Author(s)

Xinyun Wang

Shanghai United Assets and Equity Exchange, Shanghai, China.

This article first introduces the relevant concepts of risk capital and analyzes the Chinese government’s intervention in the venture capital market. This article introduces venture capital and government intervention, the limitations of government intervention, and the role of the Chinese government’s needs by analyzing history and existing issues. This paper also gives the theoretical basis and policy recommendations for the development of China’s venture capital and the theoretical basis of government intervention. The characteristics of venture capital are summarized, as well as the reasons for government intervention, the restrictions caused by the government intervention in the venture capital market, and the government’s excessive intervention issues. The article also looks back on the four stages of the development of China’s risk investment and emphasizes the government’s role in each stage. Finally, this literature review summarizes the government’s intervention form of venture capital, compares government intervention in China and some developed countries, and gives suggestions on future development.

Venture Capital, Chinese Government

Wang, X. (2023) The Research of Chinese Government in Venture Capital Market. Journal of Financial Risk Management, 12, 310-327. doi: 10.4236/jfrm.2023.124017.