Shenzhen Stock Exchange: Prohibit these types of companies from listing on the GEM

On December 30, the Shenzhen Stock Exchange issued the “Interim Regulations on the Issuance and Listing Application and Recommendation of ChiNext Enterprises (Revised in 2022)”. These include, in accordance with the requirements of national industrial policies, increasing relevant industry restrictions. Explicitly prohibit industries with excess production capacity, eliminated industries in the “Industrial Structure Adjustment Guidance Catalogue”, and enterprises engaged in pre-school education, subject training, and financial services to be listed on the Growth Enterprise Market. | Related reading (The Paper)

turn things into gold

Compared with the main board market, the GEM is a trading market that provides financing channels and space for entrepreneurial enterprises that are temporarily unable to list on the main board market, which means that the conditions for listing on the GEM are more relaxed. However, in actual operation, being more relaxed may mean that there are more loopholes to exploit. We must know that the purpose of setting up the GEM is to cultivate some enterprises that are conducive to technological innovation. Facing such enterprises, listing conditions can be more relaxed, but industries with excess capacity and discipline training industries that have basically no development prospects in the past two years, Obviously not among them, this regulation just made this unspoken rule explicit.

This article is reproduced from: https://www.fortunechina.com/jingxuan/25676.htm
This site is only for collection, and the copyright belongs to the original author.