浅谈欧美国家创业板市场兴衰对于中国创业板市场的启示

　3. AIM is an international market
　　AIM is positioned as a global GEM, the number of overseas listed companies account for about 10 percent of the total of listed companies, which situation is same as NASDAQ.AIM is positioned to cover global listed resources, to create good global market brand and to ascend its international reputation.
　　ШAnalysis approaches of the GEM in China
　　ⅰDevelopment Historyof the GEM in China
　　Figure6The development of GEM in China
　　Ⅳ Operation system of Chinese GEM & comparison
　　1.Issuing standard
　　Firstly, Chinese GEM has requirement of net profitwhich amountrequirement is stricter than overseas’. Chinese GEM has quantitative requirements on the growth of issuers and overseas GEM seldom has such rules. Secondly, the qualitative standard to issuer of Chinese GEM is clearer, in order to ensure the issuers‘ quality and to protect investors.
　　Figure 7GEM in CHINAvsBRITAIN AIM
　　 Set mode
　　Figure 8GEM set mode of overseas
　　References
　　[1]Smith J.W. Selway J.P. and McCormick. “The Nasdaq Stock Market: Historical Background and Current Operation”, NASD Working Paper, 2008.
　　James J.Angles, “How Best to Supply Liquidity to a Small-Capitalization Securities Market”, Geergetown University, 2006.
　　Schultz, P. "The Market for Market", University of Notre Dame, 2007
　　Fang Hua, "The school-enterprise cooperation to enhance our country‘s science and technology competitiveness effect analysis", "the commercial times", 2006 the 21st period