1、 摘 要 随着资本市场的不断发展与完善，风险投资逐步成为企业获取发展资 金的重要资金来源之一。退出机制作为风险投资的重要环节必不可少，只 有建立顺畅完善的退出机制，资本循环和资本增值才能实现。在退出机制 上，我国由于法律、法规、市场体制等因素的制约，使得作为风险投资收 益实现的退出过程阻碍重重，这已经成为制约我国风险投资发展的主要问 题。本文旨在通过对风险投资退出机制的介绍以及现今我国风险投资退出 机制的现状与美国相比较得出问题症结， 提出完善资本市场， 完善政府 （法 律法规）职能，完善投资机构三方面的改进意见，以此健全我国的风险投 资退出机制。 关键词关键词：风险投资 退出机制 现状分析
2、对策 ABSTRACTABSTRACT With the continuous development of capital markets and improved access to venture capital business development funding has gradually become an important source of funding. Broad sense refers to all high-risk investment risk, high potential return on investment; the narrow sense r
3、efers to the high-tech venture capital-based, production and business investment in technology-intensive products. Exit mechanism for venture capital as an important part of essential, only by establishing an exit mechanism for smooth and perfect, capital circulation and capital gains can be achieve
4、d. Capital exit process as the main method to realize investment revenue has meet many obstacles as a result of our laws and regulations，market structure，and other factors. This has become the major problem which constraining the development of venture capital in China. This article aims to venture capital through the introduction of exit mechanisms for venture capital in China, as well as the current status of the mechanism of withdrawal, compared with the United States to draw a conclusion,
