Establishment of expert advisory Committee on GEM

Our News (reporter Liu Xiahuimin) on the first anniversary of the gem, the SFC 29th in Shenzhen, announced the inaugural Board of Experts Advisory Committee was established. According to the introduction, in the motherboard and the issue of the Board of the audit process, there are related industry experts advisory mechanism.　　Shang Fulin, chairman of the Securities and Futures Commission, said at the ceremony that the gem was running more smoothly for a year. The first Board of Experts Advisory Committee a total of 15 members, respectively, from the national ministries, trade associations, scientific research institutions, colleges and universities and other units to recruit.　　Experts from the Chinese Academy of Sciences, Beijing University of Aeronautics and Astronautics, China Academy of Traditional Chinese Medicine, Tsinghua, State Intellectual Property Office, China Aviation Industry No. 602 Institute and other units. The chairman of the SFC, Shang Fulin, said that the gem is a brand new plate, listed companies for High-tech Enterprises, business model is also relatively new, for business growth and risk judgment needs extensive expertise, especially in the strategic emerging industry-related areas.　　Expert Advisory Committee members need professional intelligence and unique insights.　　The members of the Expert Advisory Committee do not have the right to vote, but their opinions will have an important impact on the Board of Auditors, regulators and market intermediaries, which will also affect the overall quality of the gem listed companies. Shang said that as of October 22 this year, 15.69 million investors opened the gem account. Among them, 24% of the accounts involved in the gem level two market transactions. Gem Market transactions active, smooth operation. He also pointed out that the launch of the gem to improve the risk compensation mechanism of venture capital funds, the venture board launched after the VC has been a great development. In Shenzhen alone, there are nearly 400 venture capital institutions and nearly 200 billion yuan.