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Venture Capital and Mobilization Efficiency in China

Author

Listed:
  • Chunfa Chen
  • Kun Li
  • Yingkai Tang

Abstract

This paper aims to analyze the mobilization efficiency of venture capital (VC) in China. It has been found that the dearth of venture capitalists, absence of appropriate exit channels, and lack of open, active, mature, and stable equity-driven capital markets result in low mobilization efficiency in China's VC markets. Therefore, government should take an appropriate role to facilitate VC development by educating entrepreneurs, providing a more favorable entrepreneurial environment, thereby reducing time, financial and opportunity costs, encouraging private investment funds to absorb the country's tremendous savings, and encouraging institutional investors to further develop capital markets.

Suggested Citation

  • Chunfa Chen & Kun Li & Yingkai Tang, 2009. "Venture Capital and Mobilization Efficiency in China," Chinese Economy, Taylor & Francis Journals, vol. 42(6), pages 45-65, November.
    • Handle: RePEc:mes:chinec:v:42:y:2009:i:6:p:45-65
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