Chinese GEM Market: Theory and Practice

Author: Wan Lanying
Publisher:
Publish Date: 2006-05-01
Features: Based on drawing lessons from international GEMs (Growth Enterprises Market) and summarizing the experience of the main board, this book systematically constructs a framework around the purpose and significance of establishing China's GEM, its model and regional positioning, its issuance and underwriting, its trading, and its M&A activities. It also offers its own perspectives on the regulation of the GEM. Additionally, at the end of the book, it explores the challenges encountered in establishing China's GEM, provides a systematic analysis of its practical implementation, and offers some reflections and suggestions. The distinctive features of this book are: (1) Emphasis on systematic and theoretical construction: The book builds on objective economic and theoretical foundations. It not only focuses on traditional chronological vertical arrangements of issuance, underwriting, and trading but also incorporates M&A into the vertical system arranged in chronological order. (2) Emphasis on knowledge dissemination: Although the book is themed around China's GEM, it systematically summarizes and organizes the current system of China's A-share market, ensuring a better connection with the existing securities system and aiming to systematically promote and popularize knowledge about shareholding. (3) Emphasis on innovation: Building on lessons from international GEMs and the experience of China's main board, the book strives to propose constructive solutions to the challenges faced by China's GEM, facilitating mutual learning between the main board and the GEM, and giving the book a forward-looking and innovative perspective.