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《Commercial Research》 2005-22
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Government Orientation in the Development of Venture Capital

XIONG Ji-xia,GAO Bo (Business School of Nanjing University,Nanjing Jiangsu 210093,China)  
China is a big developing country,transiting from planned economy to market economy,in which the role of government is very important for the development of venture capital.Venture capital depends on the support of government.So in the primary phase of venture capital,governmental function should be strengthened.However,in the conditions of market economy,government can only guide venture capital,in sted of being the main ivesting body;other wise,it may break the law of market economy.Nowadays,Chinese government should improre the supporting system to creat a favorable surrunding for the development of venture capital.
【CateGory Index】: F832.48
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【Co-citations】
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