摘要
自成立以来,香港创业板发生违规的公司(尤其是民营公司)占相当比例,违规手段和种类多样化,因不受"重视"而致使一些轻微违规演变成了大案要案,上市公司保荐期满后"变脸"的情况时有发生。内地创业板运行后很有可能出现类似情况。内地创业板应该有针对性地加强监管,从建立创业板市场的监管和分离机制、上市公司监管关口和重心前移机制、上市公司及相关人员的违规行为与其利益相联系的奖惩机制、强化对保荐人和上市公司"合谋"的监管等角度完善现有的监管制度。
A large number of Hong Kong GEM firms, especially private firms, are blamed for their illegal behaviors. The characteristics of such behaviors have become more complicated and some minor misbehaviors even turn to more severe ones due to the lack of regulation. Considering that the Chinese growth-enterprise market may also confront such affairs after formally operation, it is then expected that the regulation of growth-enterprise market in China be strengthened, including the separation of regulation, connecting the misbehavior with the interests of listed firms or persons, strengthening the collusion of sponsors and the listed firms, etc.
出处
《证券市场导报》
CSSCI
北大核心
2008年第7期17-20,25,共5页
Securities Market Herald
关键词
香港创业板
创业板市场
上市公司违规
市场监管
Hong Kong GEM, growth enterprise market, illegal behavior of listed firms, regulation
