Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Regulator: China to implement two revised rules involving GEM on June 14
+ -
08:11, May 15, 2009

 Related News
 Growth enterprise board may launch in October
 GEM draft listing rules mark major step in China's capital market innovation
 Comment  Tell A Friend
 Print Format  Save Article
Two revised rules involving a planned Nasdaq-style stock market, the Growth Enterprise Market (GEM), will take effect on June 14, according to the China Securities Regulatory Commission (CSRC) Thursday.

The two rules involve establishing an independent committee to approve listings for the GEM and the management of sponsors of IPOs.

The two rules are taken as a key step closer toward introducing the much-anticipated GEM, a board intended to nurture innovation-driven start-ups as the government tries to help smaller companies get financing and encourage technological advances.

The rules are the same as the drafts issued on April 17 to solicit public opinions, said the CSRC.

Under the rules, the new panel will have 35 members. Five will come from the CSRC and the others from the accounting, law and other sectors. The panel won't include members of the review panel for IPO application on the main board.

Under the rules, the sponsors of IPOs on the GEM are required to monitor the companies' performance for three years, up from two for companies on the main board.

Source: Xinhua



  Your Message:   Most Commented:
Tamil protesters block major freeway in downtown Toronto
Jackie Chan's 'freedom' talk sparks debate
Bias or information gap
Obama shows his smart power
Official fined for underage sex

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90857/90861/6658154.pdf