First instance of GEM will start: 40 companies to wash off

Source: Internet
Author: User
Keywords Gem enterprises to the issue of supervision issued by members of the Commission Chong Guan
has accepted 149 companies to issue applications, the proposed financing amounted to 33.6 billion yuan; private enterprises accounted for more than 83% newspaper reporter Zhou Yi gem issue of the beginning of the Friday officially entered the preliminary stage.  As of Friday, the 149 officially accepted gem to be issued enterprises, there are 40 of them will step into the first instance of the meeting, the successful meeting will be the test of the issue of the trial. The total amount of money raised is only 33.6 billion yuan. The director of the China Securities Regulatory Commission Board issued Supervision Office said that as of Friday, 155 enterprises submitted to the GEM issue application, formal acceptance of 149.  Overall, compared with the 293 companies listed in the small and medium-sized Enterprises, the Enterprise Board has shown a smaller size, a small amount of the proposed volume, a small amount of financing, 149 of the total issued before the share capital, the proposed number of shares and raise funds for only 11.46 billion shares, 3.629 billion shares and 33.605 billion yuan. Gem characteristics of the initial display from the industry distribution, 149 of the accepted enterprises, manufacturing enterprises accounted for 13%, far lower than the SME board manufacturing companies accounted for 70% of the level. Other industries accounted for the ratio: electronic information industry 37%, Bio-medicine 10%, new materials 12%, modern services 9%, energy saving and environmental protection 5%, new energy 2%, cultural and educational media 2%, modern agriculture 2%, other industries 8%.  Overall, the gem features a preliminary appearance. 149 Enterprises are located in 24 provinces, districts, cities, mainly in Beijing and Yangtze River Delta, the Pearl River Delta region, accounting for 66% (98). The majority of these enterprises for private enterprises, accounted for 83%, the characteristics of corporate ownership is also relatively clear.  In addition, the state-controlled enterprises accounted for about 9%, foreign-invested enterprises accounted for about 8%. "Regulatory arbitrage" there is no space for the board to promote the audit work. July 31 formally accepted the first batch of enterprises, the same day was divided into the hands of auditors, so far, most enterprises have received feedback. "In September, the first day to accept the enterprise can receive feedback," the person in charge said, from the beginning of Friday, the SFC to receive feedback from the enterprises to be convened by the full-time Committee members and auditors to participate in the first instance of the meeting, to discuss the implementation of feedback opinions of enterprises. "If the discussion holds that feedback has been implemented, it is ready to be submitted to the Commission for review."  "In view of the initial stage of the preliminary meeting and the specific situation of enterprises, it is not yet possible to predict the number of enterprises in the first issue of the Commission, whether" centralized audit, batch distribution, but also to see the case of the preliminary examination. It is reported that the current pioneering board of the Committee members of the centralized training has been completed, follow-up research, research, discussion, audit board and other work is ongoing.  The person in charge said that judging from the preparation of the Committee members, "at present, the conditions for the development of the CRIC." In particular, the responsible person stressed that in the audit standards and audit procedures, the Enterprise Board and the main board of the issuing and auditing agencies have unobstructed communication channels, there is no "regulatory arbitrage" space, that is, two plates on the same issue of the enterprise does not exist different standards, the issuer has no opportunity to seekThe plate submittal with the condition is loose to pass. The leaders put forward the earnest expectation of the afternoon of 10th, the senior management of the SFC to talk to all the board members, and this is a central training activity before the Commission's formal induction.  During the conversation, the leaders introduced the supervision and restriction mechanism of the Enterprise Board's issuing and examining work, and to all members put forward "adhere to principles, independent audit, strengthen learning, improve level, dedication, diligence, honesty and self-discipline, good style," a series of expectations to remind all members of the objective, impartial and independent performance of good duties. The person in charge said that the question of whether a limited partner could be a shareholder is not a unique problem for the gem, and that it is currently conducting a unified study. As for the issue of the gambling agreement which is concerned by all parties, it is also a common problem, but there is no such problem in the auditing enterprises.  If the enterprise in the submission of the material deliberately conceal the gambling agreement, "will be held accountable for information disclosure of the illegal liability." "Although our audit work is ' 5 plus 2 ' and ' White plus black ', the audit procedure will not be simplified and the audit standard will not be relaxed." The official stressed that even so, strict audit supervision "can not replace the value of investors and risk management."
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