A test for regulators

The introduction of a growth enterprise board is an important step to develop a multi-layer stock market that can meet the fund-raising needs of various businesses.

While inviting public comments on the newly issued draft regulations, the regulators should keep in mind that the lower requirements for listing on the second board market necessitates stricter regulations to protect investors.

A vice-chairman of the China Securities Regulatory Commission assured in a recent online interview that the upcoming growth enterprise board for small start-ups to raise funds is no threat to the main stock market.