Status of venture capital in China
Jack C Fensterstock
China Capital Corporation
Aimin Li
Beijing Venture Capital Association
PP: 3
Abstract
This article describes the political and social developments in China which led to the establishment of a national venture capital industry to stimulate technology-based companies as a strategy for economic development. It surveys the current status of the industry, describing efforts by policy makers to borrow from successful western models while fostering an industry appropriate to and reflective of Chinese cultural and social values.
Keywords
Venture capital, China, innovation, regional development, technology-based industries
References
Central Commission of the Chinese Communist Party and the State Council, Decision of Science-Technology System Reform, Beijing, 1985.
State Council, Notification Ratifying the Foundation of State High-Tech Parks and Related Policies and Regulations, Beijing, 1991.
State Council, Decision Accelerating Science-Technology Progress, Beijing, 1995.
Standing Committee of the People's Congress, Law of Promoting Science-Technology Achievements Transformation, Beijing, 1996.
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