The gem is not allowed to return to the market system has been reported to the SFC

Chen Dongzheng, chairman of Shenzhen stock market, revealed at the opening ceremony of the Symposium on "Multi-level capital markets construction and investor rights protection".　　Zhou, Vice general manager of Shenzhen stock market, pointed out in another occasion, in particular, to the SME board, the gem, the use of insider news hype, manipulation of markets and other actions to increase supervision, found that illegal violations should be strictly investigated. This report "The current GEM direct delisting system has been reported to the SFC."　　Chen Dongzheng, chairman of the Shenzhen Stock Association, revealed yesterday. Chen's levy was made at the opening ceremony of the "multi-level capital market construction and investor Rights Protection Seminar" organised by Shenzhen and the China Law Society Securities Law Society. Congjiu, assistant chairman of the SFC, attended the meeting.　　The meeting focused on the security market investors to protect the judicial relief mechanism, the gem directly withdraw the investor rights and interests protection, the security market innovation business investor rights and interests protection and multi-level capital market construction of the law and other issues, the experts launched a lively discussion. Chen Dongzheng said that the listed companies have played a positive role since the implementation of the system, but there is a problem, under the current system, it is difficult for listed companies to retire. Data show that since 2004, the two cities have been listed companies only 31, the average rate of return less than 1% per year.　　He believes that the gem is now a good momentum, but small scale, high risk, if completely copy the motherboard system may have some problems. He said that the gem directly withdrew the market system, fundamentally strengthened the majority of small and medium investors protection of rights and interests. He described the gem listed companies to return directly to the city, but also a rapid retreat, will not be as the motherboard as many warnings beforehand.　　At the same time, in order to protect investors ' rights and interests, we should strengthen the information disclosure of gem listed companies, and consider giving 20 trading days before delisting. Chen Dongzheng stressed that the gem is not allowed to borrow shells, to eliminate the risk of backdoor speculation to investors, because it is characterized by outflows, in the principle of the establishment of a direct delisting mechanism, from the big side is the fundamental protection of investor rights and interests.　　In addition, he said, the judicial relief is to focus on the individual direct withdrawal of the company's investors rights and interests protection, especially because the actual control, the company executives of the direct withdrawal caused by the illegal, should be to its investors to implement judicial relief. Chen Dong Levy hope that all parties to the market can brainstorm, for the gem to develop a practical exit system for the long-term development of the gem lay a solid foundation for further improvement of the motherboard system played a positive role in exploring.　　Tatsu, Vice general manager of Shenzhen Stock Exchange, Zhou yesterday at the high-end symposium on the five-year news index and the first report of the high quality listed company's award ceremony, in particular, in the near future to the board, the gem in the supervision of the use of insider information, speculation, manipulation of the market and other actions to increase supervision, found that illegal violations should be strictly investigated. With the launch of the Gem last year, Shenzhen capital market has made a major breakthrough, forming a motherboard, SME board, GEM, including the transfer of the agent systemStructure of the level capital market.　　By May 6 this year, 962 of the listed companies in the Shenzhen Stock Exchange had a market capitalisation of more than 6 trillion. Zhou said that after the start of the gem, the development momentum is very good, now 78 of listed enterprises, half of the enterprises are the government is very supportive of the emerging strategic industries, and the market is also relatively smooth operation, these enterprises are very good growth. In fact, the annual report of the SME board and the gem, including the Quarterly Bulletin of this year, shows the strength of these two plates.　　Last year, the net income growth of 7.59%, gem average operating income net profit is 47.4%, are higher than the motherboard. He stressed that in the see the SME board, the gem of these listed companies healthy growth, high growth side, but also to fully understand the characteristics of these enterprises, to recognize the industry characteristics of these enterprises, to its development in some of the risks and uncertainties have a full understanding.　　Institutional investors should be reasonably valued and reasonably priced in the first-tier market, while the vast majority of investors in the two market should invest rationally and prudently. Zhou said that the future Shenzhen will be under the leadership and deployment of the SFC to further promote the healthy development of multi-level market. This year to continue to do excellent strong motherboard, accelerate the promotion of SME board construction. He said: "SME board we still have a point, is to optimize the structure of small and medium-sized plates, we want to expand some financial listed companies in the role of the plate." In the gem, we still have to make full and rapid development to ensure smooth operation. Zhou said, strict supervision is always the Shenzhen stock Exchange to promote multi-level market construction in the important concept, in this regard Shenzhen continue to adhere to the concept of strict supervision. In particular, in the near future to the board, the gem in the supervision of the use of insider information, speculation, manipulation of the market and other actions to increase supervision, found that illegal violations should be strictly investigated. The Shenzhen stock market should make the multi-level markets better, make full use of the function of the capital market, promote the transformation of the mode of economic development and gradually optimize the industry, and contribute more to the development of China's economy and the future of the capital market.