第五章重点分析了创业板市场信息披露制度。
创业板退市制度是创业板市场的有机组成部分。
The Growth Enterprise Delisting System is an organic part of the GEM market.
由于我国创业板市场刚刚设立，面临很多新的挑战。
Since China's GEM has just been set up, it faces many new challenges.
创业板市场能否成功运作，保荐人的角色至关重要。
The role of Sponsors is of paramount importance to the successful operation of GEM.
经过十年的精心准备，备受关注的我国创业板市场已经推出。
The Growth Enterprise Market (GEM) of China has been established after ten years 'well preparation.
而创业板市场也会给主板市场和广大的投资者造成一定的影响。
GEM will also have some influences on the main market and investors.
创业板市场是特为支持有发展潜力的中小型企业的成长而设立的。
The growth enterprise Market (GEM) is specially designed to support the development of growth enterprises.
华诺威公司把国内创业板市场上市作为实现战略目标的首要选择。
Pavay company regards its domestic GEM listing as the primary choice of realizing its strategic objective.
第三章主要考察了美国、英国及德国创业板市场做市商的监管制度。
Chapter III mainly discusses the supervision system of market makers in GEM of us, UK and Germany.
酝酿十余年之久的创业板市场在我国终于开启，推出创业板意义重大。
For more than ten years of brewing gem market in China, and finally opened out gem is of great significance.
因此，如何有效的防范风险，将关系到未来推出的创业板市场的成功与失败。
So it will bear on success and failure of GEM for us how to effectively defend against risk .
因此，如何有效的防范风险，将关系到未来推出的创业板市场的成功与失败。
So it will bear on success and failure of GEM for us how to effectively defend against risk. Based on systematic study, the paper puts forward the corresponding countermeasures on risk prevention.
之后剖析了我国设立创业板市场的必要性和作用，从而奠定了本文的理论基础。
Then the paper analyses the necessity for China to establish its own GEM market and the role it plays, thereby forming the theoretical basis of this paper.
第三条深圳证券交易所应当制订创业板市场投资者适当性管理的具体实施办法。
Article 3 Shenzhen Stock Exchange shall formulate the specific implementation measures for the eligibility management of the GEM investors.
我国创业板市场将是以成长型高科技企业为目标的股票市场，同时属于高风险市场。
The second board stock market aims to list those growing high-tech companies, thus undertakes high risks.
但是由于我国目前种种现实的障碍，在创业板市场大范围引入做市商制度并不合适。
But because the various obstacles of China's current reality, introducing Market-making System in large-scale is not suit.
然而无论是单一的做市商制度还是竞价制度都不能满足深圳创业板市场未来的潜在需求。
But neither market-making system nor ask-bid system can meet the future potential demand of Shenzhen GEM.
证券公司可以探索使用风险投资的若干工具，在创业板市场的风险投资中发挥重要的作用。
They can also try to use some instruments of venture capital to play more important roles in NASDAQ market.
我国创业板市场引入做市商制度可以起到提高交易效率、降低市场风险维持价格稳定等作用。
Therefore, to adopt the market-maker system can improve the exchange efficiency, decrease market crisis, and stabilize the price.
世界各国和地区的创业板市场都普遍面临着市场风险、上市公司风险、投资者风险和政策风险。
The growth enterprise markets in other countries and areas face with market risk, listed company risk, investor risk and policy risk.
西班牙国家报周三报道，中国的研究与开发支出全球排名第二，已成为世界第二大创业板市场。
China has become the second largest venture market in the world, as the country's research and development expenditure 1 ranks second worldwide, Spanish newspaper el PAIS reported on Wednesday.
西班牙国家报周三报道，中国的研究与开发支出全球排名第二，已成为世界第二大创业板市场。
China has become the second largest venture market in the world, as the country's research and development expenditure1 ranks second worldwide, Spanish newspaper el PAIS reported on Wednesday.
1999年十一月，联交所推出创业板市场，向那些未有盈利记录的新兴企业提供筹集资金的途径。
In November, the SEHK launched the growth enterprise Market (GEM) which offers growth enterprises without a record of profitability an avenue to raise capital for business development.
90年代以来，在传统的证券交易所大厅之外，世界各国建起了许多个第二板市场(或称创业板市场)。
Since 90 time, in the traditional stock exchange hall outside, all the countries in the world have set up many a second market (or gem).
创业板市场的推出在中国具有深远的历史意义。文章对创业板的准入条件以及公司治理结构等问题进行了探讨。
The thesis discusses some problems such as the admittance qualification and management structure of marketing company and so on.
最后根据我国创业板市场引入做市商制度的优势与障碍，笔者就我国创业板市场引入作市商制度提出了几点建议。
Finally on the basis of the transaction systems preponderance and obstruction for adopting market maker system, we provide some proposals for the establishment market maker in GEM.
接下来第六章对我国创业板市场存在的问题及原因进行深入分析，并在第七章提出了完善我国创业板市场的对策。
Then the chapter six will conduct a in-depth analysis of the problems and causes of GEM, and the chapter seven will propose some measures of improving GEM.
其次，分析了创业投资退出机制与创业板市场开设的关系，并且介绍美国、瑞典和中国等国家的创业投资退出机制及现状。
Secondly, the relationship of VC exit mechanism and CGM was analyzed, including the introduction of VC exit mechanism in U. S. a, Sweden and China.
“提供海湾钴标志着创业板市场的承诺，不仅要增长，而且以一个负责任的商业运作，说：”艾哈迈德法拉希，总裁，创业板上市。
"The delivery of Gulf Cobalt signifies GEM's commitment not just to growth but to a responsible business operation," said Ahmed al Falahi, CEO, GEM.
“提供海湾钴标志着创业板市场的承诺，不仅要增长，而且以一个负责任的商业运作，说：”艾哈迈德法拉希，总裁，创业板上市。
"The delivery of Gulf Cobalt signifies GEM's commitment not just to growth but to a responsible business operation," said Ahmed al Falahi, CEO, GEM.
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