A Study On The Development Mode Of Venture Investment Industry In China In The Transition Period

In the modern world Venture investment, as the incentive for the development of high-tech is important. The west began to develop the venture investment industry in the 1940's, and made a grate achievement. The venture investment industry began in china in the 1980's; however, it is developing and still in its initial phase in china. It doesn't implement to accelerate technology innovation and to help the small enterprises.The thesis analyzes the development mode of Chinese venture investment industry in the trans- phase. The basic theories are industry performance theory, information & risk theory and trans-theory. The thesis compares different country modes and characters of the venture investment industry, in the same time; the thesis analyzes actuality and development level of the venture investment industry. In the basic the thesis analyzes the industry mode, the organization mode and the exterior environment of the venture investment in china.There are nine parts in the thesis. The part 1 is the introduction, and it brings forward the background,meaning structure of the thesis. In the part 2 the thesis analyzes the actuality of venture investment research, in the same time, the part conclude the characters of foreign venture investment research and the disfigurement domestic venture investment research. The part 3 is the basic of theory, and it introduces industry performance theory, information & risk theory and trans-theory. The part 4 analyzes the practice of developing the venture investment industry, and compares the different modes and characters of the venture investment industry in different countries. The part 5 analyzes the course and actuality the venture investment industry in china, and appraises the development level of the venture investment industry by the illegibility colligation model. The part 6 analyzes the industry mode of the venture investment industry in china, and indicates the development target of venture investment industry in china. The part 7 analyzes the organization mode of the venture investment industry in china. The part 8 analyzes the exterior environments of the venture investment industry in china. The part 9 brings forward the conclusions.However, there are three modes of developing the venture investment industry in the developed countries. Firstly, the venture investment industry is developed mostly by private, but the government offer help in America. Secondly, the venture investment industry is developed mostly by large corporations, but the government participates in the industry in Europe. Thirdly the venture investment industry is developed mostly by large corporations and government in Japan. The America mode is more favorable to the venture investment industry. Although china has developed the venture investment industry, it is still behindhand. There are many problems in the venture investment industry in China. Firstly; it is developed by the government. Secondly the financing channel is lack. Thirdly the enterprisers are lack. Lastly, the venture capital is difficulty to exit.The development target of the venture investment industry can't go to the high-tech industry only. If the venture capital is used only to the high-tech industry, the small enterprises is difficult to develop. In the long time, it make against the high-tech industry. The venture capital must be offered by foreign and domestic funds, bond corporations and affiance corporations. In the same time, for developing the venture investment industry in china, we must set up the exit mechanism. In the basic of comparing the organization mode, the thesis brings forward we must set up the limited partnership organization.Lastly, to develop the venture investment industry, it must be to consummate the development environments of the venture investment industry. For example, it must be to consummate law environment, policy environment and capital environment.In one word, there are the following innovations in the thesis:Firstly, the thesis brings forward that we must analyze the development mode of venture investment industry from the market structure and the property rights structure to think.Secondly, the thesis appraises quantificationally the development level of venture investment industry by using the blurry mathematics mode.Thirdly, the thesis brings forward the development target of the venture investment industry can't only go to the high-tech industry in China.Lastly, the thesis brings forward we must set up the limited partnership organization in China.