Gem Process speed up 26th

Our News (reporter min) gem process suddenly speed up, the SFC yesterday afternoon announced that since 26th, the SFC will accept the gem issue listing applications.　　According to the administrative license arrangement, it takes 3 months to audit an enterprise.　　The first acceptance day in Sunday, the SFC said yesterday afternoon, July 26 to accept the GEM issue listing applications, the application of the processing time is 9 to 17 points, noon do not rest. The SFC yesterday also announced two important documents after the consultation, namely the format and content specification of the Gem Prospectus and the GEM listing application document.　　One of the GEM listing application documents are not big changes in the specification, and the prospectus specification in the "Risk Factors", "business and Technology" and other aspects made changes. The sponsors who learned that the SFC will be on July 26 to accept the listing application for the gem also feel startled, because July 26 is Sunday, not a working day.　　A sponsor of a science and technology enterprise listed in Zhongguancun said, this can see the CSRC's determination to accelerate the progress, because the current GEM board has not yet been established.　　A spokesman for the SFC said that the first day of acceptance in Sunday, mainly in view of the large number of applications reported on the debut, in order to ensure the smooth application of the choice in Sunday, he also pointed out that the date of application on the day of the audit will not distinguish between the acceptance of the material.　　Before the market widely expected, the SFC will be in the gem of the establishment of the Board, that is, next month began to accept the gem issue application. In accordance with the procedures of administrative licensing, the SFC will be in t+5 days (submission of materials within five days) to decide whether to accept, t+20 days to the formal acceptance of the enterprise feedback.　　The SFC said it would take 3 months to audit a business.　　The sponsor pointed out that, from this arrangement, the SFC or the intention to let the first batch of enterprises to be released before the end of October.　　It is expected that in the early 50-100 reported in accordance with the SFC's previous mapping materials, the initial acceptance of materials, there will be 50-100 companies to submit listing applications. At present, many brokerages hold a number of entrepreneurial board projects, and even have the same sponsor in the hands of a different entrepreneurial board projects.　　In the case of the same sponsor holding multiple projects at the same time, the SFC indicated that it would take similar measures with the motherboard and would not accept any other items from the sponsor before it was published in the previous list.　　The SEC spokesman pointed out that this provision is in order to start early in the Gem, urging the sponsor organizations in accordance with the "excellent in the best" principle of the recommendation of Gem enterprises, to ensure the quality of gem listed companies, at the same time, to prevent the referral of excessive herd market risk. And for enterprises from the motherboard to the board, the SFC noted that there would be no special arrangements for admissibility and review.　　In addition, before submitting the application, the Rotary Board enterprise must first withdraw the motherboard issuance application, and then according to the relevant provisions of the gem to fulfill the board of Directors and shareholders general meeting review procedures, improve the application materials, the implementation of the GEM issue application materials declaration procedures. And for what company is suitable for the enterprise board this problem, most market participants believe that the gem should highlight the market positioning and plate characteristics, more absorption of new energy, materials, biomedicine, electronic information, environmental protection and energy saving, modern services and other fields of enterprises and other areas of special growth, as well as in technology,　　Business model innovation is stronger, the industry ranked by the high market share of enterprises listed. A spokesman for the Securities and Futures Commission said yesterday that the CSRC would pay attention.