Abstract
The government began the introduction of Western venture capital into China. Since its inception, the development of venture capital in China has been robust, but has recently faced difficulties due to regulatory changes. Foreign venture capital had a dominant position in China before the 2008 financial crisis, but has subsequently lost its leadership position in recent years. Nevertheless, improvements to legal and market environments, and the availability of investable projects, continue to attract foreign investors to China.
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Notes
- 1.
This chapter utilizes a broader range of “venture capital”, which not only includes equity investment in its early stages, but also encompasses investment in the late stage of listed companies, also known as private equity investment.
- 2.
This chapter uses US dollars to calculate amounts with a fixed exchange rate of 1 USD = 7 RMB.
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Acknowledgement
We would like to thank Marissa Stelmack for her invaluable editorial assistance.
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Chen, S. (2020). The Development of Venture Capital in China. In: Klonowski, D. (eds) Entrepreneurial Finance in Emerging Markets. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-46220-8_15
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DOI: https://doi.org/10.1007/978-3-030-46220-8_15
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