创业板风险意识与监管对策探讨

2009年10月30日,首批28家创业板公司集中在深交所挂牌上市,标志着酝酿十年已久的创业板市场走上正轨。尽管之前监管部门多加防范,但这并没有改变创业板市场的被爆炒的命运。一方面是上市公司过高的市盈率,另一方面是大量的投资者的疯狂追随,非理性的炒作下似乎人们早已忘记创业板市场潜在的风险。创业板市场是一个高风险的市场,树立风险意识并积极探求规避这些风险的措施,以及监管部门加强对上市公司的监管对中小投资者进军创业板市场是大有裨益的。

October 30, 2009, the first 28 GEM listed company focused on the Shenzhen Stock Exchange, marking a decade long-brewing Growth Enterprise Market on the right track. Although GEM had been taken more precautions by the regulatory authorities, they did not change the fate of being in sensation. On the one hand the listed companies have high price-earnings ratio, on the other hand a large number of investors follow crazily？the market, and irrational speculation seems to have been long forgotten under the GEM potential risks. GEM is a high risk market, building awareness of risk and exploring actively the measures to avoid these risks, and the regulatory departments to strengthen supervision of listed companies on GEM will bring benefits for medium and small investors who enter the market.