Low-threshold + single audit for the creation of mining enterprises in China Mining Board.

<P>: Http:// News, executive vice president of the Geological Society of China, the former China Geological Survey to the Secretary Meng told reporters in Shanghai yesterday, a wish to create applications for mining has shown a special board handed the CSRC .will be the leaders of the desk, allegedly a move to allow domestic financing of many mining companies to reduce the threshold to more easily melt into the capital. .</ P> <P> Meng came in yesterday at the "2007 International Forum on Northeast Asia, Metal Mining," the gap in an interview to disclose the above message. .</ P> <P> "China has been the absence of a separate mining capital market, it is difficult to facilitate the financing of mining companies." He said, mining is a large-scale investment, effective long cycle of the industry. .At present, the constraints China Mining comprehensive, coordinated and sustainable development an important factor, is the lack of funds. .Establish a secure and stable mining capital market, capital market to enable mining companies to raise funds for development, to achieve development goals. .Taking into account the creation of all aspects of mining capital market conditions have become increasingly available and should speed up the process. .</ P> <P> "We have China Securities Regulatory Commission recently submitted a special board hopes to open the application mining, mining companies want to enter the market adoption of 'low-threshold, single audit' and other special policy, but has not been back .. "Meng said to reveal. .</ P> <P> "open mind mining board and the GEM may be similar." Shanghai Academy of Social Sciences Institute of Economics Finance and Capital Market Research Hanhan Jun, deputy director in an interview yesterday, said demand for the technology enterprise fund .large, the risk is higher, the foreign capital market, creation of a special board for this purpose is the GEM. .The mining companies may have their own particularity, the more urgent the demand for financing, so the idea of creation of special panels to come into being. .</ P> <P> But he also believes that the board approved mining expertise is unlikely. .Once the precedent for this, many also have special financing needs of other industries will follow suit. .</ P> <P> "even if the application is not set up special board approval, we still hope that the regulators can reduce the threshold of financing mining companies to promote the development of mining industry." Meng is. .</ P> <P> He also told reporters that mining capital market in China should learn to build foreign experience, similar to Canada, Australia, the United States has a large number of ready-made experience. .Toronto Stock Exchange as Canada (the "TSX"), many mining companies listed in the. .But who came home exchange listed mining companies are set up certain conditions, such as requiring them to disclose to the spot and the true progress of the exploration technology and so on. .China can learn from these practices. .</ P> <P> earlier, according to newspaper reports, since 2006, 48% of the global mining equity financing from the TSX. .Among them, there are 122 mines in China by a number of Exchange Main Board or GEM mining company. .</ P> <P> Meng to also said that mining capital market development depends on the positive efforts of the participating subjects, including those funded by investors, managers, service providers. .Establish a secure and stable mining capital market, the need for a good position in the main station, play a role. .</ P> <P>.