风险投资退出方式对风险资本市场的影响

退出是风险投资运作过程的最后也是至关重要的环节，风险投资者以何种方式退出风险企业不仅是投资成功与否的关键，而且影响着风险资本市场的发。通过对两个不同金融体系结构的国家作比较，提出退出方式选择和风险投资市场之间的关系，并指出了对发展中国风险投资业的启示。

Effect of venture capital exit strategy on venture capital market

EXIT is the last and vital stage in the process of venture capital investment.Exit strategy which the venture capital investor exits a venture enterprise not only is of vital importance to the investment success or failure,but also has an impact on the development of the venture capital market.By making a comparison between two countries with different financial system,the relations between exit strategy and venture capital market is pointed out,and some advice for venture capital industry of China are put forward.