Of GEM Regulatory System Legal Research

This paper firstly introduces the positioning, features and functions of the GEM market with a brief discussion of the basic profiles;then the paper finds a theoretical basis for access control through the characteristics of regulatory, legal principles and relevant analysis of the theory of economic law; based on the observation through the main Growth Enterprise Market of the world, the paper points out the present status and existing problems in our GEM market. In the end, the author makes some suggestions about gradually improving market access control system about our market.In the introduction of the main topics, this paper describes its theoretical and practical background and value. The development process on the GEM market are briefly reviewed, and a preliminary presentation about characteristics of this study, the path and the main innovations are made in this part. Besides the introduction and conclusion, this paper is divided into four chapters, which is as follows:ChapterⅠ:Basic theory of market access control system of GEM market. Compared with the motherboard and the small plates, positioning, features and functions of GEM market all have a certain degree of specificity; Through legal analysis and transaction cost theory and the use of public interest theory, the theoretical basis of economic law on access control is observed.ChapterⅡ:The introduction of the access control system of typical overseas GEM market. The access control system is distinctive between NASDAQ market and AIM market. And Hong Kong's GEM market access in specific aspects of regulatory regime should be learned.ChapterⅢ:The status and problems of the present China GEM market. In this part, the paper turns to the issue of verification system, the sponsor access system, listing standards, and investors'access system, then summed up the current system problems.ChapterⅣ:The improvement of access control system on China's Growth Enterprise Market. Based on the current laws and rules and the actual performance of the GEM, this paper made a series of recommendations with the improvement of our growth enterprise market.