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Abstract Both of venture capital forms, corporation manufacture and limited partnership manufacture, have their own advantages and disadvantages. No matter which form we choose, we should base on na-tive facts and can not copy other countries' pattern blindly. With the comparison among venture capital forms, our country should choose the main venture capital form of corporation manufacture and develop the limited partnership manufacture step by step because of the obstacles of exist legislation, the faulti-ness of the social credit system, the lack of mature institution investors and suitable venture capital investors , and the limitations of limited partnership manufacture itself.
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Received: 25 June 2003
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