Risk Identification And Control Of Venture Capital Funds For Investment In The Cultural And Creative Industries

Along with the further deployment of the essence of instruction by the sixth plenarysession of the17th Central committee of the Communist Party of China, regarding theseveral important problems of decision on deepening reform of Culture system, to drivefurther development of socialist culture. The Culture Creative Industry will be graduallydeveloped to our pillar industry of the national economy and the main force to graduallychange of the economic development mode and expand domestic demand. Our nationalculture creative industry are facing the unprecedented developing opportunity, and we havebeen provided with the necessaries to support the industry for high speeding development.An industry’s long-term health development, which can’t be departed from the support ofpromotion by capital. However, Banks and other financial institution can’t proceed thereasonable assessment due to the character of less hard assets of the culture creativeindustry, thereby, it is difficult to gain support from indirect financing which need thesupplement by the direct financing from financial institution, similarly venture capital fund.As a series of financial support policies, the venture capital fund is paying close attentionto the culture creative industry more and more. The special venture capital fund forCultural creative industries as the main investment direction has been gradually built up innational wide, and investment to culture creative industry emerged in endlessly, whichcause the recognition and control on the risk become a problem to be urgently needs tosolve in the practice of the investment. This thesis is consisted by five sections to researchthis problem:1st section is introductory theory, introduces the selected topic background,research significance, research methods and ideas;2nd section is the related theoreticaloverview, inclusive of the concept of the culture creative industry and investment risk etc.3rd section is to analyze the recognition of the culture creative industry investment riskcombine with the structural equation model. The4th section is how to implement the riskmanagement and control to the recognized risks combined with the venture capital fundpractice analysis. The fifth section is an summary of the thesis, and point out that we needto manage and control the risk in earlier stage, and need to control the risks all-aroundfrom the four steps of fund raising, investment, management and withdraw.