 |
China to Quicken Listing of Hi-Tech Enterprises
Xu Guanhua, vice-minister of Science and Technology, indicated that in the face of the profound changes brought about by economic and technological globalization and China's projected entry into the WTO, China must find a right breaking point of the hi-tech industry, vigorously develop risk investment, speed up the listing of hi-tech enterprises and explore diversified channels for the industrialization of scientific research and its achievements.
Xu said the market character of high-tech industry determines that the government cannot involve itself too much in the investment Instead, it should rely mainly on the market mechanism and diversified capital market channels and on the investing efforts of the enterprises themselves.
He thinks that China's current risk investment cause mainly depends on the financial support given by governments at different levels, which is necessary in the initial period of the development. However, international experiences show that in the end, various policies are needed to stimulate non-governmental risk investments.
In This Section
|