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Profile of Innovative
Economy Engine-World Venture Capitalism and China
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Ever
since the reform and opening up, China¡¯s economy has
enjoyed concerted growth for more than two decades and
its remarkable achievements have drawn wide attention
from all over the world. However, the dramatic development
was gained at the expense of huge capital input, tremendous
consumption of resources, low economic efficiency and
inferior productivity and serious environmental pollution,
as the consequences of the growth mode of the extensive
economy. This economic growth mode has seriously aggravated
many bottleneck problems incurred by resources, energy
shortages and environmental pollutions etc. Transformation
of the mode of economic growth, comprehensive adjustment
of the economic structure and resolutely developing
innovative economy are the utmost important strategies
of China at the moment. |
The
Fifth Plenary Session of the 16th Central Committee
of the Communist Party of China (CPC) has brought to
light the need to ¡°take enhancement of independent innovative
capability as the strategic base for scientific and
technological development and as the central link in
the adjustment of economic structure and transformation
of the mode of economic growth¡±. ¡°Independent innovation¡±
is not just about science and technology, but one of
the foundations for the national strategies that will
affect the whole economy. It has become one of the focuses
for the "11th Five-Year Plan". We shall all
roundly construct a national innovation system through
technological innovation, management innovation and
institutional innovation to ensure that China¡¯s economy
will obtain healthy, consistent and sustainable development
in a fairly long period. |
Experiences
from countries and regions such as Europe, U.S and Israel
etc have also implied, innovative economy has been the major
drive for the sustainable economic development for these countries
and regions, and venture capital is the power engine for innovative
economy. Aggressively developing China¡¯s venture capital industry,
creating a sound atmosphere for start-up companies and innovating
culture system and legal support system have become the common
understanding for more and more government officials, scholars,
experts and practitioners in the VC community. In such context,
the 7th China Venture Capital Research Forum 2005 was successfully
held under the theme of ¡°Enhance International Cooperation
on Venture Capital, Promote Development of China's Innovative
Economy¡± to carry out all-round and international exchange
and discussions on policies, legislations, theories and practices
etc for China¡¯s venture capital industry. The book entitled
Innovative Economy Engine-World Venture Capitalism and China
is a lively portrait of this event.
This book incorporates six major sessions,
which are respectively ¡°About the Forum¡±, ¡°Speeches¡±, ¡°Looking
into China¡¯s Economy and Venture Capital Senior Management
Forum by World Influential Persons¡±, ¡°Special Topic Forum¡±,
¡°Forum Activities¡±, ¡°Media and Forum¡¯s Influence¡±. This book
has objectively and elaborately recorded the insightful thoughts
of prominent academicians, policy-makers and leading venture
capital professionals in China and other countries that have
attended this forum and thus has lively reproduced the event.
The attendees include: high-ranking officials from China and
overseas: Siwei Cheng, Vice-Chairman of the Standing Committee
of the National People¡¯s Congress, Yanhua Zhang, Deputy Director
General of Department of Science and Technology, Xintian Yin,
Director General of the Legal Affairs Department of the State
Intellectual Property Office of China, Gui Liang, Deputy Director
General of Torch High Technology Industry Development Center,
Gagnepan Jean-Jacques, Director of the Technology Department,
Ministry for Research, France; prominent practitioners: Kramlich
C.Richard, Co-founder and General Partner of New Enterprise
Associates, Doll Dixon, Managing General Partner of DCM¨CDoll
Capital Management, Ta-Lin Hsu, Chairman of H&Q Asia Pacific,
USA, Daems Herman, Chairman of European Private Equity and
Venture Capital Association, Burger-Calderon Max, Partner
of Apax Partners, Guojie He, Chairman of Guangdong Venture
Capital Association, Liji Gu, Chairman of China Merchants
Technology Holdings Co., Ltd., Xiangshuang Shan, President
of China Science & Merchants Venture Capital Management
Co., Ltd., Haitao Jin, Shenzhen Capital Group Co., Ltd., Shu
Wang, General Partner of IDG Technology Venture Investment,
Tianlai Huang, Managing Director of Acorn Campus Shanghai
Management Company Limited, Zhenhong Chen, Chairman of Hong
Kong Venture and Private Placement Investment Association,
Director & General Manager of JAFCO Asia;notable experts
and scholars: Haemmig Martin, Adjunct Professor in Innovation
Management, Centre for Technology & Innovation Management,
University BW Munich/Germany & Leiden University/Netherlands,
Chengsi Zheng, Director of IPR Center, China Academy of Social
Sciences, People's Republic of China, Shouren Wang, General-Secretary
of Shenzhen Venture Capital Association and Jianjun Liu, Director
of SME Department of National Development and Reform Commission.
This book has put together best thoughts
within the world venture capital community and carried out
extensive and in-depth interactive discussions centering around
the making of favorable taxation policies and related regulations,
venture capital globalization and China, intellectual property
protection and development of venture capital industry, the
successful experience of foreign governmental funds and attempts
from China, China¡¯s M&A market and venture capital exit
channels, constructing sound Chinese venture investment legislations
and policy environment, the operational experience of international
venture investment in China, rational interaction between
venture capitalists and entrepreneurs, venture capitalism
in China, venture capitalism in U.S, venture capitalism in
Europe etc. This book has introduced valuable international
visions for the constructions of China¡¯s venture capital policy
environment, making of related policies by the government
and existing difficulties and problems faced by the development
of China¡¯s venture capital industry; experiences of international
venture investments, numerous successful cases and real-life
practices from both China and abroad have provides essential
references and directions for the development of China¡¯s venture
capital industry.
Innovative Economy Engine-World Venture
Capitalism and China is a valuable guidance book that that
integrates venture capital theories and real-life practices.
The publishing of this book, will provide a spiritual feast
and exchange base of creative ideas and proactive thinking
to venture capitalists, fund managers, senior management of
investment banks, Chairman and General Managers of Chinese
enterprises with financing or listing needs, financial directors,
government officials, experts & scholars, lawyers, accountants,
management advisors, and heads of high-technology parks, innovation
parks, incubators, industrial associations as well as investment
enthusiasts.
This book has been published recently. For subscription, please
contact:
Publisher£º
Lesley Yu £¨Hong Kong£©
Tel£º£¨00852£©27664264
Email£ºaflesley@inet.polyu.edu.hk
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