In theory,the venture capital shareholding can mitigate the financing constraints of small and medium enterprises,but no such empirical research has been founded.

M ultiple Stage and M ultiple Object Decision Making of Venture Capital;

The Impact of the Entrepreneurial Competence and Radical Innovation on Venture Capital Financing: Evidence from Chinese High-tech Firms’ Practice;

To Construct a Venture Capital Market Supporting Techonology Innovation:a Literary Review;

Developing the predominance of risk investment and increasing the resource of risk capital;

A study is made on the operation system of risk investment and risk capital to put forward the operation conditions of risk investment, emphasize its important part in technological innovation in small and medium sized enterprises of science and technology, propose some measures to cultivate and develop risk invest.

Loss provision,risk capital and deposit insurance fund are three cushions against the commercial banks risk.

A study of the double moral hazard for venture capitalists and entrepreneurs;

The relationship of investors and venture capitalists is an important part in venture capital.

The support from authority policies,the promissory distribution of proceeds and the reputation of venture capitalist,would be helpful to reduce the moral hazard loss and ensure the efforts of venture capitalist consistent with the target of investor.