【Abstract】 On behalf of the China Securities Journal reporters, the National People's Congress deputy and general manager of the Shenzhen Stock Exchange Song Liping said on the 9th that the refinancing and delisting system of the GEM was formed by the China Securities Regulatory Commission and the Shenzhen Stock Exchange. Basically completed, it will be launched soon. For the specific launch time, Song Liping repeatedly said: "It will be very soon, the specific time is not easy to say."”
China Securities Journal reporter was informed earlier that the core idea of the GEM refinancing management approach being launched is to promote the marketization of refinancing, and the market determines the refinancing quota and price of the company. At present, one of the policy recommendations with higher industry demands is that in the future, the refinancing direction of GEM companies will no longer be limited by the raised investment projects. As long as the company has capital requirements and market recognition, it can achieve refinancing through GEM.
A spokesperson for the China Securities Regulatory Commission recently said that the China Securities Regulatory Commission is studying issues related to the GEM reform. The general idea of the GEM reform is that the GEM should be positioned on the main capital market platform serving innovative and growing SMEs, and will appropriately relax financial access indicators and expand the market coverage of service industries.
At the same time, the SFC will rationally design the GEM refinancing system and launch it as soon as possible, improve the merger, acquisition and restructuring system of the GEM board, revise the information disclosure rules, and strictly implement the delisting system.