Gem become a "creation of rich board"

Shanghai, September 20 (Xinhua) Question: Gem became "create rich board" 34 shareholders lifting the market value will be over billion yuan Xinhua news agency reporter Yang, a year to raise more than 80 billion yuan of China's "Nasdaq" seems to have become a "rich board": in the first batch of gem Company's IPO one year on the occasion,　　The growth of these small and medium enterprises is far from the eye appeal of the 34 billionaires that are about to be born. Gem quietly brewing set now "Big escape" from scratch, since the first batch of companies in last September 21 since the IPO, gem after a year of rapid growth.　　As of September 19 this year, 120 companies have successfully raised capital listed, and they from the A-share market "suck gold" total reached 84.853 billion yuan. Relative to the Agricultural Bank of China's a-share listing on the collection of funds nearly 60 billion yuan, gem companies to raise capital scale is not large, and with a-share "big Brother" Chinese oil breakthrough 1.6 trillion yuan worth, the gem "little brother" total 487.2 billion yuan of the size of the market is not outstanding.　　But in a year, 120 enterprises listed gem created by the Grand rich, become the best "selling point" of the gem, GEM has become China's capital market "create rich board."　　On the first anniversary of the debut of Shenzhen, the first batch of 28 companies to issue a huge amount of restricted shares issued before the IPO will be released on October 30. According to the relevant regulations, the listed company's controlling shareholder can not sell the shares until 36 months after the company's listing, while the other shareholders ' restricted period is 12 months.　　After only 12 months in the past, the current number of shares and stock prices, only natural investors, the first batch of 28 companies will produce 34 of the lifting of the market value of more than 100 million of the "ban billionaire." According to the latest stock price calculation, the current gem total market capitalisation of the largest music general medical, as of September 17, the market value has reached 22.7 billion yuan, its largest individual shareholder-general manager Buzhongjie holding a company stake, has been worth 3.38 billion yuan.　　And the most famous Huayi brothers in the first gem. More is a lot of 11位亿万 rich: not only the actual control of the company Wang Zhongjun, Wang Zhonglei Brothers Equity market value of total more than 3 billion yuan, even Feng Xiaogang, Jizhong and other shares of the company's well-known directors, the hands of the imminent lifting of the stock market value will also be too billion. Although the 34 of those who are closest to the billionaire are not necessarily opting to leave immediately, some of the company's executives have been eager to get their cash in, directly or indirectly, by resigning. According to incomplete statistics, this year has left its own struggle for many years the company's entrepreneurial board executives more than 40.　　Some industry experts believe that in order to circumvent the "listed company executives reduce the number of shares per year can not exceed their own holdings of 25%" limit, there may be executives want to use the "retreat" method to prepare the cash. And a Sichuan-listed company executives are "far-sighted" to say that the company has already planned to successfully complete the GEM listingAfter the retreat. "The company will retire as soon as possible, leaving the company to the children's management.　　The executive told reporters privately. Generally believed that the main shareholder's reduction will become the company stock price biggest bad factor.　　According to a survey by a large financial web site, 75.4% of respondents will not buy gem shares when executives are not bullish on the company.　　China's "Nasdaq" worries many in fact, higher than the actual value of the stock valuation, rich cash returns, uncertainty about the future market expectations, as well as the domestic inherent "Biching" of the listing model, has long been China's "Nasdaq" worries. This year, the gem still in the "sky-high price" test the first-tier market and trading market investors nerves. The 78 gem companies that have finished listing this year have a 66 times-fold average price-earnings ratio, even in the weak and strong "structural" market in Shanghai, according to the data published by the Shenzhen Stock Exchange. Xijun, vice president of the School of Finance and Finance of Renmin University of China, told reporters that the market's desire for profiteering became the main reason for the high price of the gem issue. Shanghai, a large central enterprise finance company responsible for new equity investment in the face of a year has not stopped the high price issue is said: "has been accustomed to the market in irresponsible institutions of higher prices." "In this respect, many retail investors question:" The high price issue of stocks in the day of the listing by who bought it? "Statistics show that this year's listing of the gem stock on the first day of the IPO on the average turnover rate reached 71.3%, and 41.4% of the first day of the increase to become investors keen to hype the footnote.　　Although there has been a brief "break in the market" experience, but in Xijun view, do not understand the fundamentals of the company but blindly follow the investors to become the board of higher prices issued by the buyers. But behind the manic, the actual performance of the gem has poured cold water on the investors.　　The release of the 2010 listed companies reported that the first batch of 28 gem companies, although 21 companies in the interim performance growth, but the decline of 7 companies have been off the gem Halo, including the company's shares in the performance is a plunge of 80%. Although some insiders believe that the company does not play a full role in the fund, a year is still not enough to see the growth of the gem company, but in the first batch of gem companies did not find the future economic potential bright spots, still let people some disappointment.　　After disappointment, if the gem company shareholders a large number of shares in the company, in the "Biching" to the listing, I am afraid that the future of the company's development and investor confidence, will be the gem of short-term long-term pay.　　Can the homogeneous market be the "apple" of China?　　In the past year, in addition to Huayi Brothers, Pathfinder, Flush, Oriental wealth and several other active in people's lives around the listed companies, gem companies in the eyes of investors and SME board companies have approached the "God-like image." On the other side is the gem average of each company raised 760 million yuan, on the other side of the SME board average each company raise capital 970 millionOne side is the gem 63% of the listed companies belong to the manufacturing sector, one side is 75% of the small and medium-sized enterprises belong to the manufacturing industry, simple from the number, the gem did not reflect the more different than the small and medium-sized board. A brokerage investment bank insiders told reporters, a former two years ago in the SME Board listing enterprise projects, in the gem opened the board after the turn over, is now ready for the relevant materials, is awaiting the release of the audit.　　And the reporter also found that some of the previous domestic market does not involve the advantages of the industry companies, but the first choice of landing plates.　　In May this year, the first domestic advertising-oriented listed companies-provincial-wide shares of the board, this is in line with the direction of cultural and creative industries, and by the industry and the market in pursuit of the company, why did not choose a more suitable for their identity of the gem, people some puzzled. In this regard, many senior people in the capital market believe that the gem and the same quality of SME board, become the Gem faded another major influential factors, how to solve the Chinese multi-level capital market play different roles, become a major task for the future of China's stock market.　　But at the same time, the formation of an excellent company also requires investors and capital markets to slowly wait and dig. "Does China's gem have the same success story as Apple, the Nasdaq?" In this way, the wealth effect and social effect of gem can be combined to release greater economic energy. But this is not a day's work.　　"said an IT industry analyst. See Apple's latest equity structure, with 71% per cent owned by institutional investors and mutual funds, not Apple founder and boss Steve Jobs. In the future, perhaps only after the wave of the market operation and the company's shareholding executives "in and out", China's capital market is really hope to cultivate their own "Nasdaq."