Study On Growth Enterprise Board Entry Supervision System In China

This article begins with conclusion of characteristics of growth enterprise board entry supervision by analyzing typical characteristics of growth enterprise board. This followed by analyzing reasons for supervision and values of this system in the hope of laying theoretical basis for growth enterprise board entry supervision. Moreover, with comparisons between other typical systems of entry supervision and that of ours, the author discusses lessons from these typical system and refines the existing< Interim Measures on Administrative of Initial Public Offerings and Listing on Growth Enterprise Board >, to put forward advice on how to build growth enterprise board supervision in China step by step.The theoretical and practical values of this essay are emphasized in preface , the development of foreign growth enterprise board and scope of study of this paper are also discussed. The paper comprises four parts, outlined as follows:Chapter1 :value and characteristics of growth enterprise board entry supervision. Firstly this system not only helps investors to get access to authentic, comprehensive information on time but also regulates publishers' behaviors, thus the interests of investors can be safeguarded. Meanwhile, the system are capable of maintaining equality of entering and improving market allocation efficiency. Secondly, based on the characteristics of growth enterprise board, the author generalizes the characteristics of the supervision system ,namely, variation and declination of financial standard for entering., conveniences on public listing process, strictness on supervision and so on .Chapter2: Theoretical basis for growth enterprise board entry supervision. Firstly , allocation failure of growth enterprise board provides a justified reason for the growth enterprise board supervision .Secondly, according to the theory of market risk control, the establishment of supervision system can reduce the market risks in growth enterprise board. Thirdly, to the background of uneven allocation of information between investors and publishers, it's necessary to establish the mandatory information disclosure system so as to implement supervision system effectively.Chapter3: comparisons and analysis of typical growth enterprise board supervision systems. Nasdaq is characterized by the balance between resources and scales entering the market which lead us to the appreciation of how to resolve the problem of contradiction between market scalization and market risks. Another case in point is the well-known relieved standard of AIM in Britain which has drawn a large number of investors toward it, providing us a valuable lesson that the decimation of market entry standard should be cooperated by systems in related supervision .Other supervision systems, like HongKong's GEM,are also discussed to provide us guidance according to its effective interaction among oversight parties.Chapter4:The establishment of growth enterprise board entry supervision in China. The system should be firstly focused on the establishment of related laws and regulations due to civil law tradition in our country .Secondly ,the growth enterprise board supervision system can be established gradually on the base of existent .