The Study Of Venture Capital System Innovation In China

The strategic tasks have been put forward for raising innovation capability and building an innovation-oriented society in the National Conference on Science and Technology held in January 2006,And the specific politic demand has been required to the innovation-oriented venture capital and capital market in"《Actualize》"issued by the State Department on 26th, February. Governments at all levels gradually make a profound cognition to the significance of the innovation in the duration of advancing the economic development. In correspondence with the above circumstance, venture capital meets a golden time in China Market.Nevertheless the venture capital has boosted our economy; some obstacles to progress require institutional reform to enhance it in China Market, which has become important and essential. Compared with foreign venture capital, ours started the step late with smaller spectrum and incomplete system, and most of which controlled by governments, a small part of whose organizations run by private enterprises.This Thesis makes a review on the history of venture capital both in America, cradle of it and China, focusing on the development of it, and then brings forward two essentials that are related to the innovation on the system innovation of the venture capital. 1.Innovation Upon the Structure. Corresponding to the recession to "The law of partnership enterprises", and the situation of our country, the haploid structure of the venture capital, charged by companies should be replaced to co-partnership, managed by both company and partnership. 2.Innovation Upon the Management. Both the companies engaging in venture capital and the receivers are concluded in the innovation of the management. The management of agency is to be consummated including accountant, lawyers' system, and guild; the credit of medium and small-sized enterprises is to be strengthened; persons engaged in the risk investment are to be well trained.Based on the comprehensive analysis to the current system of venture capital, this thesis brings forward a new conception for the development of venture capital in China - Simulating Co partnership, a new system that accords with the situation of our country. And this Thesis is a combination of theoretic and innovative practice, thus to be a rationale and steering for the developing of venture capital.