IT's Chinese version of mad scramble gangs NASDAQ

Wait for 10 years, 60 years after the national day, the gem finally opened.

No lion and do not worship, only SMEs expect eyes, welter but don't have a spring.

2009 (5th) China venture capital financing development forum is one of the hot spot is a theatrical gem in October.

Civil list of "show", the first batch of 105 question on board the enterprise, of which 87 are "leakage" company data show that there are about 28 companies from the IT (information technology) field, namely in Internet, software, industry information, fiber optic, electronic components, is there a three.

However, zero2ipo data show that from April to July, in 87 cases occurred in the Chinese market, VC/PE investment case, the IT industry accounted for 40 cases, traditional industry accounted for 47 cases, seen from the total amount of investment in IT industry investment amounts to $ 2.06 million, while the traditional industry investment amount reached 7.65 billion.

Look for opportunities in risk, is the opportunity for IT companies, and their fans.

Gem may not be the only solution, but it is no doubt as to their financing provides the green channel. Also, the Exchange and the Shenzhen Stock Exchange is also actively exploring dual listing, this joint is undoubtedly to the investor confidence. In other words, this is a gem of internationalization while submerged foreshadow, listing various financing, is essential for the development of small and medium enterprises. Accounting system in line with international standards, will accelerate the integration process. Secondly, the gem will also fund investment, whether renminbi, or can a PE ambitions.

However, we also should know clearly that the gem also test water still exploring, face multiple pending jiemi Bureau.

For example, is not enough to support the market at the retail level. If you can support, active trading, thus flows too quickly, causing the overvalued, append, and finally the risk risk transferred to the secondary market, lead markets, increase investment risk. In addition, domestic policy, and human factors also need to consider.

PE and VC hopes to use IPO Road exit, but the gem capital value and its financing function is able to catch up, to be flat and expected.

In other words, the IT industry has enjoyed high risk and high return on the honeymoon phase, when the introduction of the gem can become life-saving straw, also depends on the market. The reality is IT industry talent shortage, the investment project. From the investment point of view, the original past peak are exerting force in early stage, and now IT industry needs to supply, in particular in 3G good publishing, corporate positioning face adjustment, at which point it is difficult to nurture the VC's excitement, the subject, the trough the natural decline in investment.

Therefore, if you want to become the gem market in high point, fire fighters.

Relevant departments must clear gem features: listing threshold low, regulatory framework, information disclosure and traders conditions high, high investment risk. Whereas the purpose of the gem is the following four points: the growth of a company; to VI/PE find retreat; playing card money; innovation to multi-level capital market layout.

Due to the high threshold, so the Board IT enterprises in gem find nurse, said small is to replace the motherboard do, that much is to adjust the capital structure of the market.

NASDAQ's scenery, Japan, Korea, Singapore and other countries have tried gem, success is defeated, so countries explore for ten years, finally disturbedby out licensing, there are many considerations.

First, financial crisis, the transverse

Sweeping the globe, Board frustrated, wind, high-tech enterprises in particular suffer, because the latter is bound in the medium and long term performance, scale and performance aspects need to cultivate the need to support. GEM's mission is-wide into strict, that is, low-threshold accepted, strict demands, to potential shares an opportunity for financing process easier.

Second, open up the financing channels, to the wind for the whole body and back, is also consistent with preserving growth, structure, and development of policy requirements.

Thirdly, the gem of high risk, high reward, so certainly stricter supervision.

In addition to information disclosure, but also sponsors, sand, cruel pick.

However, learning the NASDAQ does not mean that the possibility of a fortress, because the former are independent, but our gem more focused subsidiary and useful supplementary role.

First of all, the Internet and mobile communication technology, the emergence of a large number of new high-tech industries, and their growing need for a suitable cradle, financing is important.

Secondly, the gem is a useful complement to the Board to regulate the market mechanisms, effective evaluation of the business assets of value, faster bonding knowledge and capital, and promote the development of the knowledge-based economy. Third, the need for targeted risk capital, the gem is an export, the ability to spread risk, promote healthy circulation, improve resource mobility and efficiency. Fourth, the establishment of the gem, reflects the Government's high-tech industry driving force, while also encouraging enterprise standard operation.

To sum up, in the winter and medium-sized enterprises, the gem will undoubtedly become a hotbed of cling.

However, the market of thermal expected still need rational boot. Because queued enterprise as long as access to brokerage services, will become the Government, banks, PE Chase concern object. As long as the investment needs, we will be able to lower earnings expansion round of private equity, attract a large number of PE, bank loans more easily, the Government will also support around. This is the gem is sizzling. However, the side effects of the global financial crisis is eating into question on board enterprise performance, growth is difficult to meet the requirements. In particular, in the fourth quarter was hotly contested military strategist, but many in counseling period the enterprise has exposed was exhausted, do not know that 1/3 of IT enterprise is ready to fight for ten years looking, could only be counterattack, October.