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Research On Cooperation Law Providing System Supports For Venture Capital In China

Posted on:2012-06-03Degree:MasterType:Thesis
Country:ChinaCandidate:X J ZhaoFull Text:PDF
GTID:2216330371963607Subject:Science of Law
Abstract/Summary:PDF Full Text Request
The development of Chinese venture capital can't do without the system supports from cooperation law. According to venture capital's operation process and cooperation law provisions,we can see cooperation law product effects to venture capital from three aspects.It is the system supports to venture capital's subject from the cooperation law that decided the normal development of the venture capital. these supports mainly display in providing conveniences to found venture capital firm and start-up enterprise. Our cooperation law takes statutory capital system, so many rules against the foundation of venture capital firm and start-up enterprise. But venture capital needs more comfortable capital system,so we can consider about our national conditions to introduction Compromise capital system to fit venture capital's development.It is the supports to investment tools from the cooperation law that make venture capital going on smoothly. Because preferred stock and Convertible Bond can solve profits allocation between subjects well,they becomes the widely used investment tools in international venture capital. But the provisions of our cooperation law lack of preferred stock,and the provisions limited the issued subjects of Convertible Bond to public company. This provisions have hinder the development of investment tools,so hinder the development of venture capital too.It is the supports to exiting from start-up enterprise from cooperation law that guarantee the venture capital's successfully completed. Venture capital's exiting way includes IPO,Equity transfer and Share Buyback. But the provisions of our cooperation law goes against of these exiting ways, so cannot fit the development of venture capital.Therefore,our cooperation law has the spirit of inspiring venture capital and it really gives some system supports to venture capital,but these supports are not enough for venture capital's development,so we must complete our cooperation law.
Keywords/Search Tags:Cooperation law, Venture capital, System supports
PDF Full Text Request
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