Venture Capital and the Corporate Governance of Chinese Listed Companies

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The book examines the evolution of China's venture capital market over the past decade, highlighting its struggles against American competitors. It identifies four critical success factors present in American venture capital that are lacking in China: substantial independent funding, effective incentive mechanisms, efficient exit strategies, and a high tolerance for risk. The author argues that these deficiencies are closely tied to the corporate governance issues within state-controlled listed companies, offering a comprehensive analysis of the challenges faced by Chinese venture capital.