创投私募行业在美欧等国已有数十年的发展历史,期间他们为各种创新型中小企业的发展壮大以及美国的产业整合做出了巨大贡献。反观中国,中国的创投私募行业尚属起步阶段,力量薄弱,投资理念不成熟。因此,在次贷危机冲击整个经济体系之背景下,探求中国创投私募行业的发展状况,寻找其背后之机理并提出可行之建议便至关重要,而这即本文之研究目的。 Venture capital and private equity industry in the United States and Europe have decades of development history, during which they create a variety of innovative SMEs and the United States made a great deal of industrial consolidation. In contrast, China, China’s venture capital private equity industry is still in its infancy, the power is weak, the investment philosophy is not mature. Therefore, in the context of the subprime mortgage crisis impacting on the entire economic system, it is of crucial importance to explore the development of China’s private equity venture capital industry, find the mechanism behind it and put forward feasible suggestions. This is the purpose of this paper.