Comparisive Study On Legal Issues Of Venture Capital

Venture Capital is a new financial phenomenon emerging in Chinese capital market. It's of great importance to improve our financing structure, perfect financing system, spead financial risk, increase capital management efficiency, and deepen the reform of economic regime. However there is obvious deficiency in the corresponding legislation to Venture Capital at present. It not only constraints the development of Venture Capital in china, but also hinders the future improvement of the legal system of capital market..This paper is written by a fully understood to the economical function of Venture Capital, and the sufficient investment to the legal system of A in development capital market.This paper establishes the basic legal frame-work of Venture Capital by defining its contents and legislative trend. Basing on the experience in developing nations and districts, this paper proposes for the choice of organic form of Venture Capital, establishment conditions, regime to retreat and supervisal model etc. Meanwhile it provides specific rules and measures to many particular issues.This paper stands on that it should be distinguished between the Venture Capital and security investment fund respected to the legislative aim, objective and value orientation. By drawing on the experience from related laws, we are supposed to separate the legislation of Venture Capital, in order to perfect its legal system and promote the steady and development of capital market.