Abstract: The paper explores motivating factors for Chinese venture capital firms to syndicate utilizing 5316 VC investments in China based on modern portfolio investment theory, motivations of syndication for VC firms in western countries as well as special laws, regulations and culture environments owned by China. The results shows that in terms of financial motivations (such as the size of financing), motivations of syndication for Chinese VC firms are similar to that in the west ; However, as for motivations closely related to laws, regulations and cultural background of the country, Chinese VC firms act quite differently when deciding whether or not to syndicate.