Shang Fulin: Gem design idea has been complete

Shang Fulin, chairman of China Securities Regulatory Commission, 1st in Shenzhen, held the "sixth session of SME financing Forum" said that speeding up the gem market construction has become a multi-level capital market construction of the important task, to accurately grasp the gem market positioning and system design, the recent preparatory work mainly in the institutional arrangements, listing resources preparation, 　　The technology base system prepares three aspects. Shang Fulin believes that the current development of the gem as the focus of the multi-level market conditions have been more mature, especially a large number of new economy, new technology, new materials and energy, as well as modern services, modern agricultural enterprises to thrive, the gem market construction put forward urgent requirements; 　　As the first step of the construction of the gem, the SME board has accumulated many beneficial experiences in the supervision, credit construction, normative operation and information disclosure for more than 3 years, which has laid a good foundation for the launch, construction and development of the gem market. In the market positioning of the gem, Shang Fulin believes that in the SME board to establish an independent gem, to implement more adaptable to entrepreneurial enterprises investment and financing needs and risk management requirements of the institutional arrangements, around the improvement of independent innovation capacity of this positioning, highlighting three key points: first, the focus on services to accelerate the transformation of economic development mode, 　　To promote the optimization and upgrading of industrial structure; the second is to focus on the coordinated development of urban and rural areas, promote the overall improvement of economic quality, and focus on services to accelerate energy conservation and ecological environment protection, and enhance sustainable development capacity. In the system design, Shang Fulin pointed out that the gem market should be based on the principle of market-oriented reform, take full advantage of the experience of overseas gem market, combined with the successful experience of China's SME board construction, in the enterprise access, issue audit, market supervision, transaction operation and delisting system, reasonable arrangement of system innovation The basic principle is: the first is to rationally determine the market entry threshold of gem; second, the listed companies of gem should embody growth, innovation and industry diversity; third, the gem market system design should adapt to the characteristics of entrepreneurial enterprises.