.jpg)
Industry sources said some enterprises are to be arranged to quote on Share Transfer System as soon as possible on June 24 after the meeting regarding discussion of pilot Zhongguancun Agency Share Transfer System. They noted that the Share Transfer System is planned to be promoted as the “incubator” and “reservoir” of the listing sources of the multi-level capital market, and added-value services and financial supporting system for enterprises quoted on Share Transfer System are also to be improved.
The market department of China Securities Regulatory Commission, torch branch of Ministry of Science & Technology, China Securities Industry Association, Shenzhen Stock Exchange and Zhongguancun Management Committee jointly held the above-mentioned meeting. Deng Yingxiang, vice chairman of China Securities Industry Association, introduced that the pilot Zhongguangcun Agency Share Transfer System was launched in January, 2006, and has enrolled 85 companies to participate in, covering new industries such as software, biology and medicine, new materials, and culture and media.
Deng said after change the lock-up period from 3 years to 2 years, more companies will meet the requirements for quotation on the Share Transfer System.
Chen Hong, vice general manager of Shenzhen Stock Exchange, stated that the construction of Zhongguancun multimedia creative model zone especially requires the combination of technologic innovation and financial innovation and the support of the capital market. Shenzhen Stock Exchange, together with other parties, will make efforts to provide added-value services to promote the development of the Share Transfer System.
The ceremony for the setup of the “Financial service Union of the Enterprises Quoted on the Pilot Zhonguancun Agency Share Transfer system” was held at the meeting. Beijing Bank, Wuyuexin Information Technology, Bank of Communications and Century East signed the loan contract pledged by equity interests of the quoted enterprises.
