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Information Disclosure System Required for GEM Launching

A strict disclosure system should be set up on top of various preparations for a growth enterprises market (GEM) to be launched in China, said Xu Guanhua, Minister of Science and Technology, at a press conference called by the Information Office of State Council earlier.

The said system shall be supported by a regulated management structure of corporation, according to Xu. Thus, the high-tech enterprises still have a long way to go regarding having independent directors engaged in management and set up a Salary and Audit Committee facilitating information release.

(People's Daily 05/21/2001)

In This Series

References

SZSE: GEM to Introduce Market Maker System

GEM Puts More Emphasis on the Quality of Enterprises

50 to 60 Shares to Debut on "Second Board"

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