GEM board to accept applications from Sunday

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The official launch of the the country's long-awaited Nasdaq-style board is one step closer. Chinese companies aiming to list on the Growth Enterprise Market board will be able to apply from Sunday.

Chinese companies aiming to list on the Growth Enterprise Market  board will be able to apply from Sunday.

The securities watchdog says the GEM board will focus on firms that specialize in fields like new energy, new materials, the bio-medics, I-T, and environmental protection. China first proposed the launch of the GEM board in 1998. Regulators published listing and disclosure rules earlier this year.

The new board is expected to become an important financing channel for small and medium sized enterprises.