Government role in China's venture capital

An increasing volume of research has done investigating western government's role in venture capital industry. Yet very little has been contributing to the examining of government role in China's venture capital. This paper is to examine the action Chinese government had taken and the. main obstacles to China's domestic venture capital industry Chinese government had played an important role in the creation of domestic venture capital industry. But there still exit some obstacles to the development of China's venture capital such as lacking flexible exit channels and industry laws and high quality management team. To further promote the development of venture capital in China, government should play a more active role in developing capital market, perfecting economy-operating environment, cultivating comprehensive human resources and encouraging them to involving in the management of venture capital.