Shanghai Start-Ups Favor the Second Board

The Discussion and Consultative Meeting for the Zhangjiang Hi-tech Park to embrace for the launch of the Growth Enterprise Market (GEM), co-sponsored by the Zhangjiang Hi-tech Park, the Shanghai Securities Newspaper, the Securities Times and the China Securities Newspaper, was held recently. More than 220 start-ups, together with over 20 intermediaries, including brokerages, accountant firms and legal firms, attended the meeting. The whole activity has set off a new surge for the hi-tech enterprises in Shanghai to embrace for the GEM, which is to be launched at the end of the year.

The aim of the meeting is to help the hi-tech enterprises insider and outside the Zhangjinag Hi-tech Park to understand the GEM, create conditions for these enterprises to get listed and grasp the listing channels, and stipulate industrialized development strategies for these enterprises, to build a sound investment environment for the park.

As a state-level development zone, the Zhangjiang Hi-tech Park has become a focus for Shanghai to develop hi-tech industry. Currently, more than 600 enterprises have registered in the park and an innovative system, which takes independent intellectual property rights as the core, is taking the shape. The park has also constructed a frame for itself to become the state biomedicine sci-tech industry base, the state information software industry base as well as a technology innovation area.

Dai Haibo, general manager of the Zhangjiang Hi-tech Park Development Corporation, said the launch of the GEM is a gospel not only for China's capital market, but also for the development of China's hi-tech industry. The Zhangjiang Hi-tech Park is rich in hi-tech and growth enterprises suitable for listing on the GEM. The park will take this opportunity to help these enterprises to carry out restructuring and get listed.

Related people from the Shenzhen Stock Exchange said with the launch of the GEM, a lot of Shanghai-based enterprises, including those form Zhnagjiang Hi-tech Park, will get listed in Shenzhen, and such kind of optimized disposition of resources will be beneficial for the healthy development of China's capital market. (Panorama)



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