Reseach In Legal Problem Of GEM Supervision In Our Country

GEM's listing standards is lower than Main-Board Market's. GEM is a stock market that specifically provides financing services to small and medium enterprises and high-tech companies. The target companies are mainly high growth potential enterprises. The launching ceremony of GEM was held on October 23, 2009, and 28 enterprises appear on the GEM together on October 30.Throughout the world, companies listed on GEM are mostly in the initial period, small scale, small business, and have anti-risk ability, and these makes the GEM have higher risk than Main-Board Market. While there is incomplete legal system in our country, and regulatory system is not perfect, and investors'risk prevention awareness is not strong. Addition, our GEM has just launched, and lacks of practical experience. There is no idea of supervision of the relevant departments, the level of self-discipline of the market and the strength of self-protection of investors. Therefore, in order to promote GEM to have healthy and orderly development, we must improve the GEM as soon as possible in regulatory system.This paper first states basic theories of the GEM regulation and analysis of the need for GEM regulation. Then by comparison of GEM regulation and Main-Board Market, this aticle focuses on the present situation of the legal system of GEM regulation, at the same time learns GEM regulation legal system from developed countries and regions. Finally, the paper proposes comments and suggestions on GEM regulation.