Three months after the registration system was implemented on GEM, the characteristics of entrepreneurship and innovation of IPO enterprises on GEM were obvious

category:Finance
 Three months after the registration system was implemented on GEM, the characteristics of entrepreneurship and innovation of IPO enterprises on GEM were obvious


It has been three months since the gem reform and pilot registration system was launched on August 24. The proposal of the CPC Central Committee on the formulation of the 14th five year plan for national economic and social development and the long-term goals for the year 2035, issued a few days ago, clearly states that adhering to the core position of innovation in the overall situation of Chinas modernization drive. As an important platform to support the core strategy of national independent innovation, the gem is endorsing for entrepreneurial and innovative enterprises.

Securities Daily reporters found that, as of November 24, before the publication of the report, the data of Shenzhen Stock Exchanges GEM Listing audit information disclosure website showed that the gem registration system had accepted a total of 445 IPO applications, of which 142 had been reviewed by the Shanghai Municipal Committee. At present, 59 enterprises were approved by the Shanghai Municipal Committee meeting, 25 were submitted for registration, and 58 were registered and effective Home.

Among the 142 enterprises mentioned above, the computer, communication and other electronic equipment manufacturing industry has the largest number of enterprises, reaching 18; the special equipment manufacturing industry takes the second place with the number of 14 enterprises; the chemical raw materials and chemical products manufacturing industry and professional technical service industry are the third, with 10 enterprises distributed. In terms of registered places, Guangdong, Zhejiang and Jiangsu have the largest number of enterprises. Among them, there are 37 enterprises in Guangdong, 21 and 19 enterprises in Zhejiang and Jiangsu respectively.

The Interim Provisions of Shenzhen Stock Exchange on the application and recommendation of issuance and listing of enterprises on the growth enterprise market (hereinafter referred to as the Interim Provisions) issued on June 12 clearly states that the gem is positioned to thoroughly implement the innovation driven development strategy, adapt to the general trend of development relying more on innovation, creation and creativity, and mainly serve the growth oriented innovative and entrepreneurial enterprises, and support traditional industries, new technologies, new industries, etc New formats and models are deeply integrated.

According to the Interim Provisions, it belongs to agriculture, forestry, animal husbandry and fishery; mining industry; wine, beverage and refined tea manufacturing industry; textile industry; ferrous metal smelting and calendering processing industry; power, heat, gas and water production and supply industry; construction industry; transportation, storage and postal industry; accommodation and catering industry; In principle, enterprises in the financial industry; real estate industry; residents service, repair and other service industries are not supported to apply for listing on the gem, except for innovative and entrepreneurial enterprises deeply integrated with new technologies, new industries, new formats and new models such as the Internet, big data, cloud computing, automation, artificial intelligence and new energy.

Securities Daily reporter noted that although some of the above 142 enterprises belong to agriculture, textile industry, wine, beverage and refined tea manufacturing industry, almost all of them are deeply integrated with new technologies, new industries, new formats and new models.

The growth enterprise market under the registration system has well implemented its new positioning and provided strong support for innovation economy and traditional industries. Dong zhongyun, chief economist of AVIC securities, said in an interview with Securities Daily that from the perspective of industry distribution, the rise of Internet, big data, cloud computing, automation, artificial intelligence, new energy and other industries has not only formed their own independent industries, but also enabled and reformed the traditional industries from different angles to improve the operation efficiency of traditional industries Rate, even change its business model or product form. For the optimization and upgrading of Chinas industrial structure, we cant simply understand it as the ebb and flow between traditional industries and emerging industries. The integration and upgrading of traditional industries with the help of new technologies is also its important connotation.

The gem pilot registration system is to speed up the provision of more direct financing channels for innovation and entrepreneurship enterprises, and support the development and growth of innovation and entrepreneurship enterprises. However, the computer, communication and other electronic equipment manufacturing industry, special equipment manufacturing industry, chemical raw materials and chemical products manufacturing industry, professional technical service industry and other industries and enterprises have the characteristics of innovation and entrepreneurship, which reflects the prominent role of gem and even the capital market in serving the innovative economy Liu Xiangdong, Vice Minister of Economic Research Department of China International Economic Exchange Center, added in an interview with Securities Daily.

Dong zhongyun believes that in the future, the proportion of emerging industries in the capital market and the upgrading of traditional industries with the help of new technologies are two relatively definite directions. The former is reflected in the changes in the industrial structure of the capital market, including emerging technologies such as big data, cloud computing, Internet of things, artificial intelligence, and other digital economy concepts, such as new retail and new manufacturing. It is expected to become the mainstream of the gem, and there is still a vast space for further improvement. The latter is reflected in the obvious differentiation within the traditional industries. The listed companies in the traditional industries that actively embrace the transformation of new technologies and new models are expected to stand out. As the traditional industries still occupy a large proportion of the economy, there is a huge space for the transformation and upgrading of the traditional industries. At the same time, the changes in the internal structure of traditional industries will also make the boundary between traditional industries and emerging industries Gradually blurred.

It is worth mentioning that under the gem registration system, the reserve forces waiting for approval are also relatively sufficient. Among them, 27 enterprises have been accepted, 182 enterprises have been inquired about, and 85 enterprises have been suspended.

Among the 294 enterprises mentioned above, the computer, communication and other electronic equipment manufacturing industry had the largest number of enterprises, reaching 33; the special equipment manufacturing industry, software and information technology service industry ranked second with 26 enterprises; the chemical raw materials and chemical products manufacturing industry ranked third with 24 enterprises. In terms of registered places, Guangdong, Jiangsu and Zhejiang have the largest number of enterprises. Among them, there are 58 enterprises in Guangdong, 47 and 43 enterprises in Jiangsu and Zhejiang respectively.

Source of this article: Yang Qian, editor in charge of Securities Daily_ NF4425