English to Chinese Bus/Financial Investment / Securities

Europe's governments have been slow to simplify rules that govern the creation of new companies. Restrictive labour laws in Germany, France and many other European countries are a big obstacle to many start-ups, which often need the freedom to hire and fire staff at short notice and cheaply just to survive. High taxes on capital gains also make it less rewarding for entrepreneurs to incorporate in such countries, which in turn puts off VC investors.
That could change. Britain is giving greater tax breaks to VC investments. Gordon Brown, Britain's finance minister, recently announced a doubling of the tax credit for VC trusts in his annual budget. A few high-flyers have smelled profits. Paul Harvey recently left a job as a technology investment banker with Goldman Sachs in London to start Abbey Road Venture Partners. He reportedly wants to raise $150m to invest in new technologies.
注：VC指风险投资/资本