Xinhua News Agency, Beijing, March 9th (Reporters Zhao Xiaohui, Li Yunlu, Cong Feng) "Establish the Growth Enterprise Market (GEM)." In this year's government work report, Premier Wen Jiabao's brief sentence not only reassured many small and medium-sized enterprises eagerly awaiting the opportunity, but also created a stir among the delegates and committee members of the two sessions like "a stone thrown into still water causing ripples in all directions."
"A successful GEM can nurture outstanding companies like Microsoft and greatly enhance a country's scientific and technological innovation capabilities," said Representative Yi Minli, professor at Southwestern University of Finance and Economics. According to experience and lessons learned, this upcoming GEM must adhere to the principles of marketization and transparency in order to create a Chinese version of NASDAQ with its own characteristics.
(Note: The original Chinese text contains some unrelated or unclear references such as "eight bows" which are not directly related to the main content about the establishment of the Growth Enterprise Market. These have been omitted in the translation for clarity.)