GEMDavid Webb, Editor of Webb-site.com, is a member of the Working Group on New Market Development of the Stock Exchange of Hong Kong. Their most recent project was the outlining of a "2nd board" for smaller and emerging companies that might not otherwise satisfy the criteria for listing (such as a 3-year track record and a certain level of profitability) on the main board. This led to a consultation paper being published. We made one of the most detailed submissions on this, and as a result of the consultation process a number of changes were made. You can read our recommendations in our submission. The net result was the Growth Enterprises Market, or GEM, which is now proceeding to launch. Updated 3-Oct-99 |