The Shenzhen Regulations are China's first venture capital investment rules. These regulations propose a radically different opportunity for foreign investors than any before in the PRC. The Shenzhen Regulations are regarded as innovative and a laudable attempt of the Shenzhen government to create a better investment environment and facilitate venture capital investment in Shenzhen. In any event, the Shenzhen Regulations will inevitably serve as a blueprint for a more comprehensive national response to regulating and encouraging venture capital investment.
