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.