Wednesday, December 15, 2010
By the State Council approved the draft GEM will visit the Shenzhen Stock Exchange.
<P>: Http:// hearing, according to report, China Securities Regulatory Commission will be meeting in September, the deployment of specific work on the GEM. .The "GEM Listing issue management approach" (draft) was received on August 22 the State Council, nearly a decade planning the GEM may soon visit the Shenzhen Stock Exchange. .</ P> <P> Shenzhen Stock Exchange on the small board is currently ETF (market value), three boards and the future levels of GEM and other transactions between the Transfer plate has formed a clear idea. .</ P> <P> According to report, China Securities Regulatory Commission will be meeting in September, the deployment of specific work on the GEM. .The "GEM Listing issue management approach" (draft) was received on August 22 the State Council, nearly a decade planning the GEM may soon visit the Shenzhen Stock Exchange. .</ P> <P> early as 1999, the Shenzhen Stock Exchange to begin to build the GEM, or even stopped in 2000 after the board's IPO project. .However, since the GEM was being caught in difficult labor. .May 17, 2004 the Shenzhen Stock Exchange launched the expediency - Small (Quotes Forum) board, but it will come out there is a problem of localization is unknown. .The conditions of its IPO, like the motherboard, only differ in the share capital of the scale. .IPO shares issued 1 million shares of the following companies (excluding financial sector) on the small plates ETF (market value), 1 million shares of big companies listed in Shanghai Stock Exchange. .</ P> <P> the small board is the only platform for small cap IPOs, investors currently on the market --- small and medium investors gathered in this place. .Abundant relative to capital, inadequate supply of small cap stocks, small plates this year, the first day of listing of new shares in the share price gains, earnings, etc. presents highlights of the three high phenomenon. .After the first day of three high, follow-up to trend is a large area of new shares fall risk surge in small plates. .From the perspective of reducing investment risk, increase market channels, to expand resources listed companies to expand the supply of shares is imminent. .</ P> <P> the other hand, in the past few years, the GEM is difficult to advance the case of delay, one step ahead of the OTC market are explored. .January 23, 2006, located in the Shenzhen Stock Exchange increased the agency share transfer system Zhongguancun (Quotes Forum) Science and Technology Park unlisted company shares offer for sale platform that do not meet the listing requirements for the Zhongguancun (Quotes Forum) innovative .technology transfer and provide an equity financing channel and trying to be high-tech enterprises outside the market, once the business matures the Transfer of the Main Board. .</ P> <P> plan in advance the platform of the enterprise of Zhongguancun Science Park from the trial, after which the country intends to promote high-tech enterprises in the park. .However, the platform relies on the transfer agent called three-plate system, was originally STAQ, NET historical two networks listed company and the delisting of the company. .Since the transfer platform, offer market positioning is not clear that the related system is imperfect, resulting in a lack of market appeal of the platform, and listing the company hard for the pilot scale. .</ P> <P> more critical is the relationship with the motherboard platform, offer for sale is not clear, the Transfer mechanisms are not yet perfect. .Transfer of the difficult, to a certain extent, affected the enthusiasm of investors to participate in trading to curb the risk of capital exit channels open, the current three-board market is illiquid, the transaction is not active. .</ P> <P> at the end of the meeting, the CSRC Chairman Shang Fulin for the first time openly four levels of the capital market, the direction is to cultivate the blue chip market, to develop the SME board, timely introduction of GEM .Integrated agency share transfer system. .</ P> <P> Shenzhen Stock Exchange after years of construction has constituted the basis of multi-level, currently pending launch of the GEM, which listed various levels to further improve the regulatory threshold and work, and to switch between various levels .board has had a relatively clear idea of thinking. .</ P> <P> According to report, the Shenzhen Stock Exchange earlier this year, GEM has been re-established the Working Group is being done for the advent of the GEM of the advance preparation. .</ P>.
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