Study On The Legal System Of Venture Capital Market Access

Our country's venture capital begins in 80's last century,the government formulate many laws and regulations to regulate venture capital later. It also promote discussions and studies on venture capital. They are concentrated on financial subject and economic subject but little on law theories. Venture capital legal system is a comprehensive system, it includes market access system and so on. Venture capital market access legal system include venture capital main body legal system, venture capital conduct legal system, and also venture capital supervision law system. It is a system including prior qualification review system, conduct system in the middle , government supervision system in the all activity. Venture capital market access legal system should include these regulation contents, first, organization of venture capital enterprises, second, capital and investment members quantity, third, scope of business and investment direction regulations, fourth, managers's qualifications of venture capital enterprises,fifth, about regulators and program. Venture capital market access legal system include substantial law and adjective law. It's particularity reflect on pursuing security value of the law, protecting national's economic interest and security and pursuing efficiency value of the law. Venture capital's successful experience in the European countries showes us that if we want to promote venture capital ,we must improve relevant legal system.Venture capital market access legal system is important in it, but it has many deficiencies in our country . Main performances are the legislative level lower,market access standard higher,statutory enterprise organization single and government guiding weaker, so we should do an in-depth analysis from these aspects to promote venture capital market access legal system and venture capital in our country to promote the construction of Innovate-style country.