Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Date set for investors in GEM
Adjust font size:

Investors can apply to open an account to trade stocks on the growth-enterprise market on July 15, a further step toward the introduction of the long-anticipated Nasdaq-patterned financing platform.

China's securities regulator issued the threshold for investors on Wednesday, regulating that investors who have traded stocks for more than two years need to sign an agreement with the brokerage that they are aware of risks on the new board for start-up firms.

Other investors are required to write a special notice to indicate that they are willing to undertake risks, according to a statement on the Shenzhen Stock Exchange. The rules will take effect on July 15.

High risks exist in the GEM, which is not suitable for all investors, so the brokerages must know clearly investors' identification, assets and income conditions, the China Securities Regulatory Commission said.

"I will buy shares in the growth-enterprise market as high risks can generate high returns, but the threshold for investors is too low," said an individual investor surnamed Lu, who has traded stocks for a decade.

"The regulator should restrict investors who have traded stocks for less than five years and own assets less than 1 million yuan (US$146 million) from opening an account for the new board," he said.

Companies can list on the GEM with annual net profits of at least 10 million yuan in the previous two years, or 5 million yuan for one year with sales of at least 50 million yuan.

In contrast, companies on the main board must have net profits of at least 30 million yuan in the previous three years or total sales more than 300 million yuan.

Companies on the GEM will face stricter disclosure requirements and limits on stock sales than those on the main boards.

Yao Gang, vice chairman of the CSRC, hinted earlier that the GEM would be launched after next month.

(Shanghai Daily July 3, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- GEM draft listing rules marks major step in capital market innovation
- GEM board may launch in first quarter
- Hopes that GEM will help capital-strapped SMEs
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

July 3-4 Beijing Global Think Tank Summit
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 99在线视频免费观看| 久久发布国产伦子伦精品| 男女一进一出无遮挡黄| 国产一级毛片卡| 黑人与欧洲性大战| 国产精品成人网| 99久久国产综合精品五月天喷水 | 无码人妻精品一区二区三区9厂 | 久久国产乱子伦精品在| 未满十八18禁止免费无码网站| 亚洲大香人伊一本线| 污污的视频在线免费观看| 伊人色综合久久大香| 精品亚洲成a人无码成a在线观看| 国产一区二区不卡老阿姨| 青青草在视线频久久| 国产大片线上免费看| 久久机热这里只有精品无需| 国产精品另类激情久久久免费 | 疯狂做受xxxx高潮不断| 午夜视频1000部免费看| 色一情一乱一伦麻豆| 国产亚洲精品自在久久| 韩国免费一级片| 国产性天天综合网| 成人看片黄在线观看| 国产欧美综合精品一区二区| 男女下面无遮挡一进一出| 国产精品无码一区二区三级| 77777_亚洲午夜久久多人| 国产高潮国产高潮久久久| 999福利视频| 國产一二三内射在线看片| 99久久99久久久精品久久| 在线观看国产一区亚洲bd| av无码免费永久在线观看| 天天做天天爱天天爽综合网| china成人快色| 在线观看污污网站| 97人人添人澡人人爽超碰| 国内xxxx乱子另类|