Siwei: Gem Three high phenomenon is not normal

Hu Liuji, former vice chairman of the NPC Standing Committee, Siwei said yesterday that the "three-high" phenomenon of the gem is not normal, it is proposed to strengthen its supervision and system construction, and proposed the establishment of market maker system.　　Siwei the above statement in the "Financial China 2010-year meeting" hosted by and pick in Beijing. Since the introduction of the gem, because of "three high", "senior management turnover" and other issues have been in the public opinion vortex.　　In this respect, Siwei said that the so-called gem high price, high price and high excess financing of the "three high" phenomenon, is not normal. "For example, high P/E is said to be an inquiry, but the process is reasonable and questionable."　　"he said. For the entrepreneurial board of frequent executives out of the phenomenon, Siwei said that it reflected three problems: first, the moral quality of senior executives, Laozhao the money to leave quickly; second, to explain the lack of confidence in the enterprise, so that any executive fled the situation, investors should be more understanding of the enterprise; Three is the enterprise rich,　　There are contradictions between the executive and the owner, because it is easy to share the wealth, but it is more difficult. But Siwei stressed that the gem is just a year old, so it can not be too demanding. On the one hand, we must strengthen the supervision, on the other hand, we should pay special attention to strengthening system construction.　　The establishment of market-maker system is one of Siwei's suggestions. "The role of market makers, first of all, is to provide a counterparty (for investors) to sell or buy when a buyer has no sellers, or if there is no buyer for the seller." "Second, the market maker's role is value discovery, because market makers are experienced institutional investors who are more objective in their assessment of these High-tech enterprises," Siwei said. In addition, because they want to participate in the transaction, so their assessment will be more objective. "We must make the gem of the child into a good child, do not let him degenerate into a bad child." "But it's not easy because the world's gem is really not a lot of success," Siwei said. ”