Gem should be invested in the main business

Business News (reporter Chen Jie) facing the gem of new shares frequently to high P/E, ultra-expected distribution, resulting in the actual amount of all the gem to raise more than the original plan to raise the situation, Shenzhen Stock Exchange yesterday formally issued the "gem listed companies to standardize the operation of the Guidelines", strictly controls the gem listed companies exceed the use of fund-raising funds. According to statistics, the first batch of 10 gem companies to raise the actual amount of up to 6.676 billion yuan, far exceed the proposed amount of 2.815 billion yuan. The second batch of start-up board companies to raise the final actual amount of 4.271 billion yuan, also far exceed the original expected to raise 1.821 billion yuan.　　The third batch of 9 companies to raise, the phenomenon still exists, their overall plan to finance about 2.1 billion yuan, but the actual raise amount of up to 4.53 billion yuan.　　This kind of actual raise is more than half of the proposed amount of the phenomenon appears frequently, how to supervise the management of the gem listed companies to raise the excessive demand. "Gem listed companies to standardize the operation of the guidelines," clearly stipulates that the gem listed companies should be stored in the super funds to raise funds, and should be invested in the company's main business. At the same time, the guidelines also provided for the "Five not allowed" to raise funds.　　Including the super raise funds can not be used to carry out securities investment, entrust Financial management, derivative investment, venture capital and other high risk investment, but also can not be used to provide financial support to others. Gem listed companies should be at the latest 6 months after the collection of funds to make the use of funds to fund the plan, and submitted to the Board after the examination and timely disclosure.　　Independent directors and sponsors shall express independent opinions on the rationality and necessity of the use plan of the Fund, and disclose it with the announcement of the listed companies. In addition to the new issued guidelines on the gem to raise funds to make provisions, but also to the gem of the important personnel of the stock lock, prevent the use of funds to make provisions to protect the legitimate rights and interests of listed companies and investors.