三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China sets up IPO review committee for GEM

(Xinhua)
Updated: 2009-08-14 21:06

BEIJING: China's securities regulator set up an initial public offering (IPO) review committee Friday for its Growth Enterprise Market (GEM) which is expected to accept IPOs in late October.

Related readings:  Shares of CSCEC jump 56.22% on debut  Giant Chinese IPO soars as trading starts  Xugong nodded for IPO  China starts accepting GEM application  GEM draft listing rules marks step in capital market

The committee, consisting of 35 members, might start reviewing IPO applications in September, said an official with the China Securities Regulatory Commission (CSRC), who declined to be named.

Apart from 23 full-time members, the committee also has 12 part-time members. The experts are from the CSRC, Shanghai Stock Exchange, Shenzhen Stock Exchange, law offices, accountant offices as well as asset evaluation agencies.

The GEM IPO review committee is independent from the main board. That means the committee members are not allowed to take any positions with the main board approval committees.

The CSRC started to accept applications of the GEM on July 26 and has accepted 115 applications for IPOs on the GEM. The commission was working hard to speed up the GEM IPO procedures, said the CSRC official.

The securities regulator said earlier the GEM would focus on six sectors this year, such as new energy, new materials, bio-pharmaceuticals, pro-environmental, new service and information technology.