Congjiu: VC participation helps enhance the quality of gem

Congjiu, assistant chairman of China Securities Regulatory Commission, said in Shanghai that the investment and participation of professional venture capital enterprises will help to improve the quality of innovative enterprises and enhance investors ' confidence, which is essential to promote the development of gem market.　　The next step is to get more VCs involved, and it's important to keep the scale bigger. Congjiu at the end of last weekend at the seventh session of the Snai-asu Entrepreneur Forum, held jointly by the Shanghai National Accounting Institute and the American Arizona, State State University.　　He revealed that there are currently listed 86 Gem Enterprises, 59 have venture capital involved, which is to a large extent also the market selection mechanism to play a role in the results. "The wind throws the talented, the profit and the risk identification all has the unique, also has undertakes the risk the ability." They bring professional people, professional mechanisms and specialized capital, so the role is very unique. "Congjiu said. He said more investment and participation in venture capital will help to improve the sustainability of entrepreneurial development and enhance the confidence of other investors in the future development prospects of innovative enterprises.　　But the mechanism of venture capital is still not very smooth, the scale of capital is not big enough, need to be bigger. Congjiu pointed out that the launch of the GEM has been carefully prepared by the government and major participants, and was launched in the context of the international financial crisis, China's rapid economic growth transformation and low carbon and innovative economy (310358, fund bar) wave sweeping the global background, and encountered unprecedented historical opportunities,　　But it also shoulders an unprecedented historical mission. Specifically, congjiu that the gem in the current stage of China's capital markets and economic development has played a major role in three aspects: first of all, embodies the focus on supporting the development of innovative industries of the national policy guidance. He said that the current gem listed companies have some basic characteristics: one is the main business is more prominent, basically a listed company mainly focuses on a major product and direction of operation, enterprises are not "complex"; the second is that the growth is relatively good;　　All these embody the characteristics of the innovative economy. Secondly, the gem market has also promoted the development of the venture capital industry, which in turn will further promote the growth of the gem. In the past many years, the venture capital industry in China's development relatively slow, the corresponding mechanism is not very smooth.　　The launch of the gem market has brought many very positive developments to venture capital. Third, the start-up of the gem can also effectively improve the broad masses of small and medium-sized enterprises to govern the economy and operating mode. To promote the greater development of listed companies in the future, these companies must have a normative form of governance and a transparent corporate system. In these aspects, the gem market of sound laws and regulations, as well as the capital market in the past 20 years accumulated in the regulatory and development experience, the enterprise has brought great wealth to the gem.　　Join the gem, to these enterprises in the business model of improvement and entrepreneurial incentive mechanism and so on will bring a leap. Looking at the structure of the listing, Congjiu said that theThe enterprises of the development Zone and the High-tech Park have become the focus of the listed companies of the Gem, which has fully demonstrated the results of our country's innovation-oriented strategy in the past decades, which, in turn, proves that the listing resources of gem are abundant. Looking to the future, Congjiu pointed out that the growth of the gem market still faces five major challenges: first, in the context of changing the mode of economic growth, the completion of the transition from innovative enterprises, innovation industry to pillar enterprises and pillar industries is a large span, which has brought great challenges to gem enterprises; second, how to from the regional color strong domestic innovation, It is a big test for the enterprise to build up its international competitiveness to the scale; Thirdly, we need to straighten out the forming mechanism of venture capital and enlarge the scale of venture investment; Finally, we should adhere to the investors ' proper management of gem, so that investors have full risk consciousness; The development of GEM has also challenged the education and personnel training system. From the development of gem market, whether it is innovation economy or innovation industry, talent is the first resource, and talent and education have a very big relationship, the development of gem can not only provide a good incentive for existing talents and education, but also put forward a great challenge to education and personnel training system.