Ouyang Zehua: The SME board has become the world's three

Securities Times reporter Zheng, deputy director of China Securities Regulatory Commission Ouyang Zehua said recently that in the coming period, China Securities Regulatory Commission will promote multi-level market structure, continue to expand and strengthen SME board, specific measures include: to improve the efficiency of enterprises in the small and medium-sized plate distribution, and further optimize the structure of the SME. Ouyang Zehua was held in Saturday in the "How to crack the financing of SMEs" international forum to make the above remarks. He said that capital markets played an important role in financing SMEs, and their role was gradually increasing. Since the establishment of SSE in 2004, the Shenzhen stock has already entered the three big Board of the world. As of the end of May this year, there are 273 small and medium-sized enterprises listed in Shenzhen Stock Exchange, with a total market value of 973 billion yuan, of which 205 are science and technology enterprises, and 135 companies have undertaken national projects.　　The SME has cultivated a batch of high-quality enterprises, and also played an important role in promoting the upgrading of industrial structure.　　He pointed out that the China Securities Regulatory Commission is summarizing the experience of SME board operation in recent years, to further improve the management of SME board, improve the efficiency of enterprises in the small and medium-sized plate issue, and continue to enlarge and strengthen the small and medium-sized plate market, and further optimize the SME structure, and continue to strengthen the supervision of For the market concern of the gem market construction, Ouyang Zehua said, May 1 this year, GEM listing management measures have been announced, and then the gem listing, trading, clearing, information disclosure and other aspects of the regulations will also be introduced. "The SFC has made full use of the listed resources to develop and cultivate, the introduction of the gem will provide an effective regulatory mechanism for independent and innovative enterprises, and promote a number of small and medium-sized enterprises to take a new step forward." "For many small and medium-sized enterprises that still do not reach the listed conditions, Ouyang Zehua said that the solution of such enterprises ' equity financing and stock transfer needs an effective OTC market." In 2006, the SFC initiated the pilot work of listing shares of unlisted companies into securities companies. As of the end of May this year, 55 companies have been listed.　　He said that the SFC on the basis of summing up the earlier experience, will gradually promote the qualified science and Technology Park Enterprises listed. In addition, Ouyang Zehua said that the SFC will also provide SMEs with more convenient financing. He said that in the developed countries, debt financing is the main means of financing, the 2008 U.S. corporate bond issuance is 5 times times the amount of shares issued in the same period, compared to the Chinese bond market there is still a lot of space. "The CSRC will vigorously promote the development of the exchange in this area, we will introduce a variety of securities suitable for small and medium-sized enterprises." He also called on all sides to create a better environment for the growth and development of SMEs.