Science Research Management ›› 2015, Vol. 36 ›› Issue (10): 161-168.

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A study on the development tendency and strategies of angel investment in China

Wang Jiani1,2, Li Yang3, Liu Manhong2,3   

  1. 1. The School of Finance, Capital University of Economics and Business, Beijing 100070, China;
    2. CAS Research Center On Fictitious Economy & Data Science, Beijing 100190, China;
    3. School of Finance, Renmin University of China, Beijing 100872, China
  • Received:2014-03-11 Revised:2015-04-03 Online:2015-10-25 Published:2015-10-21

Abstract: By using surveys and second-hand data, this paper studies the development tendency and strategies of Chinese angel investment in the transformation period. It finds that: (1)Chinese angel investment is experiencing rapid development. Government encourages entrepreneurship and innovation, which has created a good environment for developing angel investment. Therefore, the Chinese angel investment will shift into the phase of popularizational, organizational, institutional, and integration with incubator and equity crowd funding deeply. (2)Chinese angel investment has some problems in investor's cognition, standardization development and policy making. For promoting standardized and sound development of angel investment, to support innovative economic development, this paper suggests that improve the angel investment laws and develop the management system, issue the incentive policies and intensify the guiding role of the government.

Key words: angel investment, development tendency, strategies

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