Shenzhen Stock Exchange will roll out a growth enterprise market
as soon as possible, said Zhang Yujun, the exchange's general
manager, on Wednesday, but didn't give a timetable for its
establishment.
Shang Fulin, chairman of the China Securities Regulatory
Commission also said on the same day in Beijing that whether the
growth enterprise market can be successfully launched this year
will depend on the preparation.
China started to develop the growth enterprise market in 1999 in
Shenzhen Stock Exchange, but its launch was shelved on concerns
after the worldwide collapse of Internet and technological stocks
starting from March 2000.
"Shenzhen Stock Exchange has prepared for the growth enterprise
market for eight to nine years and the technological preparation is
almost ready," said Zhang.
Early this year, Shenzhen Stock Exchange set up a team to
promote the construction of a growth enterprise market.
Zhang said that in the process of establishing this market,
Shenzhen Stock Exchange will give priority to supporting China's
home-grown innovation strategy, the listing of high-tech companies,
the new countryside construction, the development of modern
agriculture as well as the solutions for regional imbalance.
(China Daily March 9, 2007)