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On The Development Of Venture Capital And High-tech Industries In China

Posted on:2001-12-02Degree:MasterType:Thesis
Country:ChinaCandidate:Y J ZhouFull Text:PDF
GTID:2206360002951705Subject:Finance
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High-and-new-tech is not only the base of the time of knowledge and economy, but also the important impetus of the development of modern economy. Only to make the industrialization of high-and-new-tech in one country, the economy will get development and the society will make more progress. That's why the countries, such as America, English, France and Japan, make all their efforts to develop the high-and-new-tech. To keep up with the developed countries, many new and developing countries, including Israel, Taiwan district and Korea, all join in the team. It is just the venture capital that makes the high-and-new-tech have the relation with productive forces. The venture capital solves the problem of coming apart of knowledge and economy. The industry of high-and-new-tech needs not only the science technology, but also the capital and management. Due to the high venture owned by the industry, it can't obtain the capital support through a normal way. But if an enterprise can be successful in a new product, it will get higher profit using monopoly on this technology. The venture capital just fits for the development of the high-and-new-tech, because it has the characteristics of pursuing high venture and high profit as well as the function of sharing venture and offering capital. That's why the venture capital and the high-and-new-tech can link together.All the developed countries depend on the industry of high-and-new-tech that supported by the venture capital. These high-and-new-tech enterprises, which established in the way of venture capital, make contribution to the dynamic economy of America in the 90th of twenty century. The information industry, which is the core of the enterprises, brings success to the economy, which is so-called 'lower inflation, higher occupation and higher increasing'. Besides, the countries in Europe and Asian also pay attention to the development of the science and technology. To keep the No.1 in economy, they develop venture capital energetically. The U.K. is a conservative country, but it changed its mind as soon as it is aware of the fact that the venture capital will advance the running of high-and-new-tech. Now it has become a leader in Europe market of venture capital. Under the support of Israel government, the venture capital developed quickly and became one of the developed countries in the world. It's a pity that there is a notable distance in the industrialization of high-and-new-tech between China and the developed countries. The important reason is that the slower development of venture capital. At present, the rate of contribution of the science and technology to the rising of economy has risen to eighty percent in the developed countries, but our country only gets thirty percent. The rate of changing the achievements of science and technology into merchandise and also getting a scale benefit is from ten to fifteen percent in China, far lower than the rate of sixty to eighty percent in those developed countries. To force the quick development of venture capital, the problem of collecting capital for the industry of high-and-new-tech must be solved. In the past few years in China, the science and technology is almost parted from finance, which resulted the restriction of the productions' competition in the market and the restriction of striding forward the industrialization and becoming into scale. It had to depend on the establishment of system of venture capital to solve the problem. Actually, China had made some attempts in venture capital. But they failed due to the short of indispensable environment of market economy. In recent years, with the development of high-and-new-tech, especially the information industry, the international investors of venture capital have put their eyes on China and carried out some successful practices. Chinese government also develops venture capital positively, such as the practices in Shenzhen, Beijing, Shanghai and Guangzhou cities. At the same time, Chinese government puts out policy and measures to force the dev...
Keywords/Search Tags:Development
PDF Full Text Request
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