Financing Entrepreneurship and Innovation in China: A Public Policy Perspective

Financing Entrepreneurship and Innovation in China: A Public Policy Perspective

By Lin William Cong, Charles M. C. Lee, Yuanyu Qu, Tao Shen
August 20,2018Working Paper No. 3733

This study reports on the current state-of-affairs in the funding of entrepreneurship and innovations in China and provides a broad survey of academic findings on the subject. We discuss the implications of these findings for public policies governing the Chinese financial system. In particular, we conclude that regulations governing the initial public offering (IPO) process in China are antiquated and in dire need of reform. We also identify and discuss promising areas for future research.