Gem performers or prostitution: 5 responsibilities in the connecting link is VC

May 17, the broad market Green, Hepalink (002399) Red, just look at this point Hai-should be very glorious face, but actually lost face of a lot of.　　As not long ago was also placed high hopes of "the first high price stock" candidate, in the high price of 188.88 yuan, and the National Technology (300077) together, turned a sharp decline of dozens of yuan. In China, which reads 8 as "hair," the 188.88-dollar share price is a silky wink.　　In recent years the SFC's crackdown on the stock market has increased, but the number of obvious is on the increase, but the 188.88-dollar figure reveals the possibility that the hands that have the ability to easily "wink" can still crawl forward.　　Not to say anything else, the "first high price stock" and Hepalink received this wink, are implied: China's stock market development is still like a naughty child, and farce is still the child's favorite game.　　But the funny part is that, with no reason to bear the momentum of the rising price of the sea, the role has changed, became the top of the blame for the fall of the suckers. This year's break is nothing new. January 28, China's electricity from the West (601179) listed on the first day of the end of diving break closed. As the sign came out, after one weeks, China (601106) was "dedicated".　　And the recent time, more bad news, both on the debut break of the Silk (002404), but also winding down to bear blunt knife cut the meat of Love (002403) and and and Thai (002402). Today, there are 45 stocks that have been listed and break this year, accounting for One-third of the current IPO total this year. So many "volunteers" came out to "solve the case", such as some said: "See the recent new shares break down the space unprecedented, and give them this space is high prices." In the diving world, this is the difference between 3 meters and 10 meters. This time, is believed to stand on the 10 meter stage the originator, is the 148 yuan sky-high price issue sea-Puri.　　"In fact, even the eyes of the hepalink, you have to honestly admit, Hepalink is just a scapegoat, high prices-especially the gem listed companies at a price-earnings ratio of 70 times times, is the real reason behind the diving." Pioneering board all the way, twists and turns constantly. From October 2000, the Shenzhen stock stopped new stock to build the gem until the last birth, after nearly 10 years. During the early 2001, the myth of the city was shattered domestic stock market pouring scandal, Cheng proposed slow push gem such subjective understanding of the toss and turn, and 2005-year plate 50th stock listing, after the Shanghai stock market stopped new shares to make way for the objective reasons, the twists called "Ten years Grinding a sword" is not too. But after 10 years, what kind of sword is worn out?　　From the present point of view, is just a high hopes of the sword.　　It is said that the gem is responsible for 5: (1) for High-tech Enterprises to provide financing channels. (2) through the market mechanism,Effectively evaluate the value of venture capital, promote the combination of knowledge and capital, promote the development of knowledge-based economy.　　(3) Provide "export" for venture capital fund, disperse risk of venture capital, promote virtuous circle of high-tech investment, improve the flow and use efficiency of high-tech investment resources.　　(4) To increase the liquidity of enterprise shares, to facilitate the implementation of equity incentive plans, and encourage employees to participate in enterprise value creation.　　(5) To promote the standard operation of enterprises, the establishment of modern enterprise system.　　Among the 5 items, the connecting link is VC. Mature enterprises unwieldy, even if there is a new vision of the benefit of the good, but also often scruple to have the interests of the so-called "creative destruction".　　Oracle's database, for example, was conceived originally by IBM, but the latter feared that the sale of existing database products brandished from the palace, and Oracle had a sudden rise.　　The world's gem, and Nasdaq in particular, is behind the idea of allowing more money to support "creative destruction" in the most risky start-up period. Gem and venture capital, like Bridge at both ends of the cowherd and Weaver.　　Unfortunately, ten years after "separated", the gem of this section of the bridge connected, but a memorable love into a body lounging bed play. You see, gem on the IPO a connected one, inventory of entrepreneurs one night the rich how many money Shijian, a few care about the company can do? 100 of those who relish the throne of Li Li, the hepalink couple (although not for a few days), and the tens of billions of of the people behind them, have a few concerns about their own expectations of entrepreneurship 12 years ago?　　How many of you care about heparin sodium? The gem out, and the road PE, VC uniform to do IPO, scheming to change the profit to cash.　　Rainy days borrow more and less umbrella, sunny day hard to send an umbrella more and more.　　There is a difference in how money is given. Wang Anshi had done "injury Zhongyong", "Jinxi people Fangzhunyong, the world scribe." Zheng Yongshen Five years, he did not know the book, and suddenly asked for it; That is, the four sentences of the book, and its own name, its poetry to foster parents, the family as the meaning, preach a township scholar view. Naturally refers to the composition of poetry, its arts and sciences have a considerable. The people of the Yi, slightly guests of their father, or a coin begging. The father of the Dongyong also, the day to pull the people in the Yi, do not make learning. I smell it too long. Ming Road, from the ancestors Haigu, in the uncle's home, Twelve-Three. Make a poem, not the smell of the former. Another seven years, also from Yangzhou, back to the uncle asked Yan. Yue: "The crowd is all."　　"" "refers to poetry, arts and sciences have a considerable amount of Fangzhunyong certainly have a good endowment, but met the" Father Lee's "Dad, talent are used in the immediate change, less than 20 years old from a prodigy to" the ". This shows that boost far more powerful than the kill, wounding in the invisible. Today, the gem selection, pricing contains the mechanism is not necessarily not a kind of boost, I do not know how many enterprises have been carrying the "pure" curse.