Peoples Daily commentary on unicorn landing A shares: to refuse poison horns

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 Peoples Daily commentary on unicorn landing A shares: to refuse poison horns


Wang Guan Peoples Daily (18 2018, 23 04 months) Recently, the general office of the State Council forwarded the notice of the SFC to carry out a number of opinions on issuing stocks or depository vouchers in innovative enterprises, and made systematic institutional arrangements for supporting innovative enterprises to issue and listing in China. It is generally believed that this has created conditions for the return of high quality innovation enterprises to the A stock market, and those unicorns that have not yet been listed are also a step closer to the landing of A shares. Unicorn enterprises generally refer to companies valued at more than $1 billion and with relatively short start-up time. Since this year, the enthusiasm of the unicorn enterprises has been undiminished. During the period of the two sessions of the whole country, the representatives of the representatives have been heated up. The government work report also proposed the establishment of a national financing guarantee fund to support the financing of high quality and innovative enterprises, and to expand the scope of venture investment and angel investment tax preferential policies to the whole country. The new IPO new deal comes out of the new deal, and it is clear that the pilot is aimed at a small number of new and high-tech industries, such as the national strategy, core competitiveness, high market recognition, and the Internet, large data, cloud computing, artificial intelligence, software and integrated circuits, high-end equipment manufacturing, biological medicine and other high-tech industries and strategic emerging industries. To achieve a considerable scale of innovative enterprises. In the market view, unicorn enterprises are the beneficiaries of this series of policies. To speed up the growth of more unicorns is also important for the overall development of the economy. It is not difficult to find out all kinds of unicorn list. These enterprises appear in the Internet economy, more from the cultural entertainment, education, game and other consumer services industry, the traditional industry relatively less unicorn enterprise industry distribution is a mirror, pointing to the future of economic development. At present, the relatively detailed rules of operation need to be further refined, but the policy level of risk prevention and control, planning, and step by step can be seen from the one or two. On the one hand, the pilot fully takes into account the needs of the enterprise, such as the characteristics of the high growth, high investment, and a long period of profit making for the innovative enterprises at a specific stage of development. In order to give full play to the role of the competent departments and experts and scholars in various industries and to better identify the pilot enterprises, the CSRC will also set up a Consultative Committee on the industrialization of scientific and technological innovation, taking into account the factors such as business model, development strategy and enterprise growth, and strictly according to standards and procedures. Select enterprises, strengthen prudential supervision and investor protection. It can be said that developing more financing channels for innovative enterprises is a good thing for the development of unicorn, and there are more opportunities for good enterprises. But the bottom line of the financial risk has not changed. For those companies trying to speculate on the concept of poison Koro, the regulatory authorities should keep their vigilance and keep them away from them. For the unicorn enterprise, whether it is the way to go to the overseas market or to return to the A share is becoming more and more clear, if it is not the true unicorn, the overheated investment or overvalued valuation will eventually be a meteor flashing, and fall a feather. Not so much as the A share market is opening to the unicorn enterprise, it is better to bring new opportunities for innovative enterprises that have real performance, prospects and practical development. It is foreseeable that, under the background of encouraging the innovation of the state, the financial support of the innovative enterprises will be more, with the nourishment of the financial water, and the path of their growth will be more smooth. Source: Peoples Daily - editor of the peoples Daily: Wang Fengzhi _NT2541 At present, the relatively detailed rules of operation need to be further refined, but the policy level of risk prevention and control, planning, and step by step can be seen from the one or two. On the one hand, the pilot fully takes into account the needs of the enterprise, such as the characteristics of the high growth, high investment, and a long period of profit making for the innovative enterprises at a specific stage of development. In order to give full play to the role of the competent departments and experts and scholars in various industries and to better identify the pilot enterprises, the CSRC will also set up a Consultative Committee on the industrialization of scientific and technological innovation, taking into account the factors such as business model, development strategy and enterprise growth, and strictly according to standards and procedures. Select enterprises, strengthen prudential supervision and investor protection. It can be said that developing more financing channels for innovative enterprises is a good thing for the development of unicorn, and there are more opportunities for good enterprises. But the bottom line of the financial risk has not changed. For those companies trying to speculate on the concept of poison Koro, the regulatory authorities should keep their vigilance and keep them away from them. For the unicorn enterprise, whether it is the way to go to the overseas market or to return to the A share is becoming more and more clear, if it is not the true unicorn, the overheated investment or overvalued valuation will eventually be a meteor flashing, and fall a feather. Not so much as the A share market is opening to the unicorn enterprise, it is better to bring new opportunities for innovative enterprises that have real performance, prospects and practical development. It is foreseeable that, under the background of encouraging the innovation of the state, the financial support of the innovative enterprises will be more, with the nourishment of the financial water, and the path of their growth will be more smooth.