An authoritative source revealed on December 7 that the Shenzhen Stock Exchange had submitted the draft GEM delisting plan to the China Securities Regulatory Commission in September. At present, the China Securities Regulatory Commission has established a special team to study the delisting system, not limited to the GEM, but to coordinate the research on the reform of the delisting system of listed companies and further improve the exit mechanism of listed companies. GEM companies have a small historical burden, coexist with high growth and high risk, and will directly delist the system of "first try first". Regulatory authorities hope to use GEM as a breakthrough to drive the main board delisting system to follow up. "Among the various supporting systems of the GEM, the delisting system is the basic institutional arrangement to ensure the efficient and orderly operation of the market and achieve healthy and sustainable development." An authoritative person said that as a key link in the long-term mechanism for the survival of the fittest in the capital market, the perfect The delisting system on the one hand guides market resources to high-quality enterprises, on the other hand it effectively curbs excessive market speculation and violations of laws and regulations, and protects the rights and interests of small and medium investors. The establishment and improvement of the GEM direct delisting and rapid delisting system will form a good interaction with the deepening reform of the issuance system, which will help to achieve more scientific and reasonable valuation and pricing, and is in line with the current market-oriented reform and the fundamental direction of basic system construction. This person said that because the delisting system involves a wide range and has a great impact on investors, it is currently being promoted in an orderly manner, and the entire procedure is still being studied and repeatedly demonstrated. This person suggested that in addition to studying and perfecting the delisting system, the regulatory authorities should also study the whereabouts and regulatory issues of GEM companies after delisting. Currently, the CSRC has no special functional department to supervise delisting companies. At the same time, the issue of relisting of delisted companies should be studied to build a mechanism for the growth of the GEM. The person in charge of the Shenzhen Stock Exchange previously stated that the delisting system of the GEM is more strict than the delisting system of the main board. The delisting standards have three main characteristics: multiple standards, direct delisting and rapid procedures. In the overseas GEM market, delisting is a common and normal market behavior, and the delisting rate is significantly higher than the main board market. From 2005 to 2008, there were more than 40 involuntary delisting companies in the US NASDAQ market each year, and the delisting ratios (number of delisted companies / number of listed companies) were 2.6%, 1.6%, 1.5% and 1.8% respectively; In the AIM market from 2006 to 2008, there were more than 60 involuntary delisting companies each year, and the three-year delisting rates were 1.6%, 5.6%, and 10.1%, respectively. The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting. For more information, please click download to view all articles. Aluminium Forged Sauce Pan,Forged Coating Sauce Pan,Forged Round Sauce Pan HOMEARTS INDUSTRIAL CO.,LTD , http://www.kitchenworks.cc
Contact number 400-609-6665 800-999-3099
E-mail: