SFC: do not grab the GEM Board funds do not seek a fortune overnight.

<P> Low threshold and strict supervision, diversity, innovation is bound to the GEM market value of investment brings new risks and challenges. .Commission Vice-Chairman Yao Gang yesterday warned that the GEM is not for everyone to invest, should not hold the mentality flourishes venture board. .He also said that the GEM Board will not diverted funds, and will attract new money admission. .</ P> <P> GEM board will not divert funds </ P> <P> http:// hearing, according to Yao just yesterday, the Chinese Government in the network subject to the GEM made the remarks in an interview. .Some investors worry that the GEM Board to divert funds. .Yao Gang recommended investors from the higher altitude, longer-term perspective on the GEM, and that funding is not restricted the development of capital market factors, sustained and rapid economic growth in the overall trend in the total social capital decisions will continue to grow. .Capital market is not lack of funds, lack of a more, better and more attractive investment products, lack of is how big "cake", how to make savings into investment. .Yao just use numbers words: corporate finance GEM should be even less than the small board, which is probably a company 100 million to 2 billion yuan of the facilities, the 100 enterprises will 100 billion to 200 billion, only .listed on the Shanghai Stock Exchange is equivalent to a large amount of the financing business. .Therefore, the GEM has little effect on the financial side. .</ P> <P> secure the smooth introduction of the GEM </ P> <P> how to secure the smooth introduction of the GEM? .The SFC made training resources, lower the threshold, strict regulation, industry diversification, the four preparations. .How to cultivate the resources are listed on the first task after the launch of the GEM. .Yao Gang, said: "early, including exchanges, intermediaries, sponsors are to the country to find corporate resources, counseling, aimed at the GEM for the training of reserve resources." Barriers to entry for the design, and Yao is just for comments on .The GEM explained the relevant provisions of Measures for the Administration. ."There must be a certain size can be listed, not as fully liberalized foreign countries to assure that public companies have a certain foundation." Yao just said that they designed two sets of financial indicators, taking into account the growth in profitability, but the weak point .of good business also included in GEM. .Lower the threshold must be accompanied by strict supervision in order to ensure long-term success of GEM. .To prevent non-transparent business listing information, corporate governance problems and the vicious speculation and other issues, the Commission to strengthen regulatory measures, in particular, to strengthen trade regulation, strengthening the company continued to sponsor the responsibility of supervision, while the ways and means will be taken in the transaction .measures to prevent the listing of the sensation, control and other issues. .And the last century, focusing on the Nasdaq 90 different Internet companies, the Commission does not intend to become a GEM of an industry sector. ."GEM IPO management approach only requires a number of financial indicators and corporate governance requirements, but it is basically open to all industries, so it will not too much of any one single industry, so that the whole problem which the industry .GEM to die. "Yao Gang said, adding that the main choice in the early growth, innovation, a high tech companies listed on GEM priority. .</ P> <P> not suitable for all investors </ P> <P> Yao Gang risks summarized in the GEM to remind investors concerned about the six areas. .After the Commission will require the Department of brokerages and investment companies investors GEM signed risk disclosure statement before investing. ."GEM is not suitable for all people to invest. I would like to remind you not to hold GEM investment mentality flourishes, so too risky." Yao Gang said yesterday. .The risk of GEM listed companies into business risk, credit risk, operational risk, innovation, technological risks, investment risks blindly investors, intermediaries risk. .Market risk and credit risk of companies operating the most worthy of attention. .Start-ups in the growth stage, profit model, market development is in its infancy, is not so stable, easy to operate ups and downs. ."Listed companies must be mandatory disclosure, regulatory compliance audit is the audit, the genuineness of the application materials by the intermediary agencies. Therein lies the issue of integrity." Yao Gang said. .Taking into account the small board is more active trading than in the case of the Main Board, GEM smaller individual companies, stock price manipulation more likely that greater volatility in stock prices. .This will give investors a great deal of investment risk. .Compared with the motherboard and the small board, the technology start-ups risk of more special. .SFC hope that some enterprises with high technology content in GEM. .Yao Gang, said if successful high-tech industry, technology really has market prospects, it is investors need to be screened. .</ P>.