Chinese High-Tech Venture Capital Operations and Case Studies

Author: Lu Houdun
Publisher:
Publish Date: 2002-01-01
Features: Venture capital is a special form of investment that allocates capital to high-risk, high-technology sectors in pursuit of high returns. In the transformation of science and technology into practical productivity, venture capital plays an irreplaceable role, creating one economic miracle after another. In China, venture capital has evolved from an unfamiliar term to a focal point of attention across all sectors of society. Governments at various levels, high-tech development zones, large enterprises, and some financial institutions have all begun to study and practice venture capital. Given that China is currently in a period of continuous improvement in its market economy system, if one ignores this fundamental premise and discusses high technology in isolation from high risk, the proposed operational models and policy recommendations are bound to be unrealistic. This book examines the venture capital mechanism within the broader context of China's investment and financing system, closely analyzing cases of venture capital in various countries (including China) under corresponding institutional frameworks. It provides a detailed analysis of the operations at different stages of venture capital, revealing the operational patterns of the mechanism and the specific requirements for successful operations under different conditions. At the same time, based on the different stages of venture capital, it systematically analyzes the construction of China's high-tech venture capital mechanism and the challenges it faces, proposing a series of policy recommendations. This book not only offers an in-depth introduction and analysis of the concepts, elements, and characteristics of venture capital, as well as its operational mechanisms, but also provides a comprehensive elaboration on the construction of the venture capital mechanism within China's specific economic context. It is not only suitable for students and general readers seeking to understand venture capital but also serves as an important reference for entrepreneurs, scientists, and researchers engaged in the field of venture capital.