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Bulletin of Chinese Academy of Sciences (Chinese Version)

Keywords

science and technology venture capital (STVC)；technology startups；technological competition；Trump 2.0 era

Document Type

Strategy & Policy Decision Research

Abstract

Science and technology venture capital (STVC) provides financial and operational support for enterprise’s technological innovation, effectively mitigating risks in entrepreneurial activities. Foreign STVC, represented by that from the United States, has ever played a crucial role. The technology sector has emerged as the primary battleground in Sino-US strategic competition, with tightened restrictions on US-led STVC flows to China becoming a critical tool for suppressing Chinese technological advancement. The study systematically analyzes the key provisions of a series of U.S. legislative acts imposing sanctions on China’s science and technology innovation investments and assesses the characteristics of restriction measures during the Trump 2.0 era. Taking the STVC of American investment institutions to China’s first-tier cities since the implementation of the “mass entrepreneurship and innovation” initiative as the example, the study analyzes the shortcomings of domestic STVC institutions in supporting enterprise innovation, as well as the challenges that Chinese STVC markets and enterprises may face under Trump 2.0. Finally, policy recommendations are proposed to uphold openness and innovation, stabilize and expand the fundamentals of STVC, optimize the domestic STVC market, and cultivate a robust indigenous venture capital ecosystem.

First page

1442

Last Page

1454

Language

Chinese

Publisher

Bulletin of Chinese Academy of Sciences

References

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