From the perspectives of market,market mechanism and market system,this paper summarized the development constraints of Guangxi Beibu Gulf Economic Zone venture capital industry,and held that market deficiency was the root of the lag development,and the imperfect market system was the external inducement.

Based on analyzing the motive mechanism of financial institutions lending to the small-and-medium enterprises (SMEs), and the market deficiency, the author suggests that macro-regulations should be focus on improving market efficiency.

Traffic congestion is an example of market failure caused by vehicle transporta- tion s negative externalities,where social costs are much more than private costs.

Due to the inherent feature of technology commodity and technology transaction,market failure rises in the working process of technology market;Our country being in the turning time from plan-economy system to market-economy system,policy distortion and nature distortion make the te.

Fiscal policies that aim at increasing knowledge and human capital accumulation,stimulating technology improvement and alleviating income inequality will correct the market failures and lead.

In the transitional period of China s economy, there appear such problems as "market inefficiency", "government inefficiency" and a worsening "third allocation inefficiency".

Unbiased estimation,price discovery and market efficiency:Relationship between futures prices and spot prices;

Research on performance evaluation of security investment funds and market efficiency;

Delegated Investment, Moral Hazard and Market Efficiency;