香港创业板公司违规特征及市场监管对策  

The Illegal Behaviors of Hong Kong GEM Firms:Features andR egulations

作　　者：何基报[1] 刘钊[1] 

机构地区：[1]深圳证券交易所综合研究所,广东深圳518028

出　　处：《证券市场导报》2008年第7期17-20,25,共5页Securities Market Herald

摘　　要：自成立以来,香港创业板发生违规的公司(尤其是民营公司)占相当比例,违规手段和种类多样化,因不受"重视"而致使一些轻微违规演变成了大案要案,上市公司保荐期满后"变脸"的情况时有发生。内地创业板运行后很有可能出现类似情况。内地创业板应该有针对性地加强监管,从建立创业板市场的监管和分离机制、上市公司监管关口和重心前移机制、上市公司及相关人员的违规行为与其利益相联系的奖惩机制、强化对保荐人和上市公司"合谋"的监管等角度完善现有的监管制度。A large number of Hong Kong GEM firms, especially private firms, are blamed for their illegal behaviors. The characteristics of such behaviors have become more complicated and some minor misbehaviors even turn to more severe ones due to the lack of regulation. Considering that the Chinese growth-enterprise market may also confront such affairs after formally operation, it is then expected that the regulation of growth-enterprise market in China be strengthened, including the separation of regulation, connecting the misbehavior with the interests of listed firms or persons, strengthening the collusion of sponsors and the listed firms, etc.

关 键 词：香港创业板 创业板市场 上市公司违规 市场监管 

分 类 号：F830.9[经济管理—金融学]