This paper aims to analyze the mobilization efficiency of venture capital (VC) in China. It has been found that the dearth of venture capitalists, absence of appropriate exit channels, and lack of open, active, mature, and stable equity-driven capital markets result in low mobilization...

Collective bonds are innovative financial instruments issued in some of China's high-tech development zones to solve the financing dilemma of small- and medium-sized enterprises (SMEs). This article creates a credit model with which to analyze the operating mechanism and inherent laws of...