Comments: The key period in particular need to play a unique advantage of the gem

Newspaper commentator Dong Shaopeng July 26, the rapid preparation of the gem market ushered in a festive moment: the day a total of 108 companies to the CSRC submitted the listing application; The CSRC invited the media to conduct on-site interviews to give the public more information on the latest development of the gem preparations. Historical experience tells us that it is often not accidental that a new thing is welcomed and made great progress. 19 years ago, China's stock market was born under the backdrop of a major economic turnaround in China. Despite the twists and turns, China's stock market has remained firm.　　Today is a brisk progress in the gem market, but also at a special moment. July 23, the Politburo has just held a meeting to study the current economic situation and economic work. Only two days later, China Securities Regulatory Commission formally accepted the launch of the GEM company to declare work. Before the end of this year's "two sessions" just closed, China Securities Regulatory Commission on March 31 issued the "initial public offering of shares in the gem listing management interim measures."　　In a sense, the opening of the gem and 19 years ago opened the Shanghai and Shenzhen motherboard market similarities, both bearing the economic system reform and meet market demand for the important mission. In the first half of 2009, China's economic growth in the international economic environment is extremely difficult and deep domestic economic contradictions have not yet been resolved. To ensure the economic development in the future, and strive to improve the overall quality of the national economy and competitiveness, is placed before us a major issue.　　To this end, July 23, the Politburo meeting put forward "six more attention", that is, in the growth of insurance to pay more attention to promote structural adjustment, pay more attention to accelerate independent innovation, pay more attention to strengthen energy conservation and environmental protection, pay more attention to urban and rural co-ordination and regional coordinated development, pay more attention to We think that from the function design and the expected role of the gem, "six more attention" can be embodied in the Gem and implementation. To keep the steady and fast growth of the national economy requires venture capital and small and medium-sized enterprises to accelerate development, which requires the vitality of private capital. The adjustment of economic structure also requires the participation of multiple forms of ownership, which requires economic entities of different scales to play their respective roles. To speed up independent innovation, it is especially necessary for small and medium-sized enterprises to innovate first, especially to promote the development of national innovation strategy and folk innovation activities. And the role of entrepreneurial enterprises in urban and rural planning and regional coordinated development is remarkable and has great potential.　　The size of entrepreneurial enterprises, the majority of small, for the settlement of jobs, expand employment opportunities play an irreplaceable role. The current external economic situation is grim, but will have a "push" effect on China's economic adjustment, will open space for a new round of economic growth. 　　With the implementation of the stimulus package and the adjustment of the economic structure, it is the historical opportunity to develop the gem market vigorously, in turn, a management science, running a good gem market, will also play an active role in the development of national economy. In order to facilitate the listing of enterprises, China's "initial public offering of shares andThe interim measures for the management of GEM listing set up two sets of audit standards, allowing SMEs to choose according to their own situation.　　At the same time, in the beginning of the opening of the gem, the regulatory level for the listed enterprises audit standards to be relatively high, to ensure that the gem has a good beginning, to maintain a healthy and stable development. The upcoming China Gem is to serve the long-term development of China's economy, with distinctive Chinese characteristics.　　It is not a replica of Nasdaq, nor is it simply a low threshold market for small and medium-sized enterprises, but rather a combination of China's economic development phase to meet the innovative market of corporate financing needs based on local enterprises. We believe that after more than 30 years of economic system reform and market mechanism evolution, China has a huge stock of small and medium-sized enterprises, accumulated a strong civil innovation force, capital preparation has been relatively adequate. Although the timing of the launch of the gem is cautious and cautious, but the launch can still be seen as "timely and hair."　　The introduction of gem, not only for growth-oriented enterprises to provide support, but also through the demonstration of capital markets, so as to strengthen the capital market for national economic development Support, promote the construction of innovative countries. The global financial crisis is still in the background of the interpretation of the launch of the gem, not only to boost confidence, but also a long-term strategy. We believe that through the joint efforts of all parties, fully injected into China's wisdom, GEM will be able to build a "board of confidence", "board of Vitality", "board of Innovation", "board of Norms" and "Strategic board"!