中小企业板不是创业板的必由之路

中小企业板是作为分步实施创业板的概念提出来的 ,但是中小企业板却并非创业板。目前中小企业板上市的企业除了盘子小于等于 30 0 0万 ,其他标准与主板完全没有区别 ,这类股票相比真正的创业板股票风险更小 ,其成长性也不会像真正创业板的股票那样高 ,因此 ,对风险投资的吸引力要小得多。建立多层次资本市场体系 ,可以让高科技企业等风险高的创业企业上创业板市场 ,以吸引风险投资 ;让风险低的民营企业、中小企业上中小企业板市场。因此 ,中小企业板不是创业板的必由之路。

Small-and-Medium-sized Enterprises Board Is Not the Only Way to GEM

The small-and-medium-sized enterprises board was put f orward as concepts of implementing GEM step by step, but the small-and-medium-si zed enterprises board is not GEM. Except that the stock scale is smaller or equa ls 30 million at present, small-and-medium-sized listed enterprises board has no difference at all with main board in other standards. Because of little risk an d slow growth compared with real GEM stock, the appeal to risk investment is muc h smaller. Establishing the system of multi-level capital market enables enterpr ises with high risk such as high-tech enterprise to enter the GEM to absorb risk investment, while enables the private enterprises and the small-and-medium-size d enterprises to enter the small and medium-sized enterprises board. So the smal l-and-medium-sized enterprises board is not only ways to GEM.