【摘要】：風(fēng)險(xiǎn)投資是一種高風(fēng)險(xiǎn)、高收益、專業(yè)化的投資組合。往往以追逐利益為最終目標(biāo)，所以風(fēng)險(xiǎn)投資如何成功退出初創(chuàng)企業(yè)成為風(fēng)險(xiǎn)投資能否獲利的關(guān)鍵。中國(guó)風(fēng)險(xiǎn)投資的退出機(jī)制存在多方面的問(wèn)題，退出渠道，資本市場(chǎng)的環(huán)境支持以及政府法律相應(yīng)的配套措施欠缺，風(fēng)險(xiǎn)投資人才的匱乏等等都制約著風(fēng)險(xiǎn)投資退出，影響其進(jìn)行下一個(gè)項(xiàng)目的投資�？偟恼f(shuō)來(lái)，由于風(fēng)險(xiǎn)投資的退出渠道較窄，退出方式不夠靈活，風(fēng)險(xiǎn)投資從中國(guó)資本市場(chǎng)退出還是很困難的。 當(dāng)前危機(jī)下如何通過(guò)資本市場(chǎng)退出，中國(guó)的風(fēng)險(xiǎn)投資如何積極尋找退出的新出路成為重要問(wèn)題。因此，本文圍繞存在的問(wèn)題及解決措施展開論述。中國(guó)應(yīng)當(dāng)建立以風(fēng)險(xiǎn)資本退出市場(chǎng)為核心的多層次風(fēng)險(xiǎn)資本市場(chǎng)，建立包括主板、創(chuàng)業(yè)板、場(chǎng)外交易體系和原始的股權(quán)市場(chǎng)在內(nèi)的資本市場(chǎng)體系，才能更好地發(fā)展風(fēng)險(xiǎn)投資業(yè)，，為中小企業(yè)、民營(yíng)企業(yè)和初創(chuàng)企業(yè)，尤其是科技性高成長(zhǎng)性企業(yè)提供便利的融資渠道。 本文圍繞風(fēng)險(xiǎn)投資的退出及拓寬渠道進(jìn)行分析。風(fēng)險(xiǎn)投資如何成功退出初創(chuàng)企業(yè)成為風(fēng)險(xiǎn)投資能否獲利的關(guān)鍵。風(fēng)險(xiǎn)投資的退出在整個(gè)運(yùn)作體系中處于核心地位。風(fēng)險(xiǎn)投資的目的不是控股，無(wú)論成功與否，退出是風(fēng)險(xiǎn)投資的必然選擇，否則無(wú)法進(jìn)入新一輪投資，而資金失去流動(dòng)性就意味著失去了生命。
[Abstract]:Venture capital is a high-risk, high-income, professional investment portfolio. It is often the ultimate goal of the pursuit of interest, so how to successfully withdraw the venture capital from the start-up is the key to the success of the venture capital. The exit mechanism of venture capital in China has many problems, such as the withdrawal of the channel, the environmental support of the capital market, the lack of the corresponding supporting measures of the government's law, the lack of the venture capital, and so on. In general, due to the narrow exit channel of venture capital, the exit method is not flexible enough, the venture capital is still difficult to exit from the Chinese capital market. How to exit from the capital market under the current crisis, how to actively seek out the new way out of the venture capital of China becomes an important question Therefore, the paper is about the existing problems and the solutions to the problems. Statement. China should establish a multi-level venture capital market with venture capital withdrawal market as the core, and set up a capital market system, including the main board, the GEM, the off-site trading system and the original equity market, in order to better develop the venture investment industry and to provide the small and medium-sized enterprises Industry, private enterprises and start-ups, especially high-tech, high-growth enterprises, provide convenient financing channels The paper is about the exit of venture capital and the channel of extension. Line analysis. How venture capital successfully exits the start-up to become a venture capital to make a profit The key to that. The exit of venture capital is in the core of the whole system of operation. The purpose of venture capital is not to hold, whether it is successful or not, exit is the inevitable choice of venture capital, otherwise it is not possible to enter a new round of investment, and the loss of capital means losing
【學(xué)位授予單位】：河北大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：F832.48

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