Research On Market-access Conditions Of Growth Enterprise Market In China

This thesis is about the legal requisites of entering the GEM(Growth Enterprise Market), summarize our country take legislative foundation of practice of piece about GEM market access, use the legislative experience of second board markets of other countries and area of the world (mainly Nasdaq market and Hong Kong GEM) for reference, have put forward some one's own views, and has discussed in detail respectively. The key point of the thesis is: On the premise of adhering to principle of "low threshold", the legislation of GEM's market access of our country should not merely absorb the advanced legislative experience of second board market in other countries, need to combine the economic development of our country and real national conditions of the security market even more. The view of the author is explained one's own view with three chapter of contents :First chapter, It is a foreshadowing part of this text, include two mainly, section one is a summary of market for the second board on the country's stock, have introduced the definition, function, characteristic ,orientation and the practical meaning of development of the second board to our country; Section two summarized the development and legislative evolution in our country of market for the second board on the country's stock.Second chapter explain the legislative value of GEM's market access system, discuss the important value of justice and efficiency in GEM market access system, analyse in addition that has proved the legislative principle that the market for the second board on the country's stock of our country legislates and should be followed—Principle of "low ration guideline ,high quality guideline ".The third chapter is a key part of the article, from five respects separately (Listing Target, manage foundation, capital stock total value, information disclosure, independent director), explain my GEM legislative idea on market access of system.