Gem Market is born every day Shine rich

Evening News reporter Zu Yijun reported that the gem market is about to usher in a birthday. October 30 last year, the first batch of 28 enterprises group Ming Gong listed, blink of an eye, has developed to the current 134 listed companies. Over the past year, there have been achievements, problems, understanding and criticism. Gem Market is still on the road.　　At this time, the reporter comb some quite attention gem keyword, hope to arouse more investor attention, make gem become China capital market backbone force. Mutual-win enterprises, intermediaries, common investors share capital market "gem launched over the past year, its guiding market resources more rational allocation of the role of more and more obvious, some technical content but still in the start-up period of small enterprises, the past can only use bank channels for financing, development is more difficult, now feel that financing becomes easier."　　"This year in the Gem Enterprise underwriting sponsorship business to obtain excellent" record "Ping An securities investment banking department managing director Rotenzi said.　　He said that the introduction of the gem, improve the financing environment of technology-based SMEs, enterprise restructuring after listing not only to standardize development, but also to obtain a stronger financing capacity, "the banking system for the gem listed companies to support the financing of a large number." For intermediaries and ordinary investors, the launch of the GEM has also launched a shared capital market development results of another picture. The introduction of gem not only improves the financing environment of SMEs, but also changes the competitive ecology of intermediary organizations.　　Rotenzi said that the launch of the gem led to the expansion of the total plate of investment banking in the securities industry, also for different sizes, different characteristics of the brokerage provides a richer business channels, now investment banking business is no longer a few big brokers carved up the world, small and medium-sized brokers through the SME underwriting sponsorship also got the business rapid development opportunities. Changjiang Securities related leaders also said that the introduction of the gem not only for the growth and innovation of small and medium-sized enterprises to provide an important platform for financing, support the innovation of industrial adjustment and industrial upgrading, but also for the creation of investment funds to provide a smooth exit channel, led the development of China's venture capital.　　At the same time, to provide investors with new investment channels. Build rich gem number of billionaires has been more than 500 people pioneering board rapid development and expansion of the market to create countless topics. Among them, the most fascinating, but also the most enduring one topic, is the gem to achieve how many people, how many family wealth dream? Shenzhen's latest data show that the gem has a total of 134 companies, the total market value of nearly 600 billion yuan. A year ago when the gem just opened, the total market value of 28 listed companies is 139.97 billion yuan.　　This means that the total market value of gem-listed companies has increased by more than 400% in a short span of one year. With the growth of market capitalisation of gem companies, the book Wealth of shareholders is soar. Up to now, the gem number of billionaires more than 500 people, including more than 1 billion assets of 73 people, tens of thousands of billionaires. If it is deducted from the trading day, in the past year, the gem on average daily "production" of twoBillionaires. An GEM analyst said that listing as the last link of the venture capital industry chain, will inevitably bring the rapid increase in wealth, which is the significance of the creation of the gem, is a very normal phenomenon. However, as the gem has just begun to operate, the listed companies have little and large capital demand, which leads to the phenomenon that the stock price is divorced from the real value. In a sense, gem rich are a "distorted" wealth.　　He believes that, as the future market more standardized operation, the future gem will gradually return from the noise of rationality, price and value will eventually be unified. In addition, the gem also brought a huge income for the sponsor organization. In the listing of 134 gem companies are expected to raise capital of 32.15 billion yuan, the actual fund-raising 99.24 billion yuan, raise the net capital of 92.86 billion yuan. High-level super raise for the securities dealers brought a substantial underwriting proceeds, if the lower 5% of the rate calculation, 46 brokerage fees to earn more than 3.04 billion yuan.　　Among them, ping an securities, security securities, credit securities, China Merchants Securities become a big winner.　　Dividend 28 companies total dividends 640 million last year through a rough calculation of the stock price movements of the first listed 28 companies, if they hold the 28 stocks at the close of the IPO, the current annual yield is 3.78%, and if they are held at the time of issuance, they will receive high returns. Gem bonuses are also quite generous. 2009, 28 companies total dividends of 640 million yuan, accounting for the company's total net profit of 34%. Among them, the test will 2009 72% of the net profit dividends, Shanghai Jia Hao, Lith biology, Chen, Huayi Brothers, China-yuan Huadian, the eye of the 2009, the company's net profit ratio accounted for more than 50%. The move amply confirms the commitment of many executives to the roadshow to "steadily improve the profitability of the company and bring substantial returns to shareholders." "Senior executive resignation Tide" and can not simply be equated in the gem market is about to usher in the first batch of lifting stocks, the enterprise board executives resigned to become the focus of attention of the topic, it may be hidden behind the current behavior has become a market worry.　　But according to statistics, as of mid-September, the resignation of senior executives accounted for only 2.81% of the total number of executives, the so-called "resignation tide" does not exist, careful analysis is not difficult to find, executive resignation and reduction of the set is not simple to equate. According to public information statistics, as of September 13, a total of 30 gem companies, 51 executives resigned, accounting for 1809 senior executives only 2.81%, and 12 executives resigned has been announced but the resignation of the shareholder meeting to approve, 28 senior executives for the general election, not resign.　　Among the 51 senior executives, another 35 people resigned (proposed), accounting for 1.93% of all the top executives of the gem, and only 18 directors (excluding independent directors), senior managers and other core team members resigned (proposed), accounting for 0.99% of the total number of executives in the gem. From the resignation of the Enterprise Board executivesStocks, only 17 of the 51 senior executives holding shares accounted for one-third per cent of them, and two of them were not allowed to be present on the first day of the lifting, the 7 remaining executives, and 5 from the date of separation to the initial lifting date.　　As a result, can be on the first day of the ban on the holding of the resignation of the top 5 executives, the 5 can not rule out the "suspicion" of senior officials accounted for only 0.27% of the company's top executives. "The fear of the resignation of the company's executives is magnified by the market."　　Industry experts say. "Three high" internal and external monitoring and prevention of listed companies abuse of the so-called "three High", refers to the gem issued a high price-earnings ratio, high distribution, high proportion of the raise. This is also a year to talk about the gem is frequently mentioned in the hot words. According to statistics, this year, the gem issued a price-earnings ratio of more than 65 times times, the highest up to 127 times times, the issue price is also record new highs. Compared with the gem, the company issued a P/E ratio of 35 times times the same period, the motherboard is 24 times times. The direct consequence of the high price issue is that the listed companies actually raise more funds than expected.　　As of the end of September this year, the start-up board company is expected to raise the total amount of 28.759 billion yuan, but in fact, the total number of initial fundraising is more than 55.373 billion yuan, the proportion of super raise 1.91 times times. According to the "three high" phenomenon, the head of the relevant department of the SFC said that super raise is the inevitable phenomenon in the initial stage of market reform of IPO.　　The Supervision Department will prevent the abuse of the fund from the listed companies from the system arrangement of internal control and external supervision. The second stage reform, which will be formally implemented on November 1, also aims at the "three High" system.　　For example, to increase the number of individual shares in the IPO of small and medium-sized companies, to increase the responsibility for quoting under the net, to moderately enlarge the scope of the inquiry organization, to balance the interests of the issuer and the investor, and to participate in the specific quotations of the distributors of the inquiry for public supervision. Retreat City "Quasi-retreat City Company" Camp highlights the high risk at present, in the domestic a-share of the motherboard and the board, has not established a direct delisting system, GEM delisting system by the market placed great expectations.　　Shenzhen announced the "Gem Listing Rules" show that the gem will be in accordance with the "multiple standards, direct delisting, expedited procedures," the standard to establish a delisting system. Recently, the Shenzhen stock market once again pointed out that the gem in the system construction will be "first try", including the direct withdrawal system.　　However, market participants believe that, because the specific timetable has not been introduced, the direct return of Celebratetheir rules in the second half of this year is difficult to launch, the possibility of a short period of time is not too large.　　According to the main board and overseas market experience, the performance is still the largest withdrawal of the reference scale, so some insiders said that the first direct withdrawal of the city company, there may be the most unsatisfactory performance in the 12 companies in the birth. Semi-annual reports show that in the first half of 2010 the business performance of the board fell more than 20% of the company, has reached 12, they have formed a "quasi-retreat City Company" camp, high risk in advance. PaoShares, Warburg shares, south of the power supply listed in the first three of the performance decline, net profit year-on-year decline of up to 82.07%, 76.6% and 69.79% respectively. Another NETAC technology, Internet technology and other 9 companies, net profit fell more than 20%. Post-IPO performance slump, core executive turnover, growth is questioned, become part of the "quasi-delisting company" the biggest feature.