Landing place soon burning passion for GEM.

<P> This Guide: First page: landing soon GEM "burning" passion of the second page of the local finance: Financing the Growth Enterprise New Sichuan, Hubei and cited the desire Zone "reward" the third page of listed companies: rush rush "First Bus" Shandong .GEM survey fourth page of resources: Chongqing venture capital industry: No retreat in the middle of the fifth page of the line: hundreds of Zhejiang enterprises "snatch" the first GEM places </ P> <P align=center> landing soon .GEM "burning" of local financing passion </ P> <P> GEM IPO approach is being consulted, it will be the biggest venture capitalists are positive; more importantly, the Commission plans to hold GEM Venture Capital .shares in the company shortened to one year lock-up period, which makes venture capitalists are highly encouraged. .</ P> <P> venture intends to ban one year </ P> <P> It http:// hearing, the Commission on Friday issued "initial public offering and listing on the GEM management approach (for advice .draft) "(hereinafter" the draft ")," the draft "and will be landing the GEM for the" independent innovation "and in the growing small and medium enterprises listing and financing a wide open channel. ."The introduction of the GEM is the largest venture capitalists are positive, which they cast out the best channel for enterprises." Shenzhen Stock Exchange chairman Chen Dongzheng of "First Financial Daily" said. .Will be launched one after another related to the GEM system to encourage venture capital to further express the idea, according to a CSRC official said on Friday that the idea embodied as a venture capital holding shares in companies listed on GEM lock-up period .reduced to one year. .Management approach in the motherboard in the IPO, according to the Shanghai Stock Exchange Shenzhen Stock Exchange stock market rules, controlling shareholders and actual controllers, the listing for the 3-year lock-up period, and published in the prospectus the issuer within the previous year to increase their investment in new .shareholders, the issuer complete lock-up period for the change of business registration procedures to increase their investment within 3 years. .Shorten the lock-up time is conducive to venture capital to speed up capital turnover rate, then go cash in investment income to invest in new enterprises. .Venture capitalists are all excited. .The country's most famous venture capital company, Shenzhen Capital Group Co., Ltd. President Wanshou Li told this reporter yesterday, said: "The shorter lock-up period is very good, this guide is also very conducive to innovation-oriented country strategy, which will encourage innovation .investments with innovative companies to invest in the seed stage, venture period, rather than the maturity of the speculation. "Wanshou Li proposed a refinement of the system and shorten the lock-up can enjoy the preferential policies of enterprises eligible to be distinguished," for example follow-up policy .investment in time as the planning of specific breakpoints, listing the stage two years ago to invest in this enterprise should be viewed as a risk investment, because "the draft" which provided two sets of criteria listed on business for three years, two years of profit or .profitable year, the standard, then the investor should at least be true in the market two years ago to invest in this business, because that is the bear a larger risk, should be encouraged; must not be a pre-IPO investment in this business one year .people will be able to shorten the lock-up period, as with the speculative nature of such acts should not be encouraged. "from Shenzhen Capital Association's Professor Wang Shouren told this reporter that he was very happy. ."We adhere to the proposed venture has been shortened to one year lock-up period, which reflects not only the encouragement to us, but also acknowledged the contribution of our venture." Principle, the venture can not avoid risk, but investors should .adhere to risk. ."We will properly take into account the contribution of venture capital, according to the length of time to distinguish between investment give a different lock-up period, but the venture capital market can not put a risk of the buck to the investors pulled out of his body, after all, the enterprise can .has withstood the test of the market, still need time. "Chen Dongzheng said to be balanced to grasp this. .</ P> <P> loss of corporate venture capital regret missed </ P> <P> venture capitalists are enraptured, they also feel a little regret. .IDG Venture Capital Fund, a partner that is also on the loss-making enterprises should be allowed to GEM, Sohu is the loss on the year listed. .Wanshou Li this particular business model that some enterprises have losses, but still have value. ."We spent more than 6000 million of investment is at a loss of a business, and now more than 300 million profit, but this business model is rather special, requires a certain level of ability to identify risk tolerance and investment." He believes that some companies do not belong to .rains it pours type, value judgments can not just financial data standard, but look at business models, technology research and development. .Adventurous spirit of the venture capitalists have their quality of GEM sponsors, issuance examination committee has some concerns about professional standards. ."They can adapt to the GEM companies different? GEM demanding of sponsors, not only to understand the distribution rules of the market, but also to understand the industry, understand technology, understand the market. Issuance examination committee is a small and medium panels, board .different styles, not just focus on legal, financial aspects, the GEM's value can not be reflected here, but rather reflected in the technical threshold, innovation, market potential, quality of the team, this is the ultimate success of start-ups factors, the .trial, the trial link has to be made of experts in various industries to do. "Wanshou Li said. .</ P> <P>.