts.Preface,to introduce the importance of VC to our country's economy and the function of VC withdraw for VC investment and IPO,the primary withdraw way for VC,and also to introduce the research scope and study methodology of this article and to raise the idea to build up and perfect the legal system to keep away the deceit with the VC IPO withdraw.Part One-General introduction of the VC IPO withdraw.It's to introduce the concept and the character of VC withdraw,the ways of VC withdraw,the VC IPO withdraw and the concept of Growth Enterprise Market(GEM).Moreover,it explains the operation character and mode of the GEM and the relationship between the GEM and VC IPO withdraw.Part Two-The Legal Issue of the Deceit during the IPO,firstly,it's to introduce the concept and the connotation of the deceit during the IPO and analyse the potential risk that VC may transfer their own risk to the capital market and treat the GEM for IPO as a crematory for crazily grapping money and transfer the non-performing investment after the GEM has been built up and VC IPO mechanism becomes workable.Then it's to raise the new idea to regulate the deceit during the VC IPO from inspection, information disclosure,legal responsibility etc.three directions.Part Three-Reform and Perfect the Regulatory System.Firstly,it's to introduce some experience and lessons of the poor regulatory in other countries and discuss the problems of China's current regulatory system like lax regulatory,lack of self-regulatory etc.and bring out the ideas for the problem solving through the theoretical analysis-to obey the current limited laws,to emphasize the sustainable execution of law,to desalinate the government direct control for the mutil-layers regulatory system integrated with government regulatory and self-regulatory.Part Four-Compulsive information disclosure system.It's to introduce the theoretical foundation of compulsive information disclosure and discuss the definition of "Importance" of information in China and oversea.Meanwhile,it's to discuss the principle of China's information disclosure system:1.Sufficiency and Integrality,2.Facticity and Accuracy 3.Timely and raise the idea that China should transform from the substantiality checkup system to compulsive information disclosure system in the GEM.Part Five-Perfect the Civil compensation system and increase the cost of deceit.It's to summarize the current situation of civil compensation practice in China's security market to come out the conclusion that China's current civial compensation system cannot support VC IPO withdrawal's healthy and continual development.Moreover,it discusses the issue of presetting program and lawsuit ways in China's security civil compensation in details and raise the principles to perfect China's security deceit civil responsibility system and the ideas to rebuild the security civil compensation case lawsuit model.