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Chen Dongzheng: The Entry Requirements For Gem Should Be Adjusted.

2012/3/9 8:15:00 7

SME Entrepreneurship Admittance

CPPCC National Committee member,

Director of Shenzhen Stock Exchange

Chen Dongzheng said that the entry requirements for gem listing should be adjusted and the support for innovative enterprises should be increased.

At the same time, we should reduce the listing threshold of city commercial banks and agricultural firms, and strengthen the support of small and micro enterprises and other weak economic links through the capital market.


Chen Dongzheng pointed out that the current gem issuance conditions set two sets of performance indicators: the first set of indicators is "continuous profit in the last two years, and the net profit in the last two years is not less than 10 million yuan, and sustained growth". It is recommended to abolish the requirement for continuous growth of net profit; the second set of indicators is "the profit in the latest year, and the net profit is not less than 5 million yuan. The operating income of the recent year is not less than 50 million yuan, and the operating income growth rate in the recent two years is not less than 30%". It is suggested that the specific growth rate of operating income should be abolished, and the operating income must be kept constant.


"

Gem

Listing should not be restricted to nine industries, and should be adapted to the actual development of small and medium-sized enterprises.

Chen Dongzheng suggested that the gem should release industry restrictions as soon as possible in key supporting industries, so as to enhance the industry diversity and anti risk ability of gem.


Chen Dongzheng also suggested lowering the threshold for listing of city commercial banks and agricultural firms to support the listing of city commercial banks and agricultural firms.

At present, city commercial banks and agricultural commercial banks are subject to certain resistance on the issue of listing. For example, on the scale of assets, the scale required is 70 billion yuan. The higher requirements for assets scale lead to the bank's blind pursuit of scale and the pursuit of large customers, deviating from the goal of supporting small and micro enterprises.


"It is not necessary for all city commercial banks and agricultural firms to become bigger. Most of them should be supported by the small and micro enterprises after they are supported by the capital market."

Chen Dongzheng said.


In addition, Chen Dongzheng also said that the refinancing audit of SMEs and GEM companies is expected to be put into the Shenzhen Stock Exchange to meet the "small and fast" financing needs of SMEs.


"Yes again

Financing needs

The enterprise information is controlled by the Shenzhen Stock Exchange.

Chen Dongzheng said that this is the first step in the reform of the trial system, and has basically reached a consensus. The specific time is not yet certain.

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