The Shenzhen Stock Exchange Said That The Growth Rate Of The Gem Was Nearly 80% &Nbsp, Which Was Equivalent To That Of The SME Board.

On April 21st, on the financial forum of the 2010 chamber of Commerce today, Wu Yonghe, director of the Shanghai center of the Shenzhen Stock Exchange, revealed that since the opening of last year, the success rate of GEM has exceeded 78%, which is similar to that of the small and medium board 79%.

Wu Yonghe also revealed that the average time for the listing of gem is about 6 months, which is similar to that of the SME board.

According to Wu Yonghe, since the split share structure reform, small and medium-sized board enterprises have a passing rate of 79%. On average, 8 out of every 10 companies have successfully listed.

Since the launch of the gem in October last year, its success rate has exceeded 78%, equivalent to that of the small and medium-sized board.

According to the statistics of sina finance, as of April 20th, a total of 118 enterprises (including two declarations) had declared the GEM board meeting, and passed 94 audits. The pass rate was 79.7%, but not 22, and 2 of them were abolished.

It is worth noting that in March 19th, when the SFC issued guidelines for further improvement of the gem recommendation, sina finance passed the statistics before and after the issuance of the guidelines, but the rate of the gem has indeed been reduced, but the magnitude is not as great as expected in the market.

In March 19th, there were 98 enterprises on the growth enterprise market, and 79 enterprises were successful. The success rate was 19 months to April 20th 80.6%:3 and after the issuance of the guidelines, a total of 20 enterprises met, 5 were successful, but the success rate dropped to 75%, but the rate was not very large.

With the maturity of the market mechanism and the familiarity of the examination and approval process, the efficiency of Shenzhen Stock Exchange listing has been greatly improved.

He cited small and medium-sized boards as an example: "in the past, no 1 years have been basically approved, which is not the time for the approval of the SASAC."

In the past two years, the average time for the listed companies to go through the listing process has dropped to about 6 months.

The listing procedures of GEM listed companies are close to those of small and medium-sized board Companies in normal circumstances. When the growth enterprise board was opened last year, some enterprises even completed the relevant listing audit procedures in only 2 months.

Another interesting data provided by Wu Yonghe is that the annual maintenance costs (including information disclosure fees and other expenses) of the listed companies in Shenzhen stock market are in the early 1 million, and the advertising benefits generated by the listed companies, such as reports and announcements, are over 50 million.

According to Wu Yonghe, the Shenzhen Stock Exchange will further improve the agency's share pfer system, that is, the new three board market. According to its introduction, as of now, 4 enterprises have successfully pferred to the board.