根据风险资本“融资-投资-增值-退出”的运动特点可以看到风险投资退出渠道是其实现循环增值的关键,是否拥有一个完善的风险投资退出机制决定看我国风险投资未来的发展。结合中国特定经济周期,特殊金融市场环境和政策法规制度,提出中国风险投资的有效退出方式,为实现风险投资退出扫除障碍,不断探寻我国风险投资最佳退出途径。 According to the movement characteristics of venture capital “financing - investment - value added - exit”, we can see that the exit path of venture capital is the key to realize its value added cycle. Whether it has a perfect exit mechanism of venture capital determines the future development of venture capital in our country. Combining with China’s specific economic cycle, special financial market environment and policies and regulations, this paper puts forward an effective way to withdraw venture capital in China. In order to achieve the exit of venture capital, it is necessary to continuously explore the best exit path of venture capital in China.