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GEB office in pipeline, board likely to open in Oct

By Zhang Jiawei (chinadaily.com.cn)
Updated: 2009-06-11 14:33

Personnel arrangements of China's growth enterprise board (GEB) office have been mostly settled, setting the gears in motion for the opening of the GEB, which is expected around Oct 1, the Chinese National Day, cnstock.com reported Wednesday.

The office, in charge of issuance supervision of the NASDAQ-style board for start-up companies, was settled while the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange were busy preparing GEB's rules recently.

Related readings:  GEB rules to take effect on July 1, but uncertainties remain  Regulator rolls out norms for GEB investors  GEB listing regulations tweaked  GEB players mull tricky issues

Although the office has yet to be formally named, leaders have already been established, with one director and two deputy directors coming from the CSRC, cnstock.com said.

Once officially inaugurated, the office will begin accepting applications from companies aiming to go public on the GEB as early as next month, and the GEB will be ready for operation around the National Day holiday, the report said, citing investment-bankers.