Develop Venture Capital Industry, Perfect Science and Technology Investment & Financing System in Shenyang/Developper L'industrie de Capital a Risque, Ameliorer L'investissement Dans la Science Et la Technologie & Le Systeme de Financement a Shenyang (Report‪)‬

Venture Capital, also known as Risk Investment, in a broad sense, refers to the investment with high risks and high potential profits. In a narrow sense, it refers to the investment that produces and deals with technology-intensive innovative products or services based on high science & technology and knowledge. According to the rules in Provisional Methods for the Administration of Venture Capital Enterprises, Venture Capital mainly refers to the investment method of equity investment on unlisted high-tech enterprises, which is aimed to provide Entrepreneurial Management services for those enterprises with the expectation of acquiring capital growth profits. Venture Capital can accelerate the commercialization of research findings to practical productive forces, push the development of high-tech industry and lead the prosperous and thriving development of the entire national economy. The above-mentioned function of Venture Capital has been proved by experiences in many countries. According to the statistics made by Department of Commerce of USA, 95% technology innovations and inventions accomplished after World War II originate from small-sized newly-arising enterprises and the successful commercialization of those inventions and innovations to practical productive forces should thank Venture Capital. As a result, Capital Investment also enjoys the vivid reputation as "Motor for Modern Economic Growth", and "Propeller of High-tech Industry Development". Under the current condition of economic globalization and capital-market integration, competition among countries and areas is increasingly represented by scientific-technological power and the capability of independent innovation. The introduction of innovation mechanism becomes the prerequisite for occupying the commanding height in development and winning the advantageous position in competition. As the important support for the development of high-tech industry, Venture Capital 's function is not only limited to financing an entrepreneurial venture. More importantly, it can push the continuous implementation of innovation activities through capturing inspiration and encouraging innovation with the help of necessary management and inspiration methods. As a result, striving to develop Venture Capital industry contains significant meaning in perfecting science and technology investment & financing system and accelerating the development of high-tech industry in Shenyang.