Law Of China 's Growth Enterprise Market Access Conditions Improve

GEM’s main function is to support and assist high-tech enterprises and highgrowth small and medium enterprises financing and rapid development, is animportant part of constructing multi-level capital market in China. Since reform andopening up, China’s rapid economic development, small and medium enterprises hasbeen developing fast, play an increasingly important role in the national economy,SMEs in the beginning, the dilemma facing the most technologically advanced andunderfunded, and in China under the background of the gem officially launched onOctober30,2009at the Shenzhen Stock Exchange. Be launched over a period of fouryears, the growth enterprise market of China has broadened direct financing channelsof SMEs in innovative, enable innovation and technology-oriented enterprises ’ abilityto innovate and develop capacities have been strengthened, and promote theoptimization and upgrading of industrial structure adjustment and the technology, tosome extent, actively promoted and contributed to the development and expansion ofinnovative high-tech SMEs.But due to my venture board market started too lately, in all aspects of lawsystems are also not perfect, especially in market of legal regulation aspects existsmany defects, also has appeared too many problems.In order to give full play to thegem market-supporting high-tech and high-growth small and medium enterprisegrowth functions, realize the benign operation of the gem market in the future, onChina’s growth enterprise market is necessary to improve the legal system, andperfecting the legal system of gem is to perfect the legal system of market accessconditions, since market access is the first barrier of gem’s "gatekeeper", the gemmarket makers to the legal system of market access should be extended to the gemstandard, perfecting the supervision system of law of the market, establishing a widerange of market access standards, implementation of strict information disclosuresystem, Market set up a certain amount of risk in the system regarding the issue ofprevention and control mechanism, strengthen the responsibilities of the sponsor andadjusting the structure of corporate governance of listed companies.Due to the GEM’sspecial role in the securities market and its incomparable advantage in corporatefinancing conditions, so how do you improve gem market legal system, particularlyimprove gem market access conditions and ultimately to safeguard the healthy andorderly development of the gem, is one of the key research areas.