events

Milestones for the launch of China's GEB

(chinadaily.com.cn)
Updated: 2009-10-19 16:03

Time	Events
?Oct 30, 2009	?Trading on the GEB starts.?
?Oct 23, 2009	?Launching ceremony of GEB.
?Sept 17, 2009	?Seven companies entered the primary IPO review procedures.
?Aug 14, 2009	?The country's first issuance examination committee was established.
?July 26, 2009	?The CSRC started to accept applications for listing on the GEB.
?July 15, 2009	?Investors were allowed to open accounts for investing on the GEB.
?June 5, 2009	?The Shenzhen Stock Exchange issued the final version of the rules for listing on ?the GEB, which took effect on July 1, 2009.
?May 8, 2009	?The Shenzhen Stock Exchange issued draft rules for listing on the GEB and ?solicited public opinion.
?March 31, 2009	?The CSRC issued the final version of the rules of an initial public offering and ?listing on the GEB, which took effect on May 1, 2009.
?March 2008	?The CSRC issued draft rules for an initial public offering and for listing on the ?GEB and started to solicit public opinion.
?Aug 2007	?Fan Fuchun, vice-chairman of the CSRC, said the GEB will be launched as soon ?as possible. The State Council approved draft rules for listing on the GEB.
?March 2007	?The Shenzhen Stock Exchange said technical preparation for the GEB was ?ready.
?May 2004	?The Shenzhen Stock Exchange established the small and medium-sized ?enterprise (SME) board, which was seen as an important step toward the ?construction of the GEB.
?Feb 2004	?The State Council decided to establish a multi-layer capital market system and ?set up the GEB incrementally in order to finance different kinds of enterprises.
?Oct 2003	?The State Council said China would promote the construction of the GEB and ?venture capital industry.
?Nov 2002	?The Shenzhen Stock Exchange handed in a proposal to the CSRC and ?suggested the CSRC set up the GEB step-by-step.
?Nov 2001	?The Nasdaq index plunged and the bubble of technology stocks burst around the ?world. The world's main stock market fell and the launch of China's GEB was ?suspended.
?Oct 2000	?The Shenzhen Stock Exchange started soliciting opinion from the society on the ?GEB rules.
?Sept 2000	?The Shenzhen Stock Exchange stopped issuing new stocks on the main board ?and was intensely preparing for setting up the GEB.
?May 2000	?Gao Xiqing, vice-chairman of the CSRC at the time, said the second board was ?expected to be launched within the year.
?April 2000	?Zhou Xiaochuan, chairman of the CSRC at the time, said the CSRC was fully ?prepared to set up China's second board and once the law and technology were ?ready China would launch the second board as soon as possible.
?Aug 1999	?The State Council said in a report promoting the country's technology ?development that a hi-tech enterprises board would be set up at the Shanghai and ?Shenzhen stock exchanges at the right time.
?March 1999	?The CSRC said for the first time that it "was considering setting up a hi-tech ?enterprises board on the Shanghai and Shenzhen stock exchanges".
?Jan 1999	?The Shenzhen Stock Exchange handed in a proposal to the CSRC to start ?analyzing the establishment of the GEB.
?Dec 1998	?China's State Planning Commission proposed to the State Council to "analyze ?the issue of setting up a stock market for growth enterprises as soon as ?possible".
?Aug 1998	?Zhou Zhengqing, who was then chairman of the China Securities Regulatory ?Commission (CSRC), said at an inspection visit to the Shenzhen Stock ?Exchange that a hi-tech board should be formed to promote the development of ?hi-tech companies.
?March 1998	?The China Democratic National Construction Association proposed to the 9th ?National Committee of the Chinese People's Political Consultative Conference ?that the development of China's venture capital industry be strengthened. This ?was seen as the initial phase to setting up China's GEB.