Develop Venture Capital Industry, Perfect Science and Technology Investment & Financing System in Shenyang1/DÉVELOPPER L'INDUSTRIE DE CAPITAL A RISQUE, AMELIORER L'INVESTISSEMENT DANS LA SCIENCE ET LA TECHNOLOGIE & LE SYSTÈME DE FINANCEMENT À SHENYANG

By Ya-xin, Zhang; Jing-ting, Ma | Canadian Social Science, October 31, 2009 | Go to article overview

Develop Venture Capital Industry, Perfect Science and Technology Investment & Financing System in Shenyang1/DÉVELOPPER L'INDUSTRIE DE CAPITAL A RISQUE, AMELIORER L'INVESTISSEMENT DANS LA SCIENCE ET LA TECHNOLOGIE & LE SYSTÈME DE FINANCEMENT À SHENYANG


Ya-xin, Zhang, Jing-ting, Ma, Canadian Social Science


Abstract:

Thriving the development of Venture Capital industry contains great significance in perfecting science & technology investment and financing system and accelerating the development of high-tech industry of Shenyang. Currently, restrained by multiple factors such as scale, quit channels and exterior environment, etc, of Venture Capital , it plays only a limited role in solving the financing difficulty of science & technology enterprises of Shenyang. It shall emphasize on the following points if it is intended to develop and expand the Venture Capital industry in Shenyang, that is, strengthen the role of government Venture Capital organs as models and power house; foster and develop Venture Capital organs in an active way; perfect multi-layered capital market and broaden the quit channel for Venture Capital ; perfect intermediary service system and promote investment efficiency in Venture Capital ; foster the great cultural atmosphere for starting the business, etc.

Key words: Science & Technology Financing; Venture Capital ; Capital Market

Résumé: La prospérité du développement de l'industrie de capital à risque a une grande importance pour le perfectionnement de l'investissement dans science & technologie et le système de financement et pour l'accélération du développement de l'industrie high-tech de Shenyang. Actuellement, contraint par de multiples facteurs du capital à risque, tels que l'échelle, les mécanisme de retrait et l'environnement extérieur, etc, il ne joue qu'un rôle limité dans la résolution des difficultés de financement des entreprises de science & technologie de Shenyang. Il doit mettre l'accent sur les points suivants si on veut développer et promouvoir l'industrie de capital à risque à Shenyang, qui sont, renforcer le rôle du gouvernement; favoriser et développer des entreprises de capital à risque de manière active; perfectionner un marché des capitaux multi-couches et les mécanismes de retrait pour le capital à risque; améliorer le système de services intermédiaires et promouvoir l'efficacité des investissements en capital à risque; favoriser l'atmosphère culturelle pour les démarches de création des entreprises, etc.

Mots-Clés: Financement pour la Science et la technologie; capital à risqué; marché du capital

Venture Capital, also known as Risk Investment, in a broad sense, refers to the investment with high risks and high potential profits. In a narrow sense, it refers to the investment that produces and deals with technology-intensive innovative products or services based on high science & technology and knowledge. According to the rules in Provisional Methods for the Administration of Venture Capital Enterprises, Venture Capital mainly refers to the investment method of equity investment on unlisted high-tech enterprises, which is aimed to provide Entrepreneurial Management services for those enterprises with the expectation of acquiring capital growth profits. Venture Capital can accelerate the commercialization of research findings to practical productive forces, push the development of high-tech industry and lead the prosperous and thriving development of the entire national economy. The above-mentioned function of Venture Capital has been proved by experiences in many countries. According to the statistics made by Department of Commerce of USA, 95% technology innovations and inventions accomplished after World War II originate from small-sized newly-arising enterprises and the successful commercialization of those inventions and innovations to practical productive forces should thank Venture Capital . As a result, Capital Investment also enjoys the vivid reputation as "Motor for Modern Economic Growth", and "Propeller of High-tech Industry Development".

Under the current condition of economic globalization and capital-market integration, competition among countries and areas is increasingly represented by scientific-technological power and the capability of independent innovation. …

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Develop Venture Capital Industry, Perfect Science and Technology Investment & Financing System in Shenyang1/DÉVELOPPER L'INDUSTRIE DE CAPITAL A RISQUE, AMELIORER L'INVESTISSEMENT DANS LA SCIENCE ET LA TECHNOLOGIE & LE SYSTÈME DE FINANCEMENT À SHENYANG
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