Shang Fulin Said It Will Study And Develop Gem Refinancing Measures
According to the Shanghai Securities Daily reported on January 10th, Shang Fulin, chairman of the China Securities Regulatory Commission, said on the 8 day that the current and future period will be Strengthen Four aspects, such as market positioning, sound system rules, perfect internal restraint mechanism, and intensified supervision, are to intensify the reform and innovation of the gem, study and formulate refinancing methods for listed companies on GEM, and actively explore the delisting system of GEM companies.
In the fifteenth China capital market forum, Shang Fulin said that at present and in the coming period, we should strengthen the positioning of the growth enterprise market and support greater efforts to develop independent innovation and strategic emerging industries.
It will focus on the development of energy saving, environmental protection, information technology, biotechnology, high-end equipment manufacturing, new energy and new materials.
At the same time, we should improve the rules of the GEM market system and promote the sustainable development of GEM companies.
We should improve the auditing mechanism for issuing the gem, improve the quality and efficiency of audit, steadily expand the market scale, study and formulate refinancing methods for listed companies on GEM, establish a financing mechanism that is suitable for the growth enterprise market, and actively explore the delisting system of GEM companies.
In addition, he said that the internal restraint mechanism should be perfected to further promote the responsibility of intermediaries.
We should strengthen the daily supervision of sponsoring institutions, intensify on-site inspections, urge the sponsors, law firms and other intermediary agencies to work diligently and conscientiously, while promoting the function of professional institutions, and prudently and reasonably pricing, and rationally guide market expectations.
He also said that we should continue to increase supervision.
protect
Investors' legitimate rights and interests.
Insist
Strict supervision will enable issuers to disclose information and reveal risks to investors in a real, accurate, complete and timely manner, and guide and urge GEM companies to strengthen governance mechanisms.
As of the end of December 2010, a total of 153 enterprises listed on the gem, raising a total of 116 billion 750 million yuan, the total market capitalization of listed companies was 736 billion 500 million yuan, the cumulative turnover of 1 trillion and 750 billion yuan; 17 million 790 thousand investors have opened gem accounts, institutional investors holding gem market value reached 33.07%.
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