| The GEM market is an important part of capital market, roll out to promote the GEM the development of small and medium-sized enterprises, to perfect the construction of capital market, broaden the risk investment channels, and speed up the construction of China's capital market has very important significance. Around the world, there are many countries overseas have released a GEM market, among them a few cases of failure. But the NASDAQ market is the model of successful global GEM, and at the same time, other countries follow suit to the object. In order to make our country growth enterprise market's future development can smooth operation, good based on the NASDAQ market as sample, in contrast, the differences between the current system GEM discussion of China's GEM system development direction has very important practical significance.This paper first introduces the background and significance of the research topic selection, and then from the gem the concept, characteristics, function and construction in our country and the necessity of the gem effect of the gem general analysis. Then combined with the NASDAQ system extremely characteristics respectively from the public system, retreat city system, trading system, supervision system and so on four aspects in the existing system with GEM made the contrast and analysis.At last this paper the combination of these two markets to the contrast analysis, separately from offering and listing system and retreat city system construction, and trading the choice of system and the regulation as well as the establishment of the system of the put forward four aspects in our country were proposed to build and perfect the system of the GEM of the specific method, make our country GEM in realizing their own function while to the largest extent of risk prevention, play the role of the resource configuration real market, so as to maintain the stability of China's capital market and orderly. |
