Preparatory Work for GEM Going Along OrderlyIt is learned from the senior seminar on the Prospect of Macro Economy and the Development of China's Growth Enterprise Market (GEM) held recently in Beijing that the preparatory work for the launch of the GEM is going along orderly.The leaders and specialists attending the seminar believe that the establishment of the GEM in the mainland of China is of significance for supporting the growth of small and medium-sized enterprises, promoting the development of hi-tech industry, improving China's venture investment system and promoting the strategic adjustment of China's economic structure, especially the upgrading of industrial structure. In the preparation of the rules for the GEM, nine regulations, including the listing rules for start-up enterprises, are soliciting advices from related departments. About 70 percent of market insiders believe that the stipulation of the regulations reflects the requirements of internationalization and market orientation; In technical preparation, the trading and settlement system of Shenzhen Stock Exchange is basically ready. In the preparation of listing sources, according to incomplete statistics, there are more than 2000 enterprises have intention for listing on the GEM and over 200 enterprises have signed listing recommendation agreement with securities firms. On the seminar, the attendees held in-depth discussions on china's current macro economic situation. They believe that the growth of the Chinese economy has reversed the downward trend. But the foundation for the pick-up of economy is still unstable. To promote the turn of the economy, they suggest adopting effective measures for macro regulation, including proactive financial policy and moderate monetary policy. (Panorama) |
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