The Research On Financing Tactics Of Changsha Science&Technology Venture Capital Co., Ltd

The world macroeconomic is gradual recovery from the financial crisis and the capital market roses rational supported by the real economy. So venture capital industry has experienced a gradual shift from the trough the process of prosperity. The introduction of GEM established a normal exit mechanism for venture capital and venture capital enterprises and also laid an essential foundation for the long-term development of the industry. Meanwhile, the city of Changsha, which is one of the central city, is standing at a new historical point, how to achieve accelerated development of new tactic breakthrough has become an important issue for the development of Changsha. Which needs to be noted that, the risk investment and financing system which is an important support for economic development in Changsha is the chain of financing scientific and technological innovation. Moreover, the risk investment and financing system solves the serious problem of information asymmetry in the financing process of technological innovation, and promotes rapid economic development in Changsha city. As the oldest pure state-owned investment company in Changsha, whether Changsha Science and Technology Venture Investment Management Co., Ltd. can seize the opportunity of the development of the industry to lead the investment and financing system in Changsha City, take effective financing tactic and build a reasonable risk of the investment and financing mechanism is worth studying.This study using the theory of venture capital as a starting point, based on the risk capital theory, using the case study methods, study the financing tactic of venture capital in Changsha city. First, we analyzes the development of China’s venture capital market history and current situation in the macro-environment, and focus on analysis of venture capital financing difficult environment in Changsha. Then, we regard Changsha Science and Technology venture capital Company as the platform, specifically analyze of the company’s status and problems of financing, and analyze the reasons for these problems. Finally, according to status and problems of corporate finance of Changsha Science and Technology venture capital Company, we research the company’s financing tactic. And from the company’s own point of view, the paper proposes safeguards for the implementation of corporate tactic. Based in Changsha Science and technology venture capital firm’s the actual situation of financing, we have designed a set of targeted, operational financing tactics, which are benefit to improve Changsha science and technology venture capital firm’s financing ability,and also have a greater important in promoting the financing of the same types of enterprises.