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Information Disclosure System Required for GEM Launching
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A strict disclosure system should be set up on top of various preparations for a growth enterprises market (GEM) to be launched in China, said Xu Guanhua, Minister of Science and Technology, at a press conference called by the Information Office of State Council earlier.
The said system shall be supported by a regulated management structure of corporation, according to Xu. Thus, the high-tech enterprises still have a long way to go regarding having independent directors engaged in management and set up a Salary and Audit Committee facilitating information release.
(People's Daily 05/21/2001)
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