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据报GEM改革参考北交所 拟分AB两层
阿思达克 03-20 15:16
港交所(00388.HK)早前预告今年检讨GEM。据本地传媒消息指,港交所对GEM的新一轮改革已有初步构思,有意在GEM内进行分层设计,类似於北京证券交易所和全国中小企业股份转让系统,即俗称「新三板」的分层制度。不过,相关方案只属初步框架,最终推出市场的谘询方案,不排除有大幅度修改。 据悉,港交所初步提出把GEM作分层设计,分成「A」和「B」两层。「A」层的公司规模较大,并计划参考北交所的上市要求,而「B」层公司上市要求则料与现时GEM相类近。「A」和「B」两层之间参考「新三板」的升降层机制,当「B」公司的业务和市值有一定发展之後,可获晋升至「A」层。至於在「A」层的公司如果不符合特定要求,亦有可能被降回「B」层。 为了解决GEM流动性不足的问题,据悉,港交所其中一个较长远的想法是希望GEM的「A」层公司日後有望能获纳入至「互联互通」制度,让内地投资者有机会买卖部分较具规模的GEM股份,故在设计上希望「A」层公司与北交所的上市要求作对标。 港交所发言人指,目前正检讨GEM定位的工作,研究如何藉此支持香港、大湾区及其他地区中小型企业的集资需要。上市委员会已设立小组委员会负责相关事宜。发言人续表示,今次检讨是全面提升市场质素、保障投资者及为不同发展阶段的发行人提供具流动性的市场工作之一,将适时公布最新进展。
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