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- W234182000 abstract "The current legal ecology of Chinese domestic venture capital, along with the defects preventing the dynamic development of Chinese domestic venture capital, has been sketched out above. In the above four chapters, it is repeatedly stressed that legal reform measures ought to be taken in a timely manner to eliminate the necessary legal barriers. However, the appeal to quick reforms is merely a motion or suggestion, without any practical binding force. Hence, the final question to be answered by this book is how long it will take for appeals for reform to be translated into concrete action. In order to provide an answer to this question, two conclusions, which have been verified by existing research, will be relied upon. Firstly, the main reason for the lack of a fair-competition environment for other market players in China is that Chinese policy makers offer preferential treatment to state-controlled listed companies. Therefore, without the withdrawal of the state from these enterprises, a fair and friendly legal ecology for Chinese domestic venture capital is impossible. Secondly, the withdrawal of the state from state-controlled listed companies relies on Chinese political reform, because it is proven that the formation and change of ownership of state-controlled listed companies is politically driven. Underpinned by these two conclusions, predictions of the speed of reform rely on two factors: the speed of the state’s withdrawal from state-controlled listed companies, and the speed of Chinese political reform. The remaining parts of this book will focus on these two areas." @default.
- W234182000 created "2016-06-24" @default.
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- W234182000 date "2015-01-01" @default.
- W234182000 modified "2023-09-28" @default.
- W234182000 title "Conclusions" @default.
- W234182000 doi "https://doi.org/10.1016/b978-0-85709-450-6.00005-x" @default.
- W234182000 hasPublicationYear "2015" @default.
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