Comparative Study Of China And The United States System Of The GEM Listing

Since1990s, the world economy has gradually entered the era of the knowledgeeconomy. In the process of the formation and development of the knowledge-basedeconomy, the capital markets, especially in the presence and role of the GEM market, therecan be the sudden emergence of the new economy and booming. Growth EnterpriseMarket (GEM) market is an important part of the capital market is unique driving force forthe development of high-tech enterprises and the growth of SMEs, compared with the moremature GEM, GEM market or new things. This paper aims at a comparative analysis of theU.S. NASDAQ and our GEM markets regulatory system, found that the problems ofChina’s securities market supervision, come to learn from the experience and lessonslearned on the Establishment of the GEM market, China’s GEM market detours andhealthy development.