On March 19 afternoon, hold jointly by the office of attorney of light-year of a cycle of sixty years, have trade relations, capital that join a group " march division achieve board - company of science and technology appears on the market method choice and arrange the meeting that close the door " hold in Beijing.
Department of bank of golden company investment carried out general manager Xu Shiyan to share in " division of company of science and technology is achieved board cast travel perspective contrast to analyse with what Hong Kong, United States appears on the market " , compared our market of condition foreign capital, division to achieve in detail board, advocate board, in platelet and do poineering work board wait for distinct capital market appear on the market condition, send value of estimate of guild regulations criterion, company, fluidity and IPO to distribute a case.
Point one: Gold is analysed in " certificate business follows cast make "
Xu Shiyan discussed the near future to be heated up to discuss " certificate business protects Jian + with cast make " .
Release before this " division of Shanghai stock exchange is achieved board the stock is issued with bear sell executive idea " in, a bigger reform is to want to develop certificate business adequately to be in issue bear the action in selling: Allow to protect Jian orgnaization to participate in the strategy to match carry out, new a commission of broker matching carry out, old a mandatory clause. The original intention of this one system is business letting certificate good front is done to guard a pass below capital tie the job, its walk on aggrandizement duty is carried duty.
Nevertheless Xu Shiyan expresses, bear sell business to follow join a system, in global capital market it is infrequent, only Korea has, mature capital market is done not have. This system whether had restrained overmeasure value to still remain to observe. Because a few cast had found all right a few answer measure, rise for instance bear sell cost, will make up for with the loss that projects a likelihood to bring. Because whether can be this this one system restrained,guard a pass lax be worth with appraise exorbitant remain test and verify.
Point 2: Before a few batches of divisions are achieved board appear on the market hopeful of time of enterprise examine and verify is shorter, division achieve board the spot selectives examination A of scale prep above
Opposite at advocate board / in platelet / do poineering work board admittance requirement is relatively strict, division achieve board lowered admittance threshold, with information exposure is a center, time limit of examine and verify is 6 months, among them time of bourse examine and verify 3 months, the reply asks ask time 3 months.
Be worth what carry is, before a few batches of divisions are achieved board appear on the market enjoy time bonus, hopeful of time of examine and verify is shorter. But division achieve board the spot selectives examination scale is likely prep above A.
Appear on the market in core conditional respect, division achieve board 5 appear on the market financial standard, allow not undertaking for profit appears on the market, accept red chip, the VIE, company that is the same as a different advantageous position appears on the market, but advocate board / in platelet / do poineering work board taller to company profit requirement, deficit enterprise and existence did not make up for deficit enterprise of short duration to cannot appear on the market. In addition, division achieve board adopt commercialize price pattern, proper sex requirement compares investor active A tall, than new 3 board the demand is low.
whole, division achieve board the experience that drew lessons from the mature market such as the United States, Hong Kong made those who divide administrative levels appear on the market condition, condition formerer A compare more diversification, hong Kong of standard prep above reachs American market,
