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| Author: | Wei, Min |
| Title: | On financial support for high-tech industries at different development stages (original in Chinese) |
| Journal: | Economics Information (c)
1999 : 5, p.60-63 |
| Index terms: | HIGH TECHNOLOGY FINANCIAL POLICY CHINA STOCK MARKETS CAPITAL MARKETS INDUSTRIES |
| Language: | chn |
| Abstract: | At the earlier stage high-tech industries have the characteristic of high risk and long investment-term, but once succeed, they will get huge profit. The risk investment funds meet the requirements of the high-tech industries at the earlier stage. At the development stage of industrialization, the off-the-board market (also called second market) is their financial home, which provides a necessary route of retreat for the risk investment funds and also provides a financing place for small and medium-sized high-tech enterprises by right offering, therefore promoting the industrialization of high-tech enterprises by playing an exemplary role. |
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