Study on the Investment Strategies of China’s Growth Enterprise Market

碩士 === 元智大學 === 管理碩士在職專班 === 100 === Small businesses in China are unable to adapt to the rapid development of the high-tech industry and have the financial channels required for technological innovations because of their obvious long-term funding conflicts. This problem has restricted the developme...

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Bibliographic Details
Main Authors: CHEN-HUI Hung, 洪 千 惠
Other Authors: 丘邦翰
Format: Others
Language:zh-TW
Online Access:http://ndltd.ncl.edu.tw/handle/38679836583283886433
Description
Summary:碩士 === 元智大學 === 管理碩士在職專班 === 100 === Small businesses in China are unable to adapt to the rapid development of the high-tech industry and have the financial channels required for technological innovations because of their obvious long-term funding conflicts. This problem has restricted the development of Chinese high-tech industries and hindered China’s high-tech implementation strategy. This was only resolved after China launched the Growth Enterprise Market (GEM). GEM provides a channel for rapid returns on Chinese venture capital fund investments, contributes to the ventral capital institutions’ willingness to invest, and provides an ideal ground for high-risk and high-reward pursuits by the speculative capital. However, for the majority of investors, especially those without capital and information advantage, GEM is a new investment opportunity with an enormous risk. This study conducts a case-by-case analysis on the investment strategy for China’s GEM. Data were collected through multiple sources from various database links and queries. The analysis results showed high feasibility because the data sources were combined with actual practices. This study explored the market characteristics and the financing function of the GEM, the procedures for corporations to become listed, the main risks of the regulatory system, the investment principles, the analysis methods, and the investment strategies. This study is designed to assist GEM investors in understanding investment methods and techniques; to gain more knowledge of GEM; to properly prepare; to construct their own investment systems; to develop a stock selection and risk control model using their abilities; to develop an investment approach to purchase high-quality stocks at low prices; and to create profit maximization by avoiding risks, reducing losses, and have a solid investment in the GEM.