Gem Delisting System Only Needs "Opening Whistle"

During the two sessions this year, Chen Dongzheng, chairman of the CPPCC National Committee and director of the Shenzhen Stock Exchange, introduced.

The gem delisting system has been explored since the beginning of the growth enterprise board, but its final plan is long and unresolved. It has always been "only the stairs are heard, but no one has come down".

A leading venture capitalist organization believes that the delisting system of the gem should be introduced as soon as possible. The absence of the gem delisting system will make investment banks, gem issuers, executives and so on have some fears. To a certain extent, they will promote the over packaging and false statements of GEM companies, which will soon result in a rapid change in the performance of the company.

Now there are two hundred GEM companies, and the division of company performance is gradually emerging. The market demand for delisting system is more urgent.

Is the delisting system designed for GEM companies directly delisting?

It is reported that the proposal to retire into the third board is mainly due to the implementation of the direct delisting system, which means that the GEM listed companies will be killed by a stick and investors will lose everything.

Regarding this, Yang Ge, chief representative of Beijing, New York stock exchange, said that the United States is a typical multi-level capital market, and the phenomenon of delisting into the next market is very common. There is no harm to investors in delisting.

He believes that the system design of China's GEM companies pferring to the third board is consistent with the international practice.

There is no doubt that the gem delisting system has been given many expectations, including: once the GEM companies are delisted, the responsibility of the responsible persons is investigated; meanwhile, the "three high" phenomenon of the gem in the issue is corrected through the design of the delisting system.

The delisting system is still in the final argument, and the fast financing mechanism of GEM companies has been put on the agenda.

The so-called quick financing mechanism means improving the financing efficiency by simplifying procedures and shortening the time period.