Study On The Characteristics Of Listed Companies On GEM And The Road Of GEM Listing

The significance of paper is through the analysis of the characteristics of listed companies on China's GEM and the road of GEM listing and seeks the theory and methods of listing on the GEM, which provide a reference and basis for our innovative and high growth companies listed on the GEM. At the same time, it can improve ourselves level of both theoretical and practical expertise.We can make analogies that the south-east China Growth Enterprise Market listed companies will maintain a relatively high proportion, through studying the characteristics of the companies listed on the GEM. However, the central and western companies may compete in this round of capital to narrow the gap with the south-east. Analysis by comparing the distribution of listed companies in the industry, we can also predict the introduction of the GEM Listing of biological high-tech enterprises such as petrochemical industry, new energy, information technology, electronics and other markets will be the main force, Of course, this is also match the function of the GEM. After analysis the growth of companies listing on the GEM found that the influencing factors is more complicate can not be generalized, so the future of GEM listed companies in China's growth is also very difficult to make a concluding summary, which need to further research and analysis. By comparing the NASDAQ to the following conclusions can be drawn that China's small and medium-sized companies which listed in the United States have a significant clustering phenomenon. Formed two different types of enterprises to go listed on the pattern of domestic and foreign markets in fact. 57 listed companies in the United States, or the pioneers of new industries, or for successful business model innovation, on behalf of the nearly 10 years of China's new economy, new services, new energy, new material, New Countryside, new business model, which is the development of innovative small and medium-sized important achievement. A large number of innovative small and medium-sized markets in the United States, reflect the differences of the socio-economic development, capital market development in deep-seated between China and the United States. However, these companies to the United States is also a listing of the outstanding representative of Chinese small and medium enterprises which is as well as China's future GEM model, To study these small and medium-sized listed companies in the United States can be laid the basis for the study of the characteristics of the GEM for the future.Through the analysis of the road of GEM listing the paper can be Introduced the following comments. From the domestic capital market environment, from the progressive weakening of the law in small and medium-sized way to go for overseas listing, but also the gradual relaxation of the requirement listed and the same time the exit mechanism are gradually improving, as the result, the battlefield of the domestic enterprises listed is inclined to the domestic.In this paper, the characteristics of listed companies on China's GEM and the road of GEM listing carried out a systematic exposition and argumentation, but as a result of their own background knowledge, knowledge of the limitations, there are still many limitations and shortcomings. I will work hard in the future and further study.