The Study On Venture Capital Withdrawal System In China

The operation process of venture capital contains three parts as fund raising,movement and withdraw,it is one kind of investment system which finances in the capital market,and then invests to the high and new technology enterprise(small and medium-sized)or project which has the high risk,the high income characteristic,and also participates the management in this enterprise or project during the time,provides the help about management,financial and marketing,expects this enterprise or project gets fast growth and gains high quota income,at last,realizes the high quota income through sell stockholder's rights,for certain way.The withdrawal link of venture capital is the important,final constituent in the venture capital operation process,the withdrawal is the only channel to realize the high quota income and the investment goal,only then establishes the unobstructed withdrawal mechanism,the rotation of capital can be completed,and the capital appreciation can be realized.Venture capital's withdrawal mechanism has provided the continue fluidity and expansibility for the risk capital.Regarding venture capital withdrawal domain,the experts had already conducted very rich and thorough research,in summarizes in the predecessor research results foundation,through the venture capital withdrawal mechanism theory review and literature summary,author has carried on the summary to it,then unifies the fact of china present situation and the Growth Enterprise Board.soon be promoted,author studies China venture capital present situation and the existence question at first,and then Compared with developed country venture capital withdrawal mechanism like US,Britain and Japan,As well as under-developed nation and local venture capital withdrawal mechanism like India and Israel,In the foundation of summary overseas advanced experience,construct China's venture capital withdrawal mechanism.China's venture capital withdrawal mechanism devised that contains three parts as the consummation related laws and regulations,constructing the multi-level capital market system,establishing standard fair facilitating agency.