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当政府逐渐意识到发展我国高新技术产业,必须依靠风险投资的支持的时候,自然想到了创业板市场。然而此时美国 Nasdaq 市场大幅的下挫,香港“珠宝”(香港创业板市场的英文缩写是GEM)的暗淡无光,使得国内创业板市场的推出受到了阻碍,创业板的初衷是为中小高科技创业企业提供一条融资的渠道,而其实际的意义却是为风险投资公司提供一条退出的有效渠道。因此,创业板市场不能及时推出,对风险投资公司的影响不会小于对中小高科技创业企业的影响。
When the government came to realize that to develop high and new technology industries in our country, we must rely on the support of venture capital and naturally think of the GEM market. However, at this time, the Nasdaq market dropped sharply in the United States. The downturn in the Hong Kong “jewelry” (GEM of the Hong Kong GEM) made the launch of the domestic GEM obstructed. The original intention of the GEM was to small and medium- High-tech start-ups provide a financing channel, and its practical significance is to provide an effective exit for venture capital firms. Therefore, the GEM can not be launched in time, the impact of venture capital firms will not be less than the impact of small and medium high-tech start-ups.