Gem will be extended to the second half of the year to launch the relevant trading rules will be announced

"Now must launch the gem as soon as possible," Wang repeatedly stressed. "Some people do not even have a girlfriend, they worry about the future of the wife Dystocia, too much concern." While the child is already in the belly, parents don't worry too much, born to say again. It is no use to stand outside the maternity ward all day worrying about Dystocia. ”

Shenzhen Mayor Xu said it is expected to launch the official year. and has been calling for the launch of the gem as soon as possible the Shenzhen Venture Capital Association secretary-General Wang, a change in the June launch of the business board, said tactfully, "Gem this year out is inevitable, which time out is accidental." From the first half of the launch to this year, the change of tone is not small.

And the expression of venture investment organization is more direct. Techventures, president of Chen said, the gem launched June before the basic difficult to achieve, it is estimated that the earliest Olympic Games can be issued. Shen, founder and partner of Sequoia Capital China fund in Boao, said the gem was unlikely to be launched in the first half of the year, with venture capital raising funds for the gem.

Less likely to launch in the first half

Compared to three months ago, the SFC chairman Shang Fulin said "will speed up the launch of the Gem, for the first half of this year," when the industry cheered, now we have a point of worry.

As a long-term focus on the gem industry veteran, Shenzhen Venture Capital Association Secretary-General Wang said, "Gem this year out is inevitable, which time out is accidental." "In communication with reporters, Wang just repeatedly stressed this year out on the line," the first half of the launch and no optimistic answer.

Some members of the industry have openly inquired about the Chen Bridge, deputy general manager of Shenzhen Stock, who has made important speeches on the gem. Chenhong said that gem issued in March, for comments have been completed, and now for feedback further changes, after the revision of the release of the gem issued formal draft, and the gem trading rules are about to be announced, should say that all aspects are in the grasp of the pioneering board technology preparations. Venture investment to select a number of innovative enterprises, based on the long-term, good quality, and grasp the cultivation of reserve resources and screening.

It is understood that the launch of the GEM needs a series of policy matching, and the introduction of these supporting measures also need a certain period of time. There are also a number of different views.

"Estimated to be the earliest after the Olympics."

Shenzhen's low-key let some of the participating institutions feel less likely to launch the first half of the year. Venture capital agencies said that the launch of the time we can not do the Lord, but now the entire investment managers in Shenzhen are very pragmatic in all over the country to inspect the project, the preparation of the preparatory work done.

Techventures President Chen said that the gem launched June before the basic difficult to achieve, it is estimated that the earliest Olympic Games can be issued after, but he did not further elaborate.

Shen, founder and partner of Sequoia Capital China Fund, said that the recent collapse of a A-share market, if introduced at this time, will make the market more volatile, which will delay the launch of the gem.

"I have two worries about the gem," said Zhu, chairman of Cybernaut China Investment. "First, the transparency of the monitoring is more worried, hope can be fair and reasonable to go up." Second, the gem into a small board has great concern. If say 5 million can go up, a little afraid.

Former vice chairman of the NPC Standing Committee Cheng also said that in the launch of the gem, we should pay attention to two problems: first, there must be a certain threshold and conditions to prevent cohabitation; second, attention can not "swarm".

It is understood that the current gem of the relevant preparatory work is steadily advancing. The China Securities Regulatory Commission said at the weekend that it was working on a special regulation on GEM trading, which involved raising investors ' participation in the threshold of the transaction, controlling the first day of the IPO, intensifying the suspension mechanism of stock price anomalies, and enhancing the transparency of post transaction information.

The industry is still keen to launch the gem as soon as possible

However, from the recent reporter and the industry in close contact with major institutions, the relevant parties mostly believe that the gem should be launched as soon as possible. Cheng said, now the launch of the gem is ripe, should seize the opportunity to launch quickly. According to the institutional economics principle of "trading before the system", he said, it is impossible for us to trade after the system is fully perfected, and to improve the system continuously in the process of trading.

The vice chairman of the CPPCC and the Minister of Science and Technology, Wan gang, also stated that the Ministry of Science and Technology supports the launch of the gem as soon as possible, creating a financing platform for independent and innovative enterprises and widening channels for the exit of venture capital According to the disclosure, the Ministry of Science and Technology with the relevant departments to organize the implementation of science and technology finance special action to encourage and guide enterprises through the domestic capital market financing. Wan also said that in the design of the gem system, enterprises involved in venture capital should be given policy incentives.

and 10 years ago, China began to prepare for the launch of the Gem, in the "labor" as a result of the 2001 dotcom bubble burst and other reasons were shelved. Until 2003, vice governor of Guangdong province Hai at the ten National People's Congress at a meeting to submit the "on the early launch of the gem Market," a year after the Shenzhen SME board opened, the topic of gem was again widely mentioned.