China's 2nd-board market produces new rich

来源：百度文库 编辑：神马文学网 时间：2024/04/29 12:49:12

China's 2nd-board market produces new rich

08:13, October 28, 2010      

Email | Print | Subscribe | Comments | Forum 

Increases the bookmark twitter facebook digg Google Windowslive Delicious buzz friendfeed Linkedin diigo reddit stumbleupon

China's Growth Enterprises Board, which has been called China's Nasdaq-style second board market, has become a production line for the country's new rich, Beijing News reported Tuesday.

Nearly 500 CEOs and managers have joined the 100-million-yuan ($15 million) club since their startup company's IPO was listed on the second board on the Shenzhen Stock Exchange in the past year.

Data from the Shenzhen Stock Exchange showed that through Oct 26, the number of listed companies on the second board had reached 134, with an aggregate market value of 600 billion yuan. The amount was less than 140 billion yuan when the board first opened on Oct 30, 2009.

Among the upstarts, 73 executives are worth more than one billion yuan, the report said.

Jiang Rensheng, a major shareholder of Chongqing Zhifei Biological Products Co Ltd, was ranked No1 on the second-board rich list with more than 8.7 billion yuan worth of the company's shares, the newspaper reported.

Jiang earned 300 million yuan after his company was listed just a month ago, the report said.

Analysts at Central China Securities said that it's normal if the shareholders' capital accumulates fast in a short period because listing is the last step of the venture capital business. However, they added that some company's stock prices do not yet reflect real values.

The Growth Enterprises Board is still new to the Chinese mainland, and a large amount of capital has poured into a small market, the newspaper reported.

The stock prices will reflect the real value of listed companies when the second-board market matures, the report said.

By Gao Yuan, chinadaily.com.cnRelated Reading

  • Making the right impression on society

  • 91% think new rich use govt connections

China's 2nd-board market produces new rich Risks and Rewards on China's New Stock Board China's 2nd moon probe Chang'e-2 enters earth-moon transfer orbit China’s New Foray Into Latin America China's New Colonialism | Foreign Policy China's new hope for Miss Universe New China-U.S. grand strategy proposal Why US reluctant to admit China's market economy status ? Sina claims lead in China's micro-blog market The Scary New Rich New Ways Out for China’s PE Funds China New Latin Bad Boy Replacing the U.S China's railway passenger traffic sets new daily record Review of China's Mobile Phone Market in 2008 and Outlook for 2009 The New Myth in China: China’s Rising Middle-class will accelerate democratization New York Times | A Party Girl Leads China‘s Online Revolution China PMP Industry & Market Report, 2007-2008 Volvo appoints new China head 2 scientists win China’s top honor China plans to transform from labor-rich to talent-intensive China?Warns?Gap?Between?Rich,?Poor?Is?Feeding... What‘s New in Java SE 6 Beta 2 架构师书单 2nd Edition 架构师书单 2nd Edition