Shang Fulin emphasizes the intrinsic relationship between gem and strategic emerging industries

Absrtact: October 29, Intercontinental Shenzhen Hotel, Uppermostpart gathered. On this day, the first anniversary of the gem of the important event the inaugural Board of Experts Advisory Committee set up a conference and the gem market and strategic Emerging Industry Development seminar held in Shenzhen. The day, from the capital

October 29, Intercontinental Shenzhen Hotel, Uppermostpart gathered.

On this day, the first anniversary of the gem of the important event-the inaugural Board of Experts Advisory Committee set up a conference and gem market and strategic Emerging Industry Development seminar held in Shenzhen.

The same day, from the capital market institutions. Listed companies and other participants to the GEM Advisory Board of Experts on the list, found a group of unfamiliar names, they have to search the source of these names, and in fact, the first batch of 15 GEM Advisory Committee members are from the science and Technology, the Ministry of Science, academia and the Academy of Social Sciences recommendations. And Gem of the first anniversary of the birthday, to the Gem Advisory Committee as the opening, the next strategic emerging industry seminar, meaning far-reaching, showing the gem and new industries important links.

The chairman of the SFC, Shang Fulin, on the same day, devoted a great deal of space to the interactive nature of the gem and emerging industries, he pointed out: "The introduction of gem is the party Central Committee, the State Council from the Economic and social development of an important decision made to adapt to our country to deal with the international financial crisis, promote stable and rapid economic development of the internal requirements, It also adapts to our inner demand of speeding up the transformation of economic development mode, cultivating and developing strategic emerging industries. "It has far-reaching implications.

And just a few days before the first anniversary of the gem's upcoming birthday, "Twelve-Five planning" officially released, which the expectations of new industries have been magnified again, and as the emerging strategic industries important incubators and incubators, although this day is still controversial, but it carries a lot of emerging industry concept of companies, Still on the first year of the day showed a trend of excitement, October 29 gem index rose 2.49%.

This seems to mean that the growth of the gem this year, and its representative of the emerging industries in general, still in many disputes all the way forward, it can carry a national strategic emerging industries Revitalization of the task? Can this really be the birth of Microsoft in China? A year later, how far is the gem from the Nasdaq?

To find the answer to all this, a year seems too short, the market is still waiting.

"After the international financial crisis, emerging industries are becoming a new growth point leading the global economy." "Shang Fulin sees the importance of emerging industries as such.

Therefore, Shang Fulin repeatedly stressed the intrinsic relationship between gem and strategic emerging industries, he pointed out, "Gem is an important channel to implement national independent innovation strategy, and an important impetus to promote economic restructuring." The Gem further perfects the financing chain of innovative small and medium-sized enterprises, accelerates the industrialization of scientific and technological achievements, and plays an important role in promoting and guiding national independent Innovation Strategy. As of October 22, 130 gem listed enterprises in the High-tech enterprises reached 120, accounting for 92%. "As of October 22 this year, the vast majority of the 130 gem listed enterprises are distributed in the fields of electronic information, biomedicine, new energy, materials, energy saving and environmental protection, culture and education, and the media," he said. ”

However, he also pointed out that this positioning is still to be deepened, at present, "there are some declarations of enterprise innovation capacity is not strong, innovative features are not prominent, and the gem positioning a certain deviation of the phenomenon." In order to give full play to the role of the gem to support the innovative national strategy, the SFC issued in March this year, "on the further development of the GEM recommendation Guidelines", at this stage, the specific requirements of the sponsor organizations to recommend the strategic emerging industries in line with the national direction of enterprises, especially the new energy, Biology and new medicine and other nine major areas of enterprise. The State Council recently issued the State Council decision on speeding up the cultivation and development of strategic emerging industries, and further clarified the key directions and key areas for the development of strategic emerging industries. It is believed that with the further deepening of market orientation of the gem market, the promotion effect of gem on the cultivation and development of strategic emerging industries will be further played. The orientation of GEM also needs to develop and perfect continuously according to the development of the technology and economy and the development of China's capital market.

and positioning in strategic emerging industries, determines the growth of enterprise Board enterprises, and high growth behind the high-tech characteristics, but also decided that this part of the gem is facing high risk.

In this respect, Shang Fulin special emphasis on the growth of gem listed companies and risk, he pointed out that "growth is the characteristics of gem enterprises, from China's listed Gem Enterprises, the majority of listed companies to maintain a better growth posture, but also some of the company's performance differentiation, and some business performance even a large fluctuation." ”

Shang Fulin analysis This is determined by the characteristics of the entrepreneurial enterprise itself: "On the one hand, gem enterprises are mostly in the growth period, innovative ability, high growth, but also accompanied by the performance of instability, relatively high operating risk characteristics, as well as gem listed enterprises are generally relatively small scale, the ability to resist risk is weak, Enterprises in the industry and the growth stage is different, it is impossible to require all the gem companies have the same high-speed growth. From the market after the decline in performance of some of the gem company performance, most of it is due to competitive factors, including the rise in raw material prices, large customer income and reduce orders, macro-control and industry downturn, and so on; On the other hand, due to the complex factors affecting the industry, the start-up companies Business development and other aspects often will not smooth sailing, reflecting the operating and financial indicators are also volatile, the size of its business, profitability of the judgment need time to test and long-term observation. ”

Shang Fulin pointed out that will emphasize the gem listed company's information disclosure and the risk revelation. According to the risk of different companies to adopt different investment attitude, but also realize that the gem will appear business failure, can not think as long as the gem listed companies will be high growth.