法学理论论文关于我国风险投资法律环境的优化与完善的探讨.doc

关于我国风险投资法律环境的优化与完善的探讨 摘 要本文首先对风险投资的概念、发展历史做了大概的介绍，分析了风险投资对一国的经济发展与国力的提升的重要性。接下来对国外的相对完善的风险投资法律环境做了探讨与研究，明确了法律环境对风险投资发展的重要性，并对我国风险投资的法律环境现状尤其是不足进行了分析。本文的核心问题是探讨如何结合中国国情，对我国风险投资的法律环境进行优化与完善，使之能更好地保护和促进我国风险投资业的发展。作者提出为达到促进风险投资快速发展的目的，需要国家通过立法对风险投资业进行大力扶持与政策倾斜，并通过市场化运作机制来保持其活力，根据风险投资的高风险高收益的特点，强调在风险投资领域的立法应该以效率优先为原则。对如何优化风险投资的法律环境，作者提出在要在提高风险投资的供给与需求规模，提升风险投资的投资效率与效益，保证风险投资的退出机制完善与渠道畅通等几个大的方面作为着眼点，来梳理修改现有的法律，并在必要的时候创立我国的风险投资法,使当前散见于多部法律或地方法规条例中的关于风险投资的有关规定更加系统化和具备全国范围内的一致性。具体而言，作者提出要对下述几个方面进行法律完善，以促进风险投资在我国的快速发展：一是要对风险投资的主体放宽限制，特别是对社保金等机构投资者的风险投资准入问题开闸，这是必要的和也是可行的；二是通过法律技术条款的规定，比如单个投资项目投资占总资本额的比例等相关规定，使风险投资既可以尽可能地获得投资收益，又防止风险投资过分搏弈而带来过大的风险；通过法律政策规定的倾斜，促进风险投资的有效供给和有效需求同步扩大；在风险投资机构和创业企业层面上设计出最利于风险投资运行效率的法人或组织的治理结构和制度；充分利用税收法律制度的调节作用和其他必要的优惠政策规定，来刺激风险投资业的快速发展；完善风险投资的退出法律，包括风险投资机构从创业企业的退出以及风险投资人从风险投资机构的退出机制与渠道畅通的法律优化；促进科技创新，加大对知识产权的保护力度，是保护高科技创业企业发展的必然，也是作为创业企业投资企业快速发展的保障，相关问题的执法力度需要进一步加大。论文接下来对当前涉及风险投资的几个热点问题，诸如mbo的法律问题、创业板的设立与上市条件、国际游资的限制以及外资对中国骨干企业的并购的规范管理等提出了自己的看法。最后，文章对一部适合中国国情的风险投资法应该拥有的大致框架给出了自己的设计构想。关键词：风险投资；法律环境；优化；完善abstractthis thesis at first gives us some basic concepts of venture capital investment, and venture capital investment histories around world and inside china. then it tries to analyze the importance of venture capital investment for a country economic development and national power enhancement. with the discussion of main supporting environment elements, the thesis tells us must take all these elements into account when we push the venture capital investment business forward. as a key point, the law environment of venture capital investment is where this thesis will focus on. through studying and researching the law environment of venture capital investment of foreign countries, we further realize the importance of a good law environment for venture capital investment. and we know more about what area we need take effort to improve. after that, the article gives the bird views of the law environment for venture capital in our country, especially lay stress on its weak points.the main purpose of this theses is to research the pace way to optimize the law environment of venture capital investment in our country according to our national conditions. so that to protect and push the venture capital investment business developing speedily.to realize the aim of enhancement the business of venture capital development in our country, the thesis regards these things below are very important:strong support given by country through national legislation; keeping the vigor of venture capital investment business by building a nice marketing operational mechanism; efficiency priority rule in legislation related with venture capital investment, considering the venture capital investment has its own characteristics with high risks and high potential gains.how to optimize the law environment of venture capital investment? three aspects we need pay huge attention on: to increase the total sum of venture capital supply and as well as the total sum of venture capital need; to enhance 345678910 . >> the efficiency and profit of venture capital investment; to easy the channel of venture capital quit. we need comb and modify the related laws to fulfill the need of venture capital investment development. we had better institute a special law on venture capital investment, so that we can reduce the differences between laws and regulations in different provinces and in different law department.specifically, the article raised its suggestion on how to promote the venture capital investment business in china, which include these several areas:the first is enlargement the scope of venture capital investor, it is necessary and possible to let more investors to enter the venture capital investment area as a capital supplier, say, like social pension fund, like insurance companies, etc. the limitation of venture capital for these institutions need gradually reduce. the second is through set up technical clause of laws and regulations to prevent the venture capital firms to take enormous risk to gamble the profit, like set total investment proportion for a venture capital firm on a single enterprise project. as well as, these laws and regulations initial aim is to stimulate the venture to gain the most is a safety mode.the third is through design a good law system to boost the total venture supply amount and total demand for venture capital.the fourth is to design perfect organization mechanic system and management rules to make sure make sure keep the organization or firms running in a smoothly and efficient way, but still can prevent any potential mortal risks.the fifth is to use some tax relief methods or other favorable policy to push the venture capital business forward.the sixth is to perfect the exit law of venture capital which should include the venture capital quit from enterprise that venture capital invested and venture capital quit from the venture capital firms. both channels should be in a easy and smooth mode.the last is to ensure intellectual property rights being protected well. the venture capital mainly invests in high-tech industries, these industries rely on its monopoly hold of intellectual property rights. a good protection law environments on intellectual property rights is a initial issue for a high-tech company to survive and grow. in the end of article,the writer gave his points on some hot topics about venture capital development in china. also, regard to a suitble venture capital law for china, the artiacal writer designed a main structure of china venture capital law.key words：venture capital investment, law environment, optimization, perfection.论我国风险投资法律环境的优化与完善引 言风险投资的发展历史表明，作为高新技术产业发展的催化剂和经济增长的发动机，风险投资业的发展对一个国家经济的发展至关重要。所以各个国家对风险投资业的发展都给予极大的重视，努力优化风险投资在本国发展的环境，减少其发展路途中的障碍，提供各种必要的支持和优惠条件。在风险投资业发展的环境优化中，促进风险投资发展的法律环境显得格外重要。因为法律与政策环境是风险投资赖以发展的最重要的宏观环境之一。在笔者看来，风险投资的法律环境的重要性与国家宏观经济发展环境的重要性一起构成了影响风险投资发展的最重要的方面，值得深入研究。我国风险投资业的发展只有短短20年的时间，虽然期间也有过波折，但总体而言发展迅速，特别是近几年，可以用日新月异、突飞猛进来形容风险投资发展的现状。而理论界对风险投资的相关问题的研究同样越来越细致，提出了很多看法与建议。许多好的研究成果已经影响到相关国家政策的制定，一批法律采用了相关学者专