Investors can apply to open gem trading from July 15

-This reporter Houtienin in the industry after extensive consultation, July 1, the SFC officially issued the "GEM market investors appropriate management interim provisions", as the relevant rules, Shenzhen Stock Exchange and China Securities Association issued the "Shenzhen Stock Exchange GEM market investors appropriate management implementation measures" and　　"Gem Market Investment Risk Disclosure Book (required terms)", and since 15th this month to implement. After half a month of soliciting opinions, the "interim provisions" basically maintained the original expression, only made a specific text changes.　　The "Implementation measures" made 6 textual changes, the necessary provisions have made 12 text changes. It is understood that during the public consultation period, the SFC consulted extensively on the interim provisions and its accompanying rules by opening the mailing address and e-mail address to the market, and by convening experts and scholars and seminars for the industry.　　By June 23 deadline, through a variety of channels to receive views and suggestions from all sectors of the Community 106. China Securities Regulatory Commission, said the head of the relevant departments, the main focus on specific operations, such as: clear how institutional investors participate in the gem market, clear to the disclosure of risks and deal with the specific requirements, the establishment of a unified risk tolerance evaluation criteria. In addition, there are some comments on textual changes.　　The SFC and the relevant units have carefully studied these views, and most of them have been adopted in the form of amending the rules or incorporating follow-up arrangements. There are also individual suggestions proposed to increase the requirements of investors capital conditions, the extension of the trading experience of the requirements, as well as "the current market investors have a sense of risk, do not need to sign the risk disclosure book," And so on, for such recommendations, the Securities and Futures Commission based on the risk characteristics of the gem market has not been　　"2 years of trading experience arrangements are very reasonable, do not need to make adjustments," Shenzhen the relevant responsible person said. Reporter learned that the above suggestions for more specific operational aspects, Shenzhen Stock Exchange and China Securities registration and clearing company will be jointly issued in the near future specific operational guidelines, the guidelines will be received by the revised comments, will be on the market for a number of special circumstances can be provided by the brokerage door-to-door service or commissioned agents to sign the risk disclosure of the proposal to be clear. The above "special circumstances" will be in the guidelines to make more stringent provisions, such as the investor is older or indeed inconvenient circumstances, the securities company can provide door-to-door service, but will require the securities company to indicate the location of the signing, reasons, etc.　　For those who are not able to sign the site on the spot because of foreign circumstances, they must provide notarized and legally binding power of attorney. In addition, from the 15th of this month, the "interim measures" and the matching rules are formally implemented, which also shows that investors can deal with the opening of gem transactions related formalities. But the Securities and Futures Commission officials said that investors need not rush to immediately go through the relevant formalities, also do not have to get together, because there are many follow-up work to beTo improve, it may take about 1-2 months or so time, the next stage will have a variety of gem-related details of the release.　　At the same time, specific to each securities company when it can begin to accept, how to accept, but also to see the company's own integrated arrangements, specific business preparations, this is a "starting point, no end" of the work, so do not have to rush for a while. The Director also said that the investors ' appropriate management system in China's securities market is still a new thing, in many ways is still in the exploratory stage. China Securities Regulatory Commission will also be based on the specific implementation of the relevant system, and constantly sum up experience and improve and improve.