Research On Evaluation Of Chinese GEM Listing Corporation Growth

October30,2009, the official launched of the Shenzhen Stock Exchange GEM market,open a new chapter in China’s capital market construction.The establishment of the GEMmarket is another important milestone in the construction of multi-level capitalmarket.Development of the GEM market, not only for improving the structure of themulti-level capital market has a crucial role, but also actively promote technological progressand innovation of science.Having been founded for more than four years, the GEM marketbroaden the financing channels for capital market，that meet the investment needs of manyinvestors and listed companies financing needs,further optimize the allocation of resourcesand a sound capital market risk investment mechanism.The overall growth performance ofGEM is extraordinarily good with the high speed market development as well as its highprice-earnings ratio, as a result of this,widespread and sustained attention to GEM from alarge number of multi-stakeholders such as investors has been received.In this context, thispaper takes samples of281companies on China’s growth companies listed on GEM beforeJanuary1,2012and with those samples empirical research on the growth of GEM in ourcountry has been done.This paper is divided into six parts,according to research status and development ofChina’s Growth Enterprise Market，combed enterprise growth theory, content and evaluationmethods.On this basis, combining the characteristics of China’s Growth Enterprise Market,using a combination of analysis and an analysis of the total amount,and construct theevaluation index system of companies listed on GEM of growth on this basis.Then, theintroduction of the factor analysis model, empirical research.According to the results ofempirical research analysis,we can draw GEM listed company’s growth is significantlylower,large differences in development indicators, risk management is poor, but has goodpotential for development.Finally, from participating in the GEM market three mainaspects,that is, from the government level, corporate level and investor level,rationalizationput forward my own proposals for their information.