Research on China Developing Venture Capital Through Government Guiding Fund Model

Due to the government supporting independent innovation gradually,venture capital,as an investment system starting a business,has become an important approach to develop independent innovation capacity of the enterprise.According to developing experience of venture capital all over the world,Chinese government should establish guiding funds for venture capital through macroeconomic control,accumulate social and private funds effectively,and expand capital adequacy of venture capital.This is an inevitable choice to promote development of venture capital and domestic economy.Meanwhile,the government should design perfect operating model to guide funds,make preferential fiscal and financial policies,provide better market environment,and smooth quitting channel for venture capital.