First batch of GEM Enterprise 105

The first batch of GEM Enterprise 105 will break through the first audit committee is still vacant Lu Yuan on the Sunday first batch of enterprises to declare the gem of the 108 companies some people worry.　　Yesterday, the China Securities Regulatory Commission officially announced that the 105 companies have formally accepted the first application documents, in addition, 1 failed to meet the conditions of issuance of the initiative to withdraw the application documents, 2 have not yet submitted correction documents.　　July 26 is a historic day in China's securities market, the gem formally accepted the report of the audit materials, the same day, a total of 38 sponsoring agencies to the SFC to submit 108 enterprises to the Board of the GEM issue application documents. Over the next five working days, after review, the SFC issued rectification notices to 29 companies, 27 of which had submitted rectification documents and passed preliminary reviews before July 31.　　As of press, another 2 companies have not yet submitted rectification documents.　　As of July 31, the Securities and Futures Commission has issued to 105 companies the first and the GEM listing applications for formal acceptance of the notice, 1 companies for not meet the conditions of issuance of the initiative to withdraw the application documents.　　The SFC also further actively disclosed that, in addition to July 26 to submit the initial declaration of 108 enterprises, this week, the new 3 enterprises submitted to the GEM issue application documents. Ample liquidity and a pick-up in corporate profit growth is creating a relatively dynamic environment for the development of the securities market.　　The smooth forward of the gem will create more market highlights. The 105 companies will enter the pre-trial stage next, the sponsor said. "It takes 5 days for the best investigators to finish all the material before they can enter the trial stage," he said.　　"A senior SFC official said earlier.　　The SFC has been organizing a large number of human resources for the gem, and seconded many backbone staff from the Shenzhen Stock Exchange to participate in the audit work. But the audit heart link is still in a blank stage, because the Gem Board issue Audit Committee has not yet formed. The list of 77 candidates has been publicized on July 17 and the feedback period was closed on 24th, and no further information is available.　　A senior Securities and Futures Commission said the Board of Auditors will be formed in August.　　According to the Securities and Futures Commission of the Board of Auditors issued by the public information, the establishment of the Gem Board of the Commission process will be divided into five steps, has been completed last week outside the publicity.　　The first step in the process of formation is (the Commissioner) outside publicity, refers to the relevant associations, departments recommended by the Board of Chairman of the Commission on the list of candidates in the SFC website and designated media publicity. The next two steps are part of the SFC's work.　　The second step is to check in, the relevant departments of the Securities and Futures Commission shall verify the practice of the candidates of the board of Directors of the Commission; The third step is the qualification validation, refers to the relevant departments of the Securities and Futures Commission will compile the basic situation of the candidates and the practice of the Board of Directors of the Commission for the establishment of the Commission of Subsequent consultations with other ministries would be time-consuming and would require a new selection of candidates if they were given a negative opinion, according to senior CSRC officials.　　The fourth step in the process of the establishment of the gem is to solicit opinions, referring to the initial candidates for the Commission to be hired by the SFC to send letters to the Ministry of Finance and the Ministry of Justice respectively. The fifth step is to approve the appointment.　　The SFC will appoint a preliminary candidate for the gem to be appointed by the Chairman of the Board for deliberation. After the board of the Securities and Futures Commission starts to work on the dust, the gem will be launched. The CSRC expects the first batch of gem companies to be listed Shenzhen by the end of November in early October.