Research Of The Sponsor System In Chinese GEM

The first chapter is a description of the sponsor system in Chinese GEM. By learning from AIM of UK, National Association of Securities Dealers Automated Quotations and GEM of Hong Kong, trying to find the equities in these markets. Giving a theory upholstery by sorting out the stock issuing and listing system,.The second chapter summarizes the disciplinary actions in Growth Enterprise Market from 2011 to 2015 and points out the problem and analyzes the reasons basing on the data.The third chapter is a connecting link between the preceding and the following. In current registration system of GEM, carries out advantages and shortages of current sponsor system. This chapter is not only the distillation of preceding part but also raises the construction of sponsor system in registration system for latter parts.The forth chapter, according to real situation of GEM and features of registration system itself, giving specifics rules. This chapter has four components: requirements on sponsor system of GEM, regulatory of sponsor, the concrete goals to achieve and specific system building.The focus of this article is trying to improve the current sponsor system in the registration system of Chinese Growth Enterprise Market. Learning foreign mature experience as well as facing the deficiencies of domestic GEM, so that make its development healthier and associations more perfect.