摘要:With the Growth Enterprise Market (GEM) opening, China’s capital market system has been gradually improved, the total amount of venture capital investment has emerged explosive growth. This article focused on relationship between venture capital and enterprises’ performance of GEM listed companies in China. The empirical results found that venture capital involvement will enhance enterprises’ performance, a high proportion of venture capital holdings is conducive to enhancing enterprises’ performance, and the high reputation of venture capital institution is able to enhance enterprises’ performance.