Five factors influence the length of residence time of GEM Declaration materials

Securities Times reporter Shao to the industry reflected in the gem of the company audit time is too long, the authorities recently revealed to reporters, according to statistics, GEM Enterprise's average audit cycle of not more than more than 80 days.　　The reason is that the enterprise "queue" time is relatively long, it is related to the time of the material stay, and the time to stay mainly with the enterprise modification materials, feedback deferred response, the quality of the response is not high, the report letter verification and many other factors. According to the introduction, in accordance with the provisions of the "Securities law", the SFC issue audit period can not exceed 90 days. In the case of an enterprise, the time spent in the CSRC may be longer than the audit period when the material is declared to the SFC for final release.　　The length of residence time is generally affected by five factors. First, the central Declaration. Gem First declaration date, a total of 103 enterprises to submit materials, the sponsor organizations according to the situation of enterprises have to declare the enterprise ranking, the SFC is strictly in accordance with the order of the sponsor organization of the audit.　　As a result, the enterprise that is sorted has a longer waiting time to audit. The second is the time when the enterprise modifies the material.　　In principle, the enterprise in 10 working days to respond to feedback, but the vast majority of enterprises to provide feedback deferred response applications, some enterprises even for several months did not reply. Third, the report letter verification. Up to now, the GEM has received 203 letter of report, involving 115 enterprises, of which 188 have been completed, the rate is 92.61%, the remaining 15 letters are being processed.　　Regarding the report and the question, the Gem Department attaches great importance, does have the report (question) must have the reflection, requests the securities broker earnestly to verify, the verification time also may be longer. Four is a number of enterprises involved in investment, environmental pollution and other major issues affecting the distribution conditions, usually to seek the relevant local government and management departments of opinion, this time is also uncontrollable.　　The ministry has asked the local government for advice on whether there are any problems involving the loss of state-owned assets in the process of restructuring, which lasted 10 months before receiving a reply. In addition, a considerable number of corporate feedback implementation is not in place. or evasive, or Shini, or avoid the answer.　　In response to feedback responses to the existence of the "squeeze toothpaste" situation, the regulatory authorities have to repeatedly communicate implementation.　　Authorities said that the next step to strengthen the supervision of intermediary agencies, in the referral link from the source to improve the quality of enterprises, improve the quality of reporting materials, at the same time in the feedback of the implementation of the link to emphasize true, accurate and complete feedback, improve audit quality, improve audit efficiency. It is also understood that the withdrawal system is still in the study, the whole logic is to the gem as a pilot to drive the entire motherboard system reform. According to the relevant sources, the whole process is still repeated research, argumentation, the gem as a retreat from the market system of experimental fields, at present there is time to have space. And because the situation of the motherboard is more complicated, the historical problems are more, the system is more complex, how to properly deal with the need to study seriously.