GEM board attracts more investors

The Chinese Securities Regulatory Commission today reviewed seven companies aspiring to be listed on the country's Growth Enterprise Market Board. Investors are keen to capitalize on the NASDAQ-style board but some are wary of the potential risks.

Earlier this morning, investors scrambled at a securities company's outlet in Beijing to open accounts in the new GEM Board. Staff say the surge of enthusiasm has been building for some time.

Dai Jun, Manager of Dongxing Securities, said, "As the CSRC's reviewing meeting board started and companies released their listing plans, our branch saw growing number of investors to open accounts in the GEM board."

Some branches even stopped other business temporarily to cope with the soaring GEM accounts. They also extended business hours to six o'clock in the evening.

Investor said,"I think the government will back the growth board, and won't let it collapse. The growth board has existed in foreign countries for many years."