大力发展风险投资业是当代世界经济发展的必然要求,对促进我国经济建设和提高国家综合国力具有重大意义。本文从法律视角入手,借鉴西方发达国家的先进经验,比较分析了风险资本公开上市、股权回购、企业并购、清算等制度,旨在为构建我国风险投资退出机制探索一条可行之路。 Vigorously developing the venture capital industry is an inevitable requirement for the economic development in the contemporary world and is of great significance to promoting China’s economic construction and enhancing its overall national strength. This article starts from the legal angle of view and draws lessons from the advanced experience of the western developed countries to compare and analyze the systems of the public offering of venture capital, share repurchase, merger and acquisition, liquidation and so on. The purpose of this article is to explore a feasible way to construct the exit mechanism of venture capital in our country.