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A-Shares Up, Companies Jockey To List On GEM
Chinese Growth Enterprise Market, GEM, macro
Posted by: Li Jun on Jan 29, 2008 | 17:01
Editorial Summary
The Shanghai Composite Index rose 0.87 percent to close at 4,458 on Tuesday, while the Shenzhen Composite Index increased 0.66 percent to close at 1,344.8. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB79.6 billion and RMB39.3 billion, respectively.
One hundred enterprises will be selected as the first group of companies to list on China's soon-to-be-launched Growth Enterprise Market (GEM), reports Beijing Morning Post quoting an unnamed insider. More than 300 companies are in the running to be included in the first group, said the report. Previously reports have said that the Securities Regulatory Commission (CSRC) plans to launch the GEM in the first half of 2008.
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