Abstract
It took 10 years’ preparation and discussion to establish China’s growth enterprise market (GEM). To cater to economic changes and market developments, China finally took the opportunity to set up its GEM in 2009, after the US subprime crisis. The establishment of the GEM was the result of the ‘boosting’ effect of the capital market on high-tech and high-growth innovative businesses, and an important measure to promote stable and fast economic development. At the same time, as a milestone in China’s multifaceted capital market development, China’s GEM is of great significance in promoting the implementation of independent innovation strategy, economic structural transformation, and in creating a multi-faceted capital market system.
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© 2015 Manhong Liu and Jipei Wang
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Liu, M., Wang, J. (2015). Development, Problems and Suggestions for China’s GEM. In: Cheng, S., Li, Z. (eds) The Chinese Stock Market Volume I. Palgrave Macmillan, London. https://doi.org/10.1057/9781137391100_6
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DOI: https://doi.org/10.1057/9781137391100_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-48287-0
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