GEB gets ready for fast rollout

The long-awaited Growth Enterprise Board (GEB) can be expected soon as preparation work is basically complete, an official with China's securities regulator said.

Ouyang Zehua, vice-director of the market supervision department of the China Securities Regulatory Commission (CSRC), said: "The CSRC began to solicit opinions on GEB in March 2008. Now the modification works for the draft have been finished and the preparation works on the technical system and education on investors are also ready."

According to the draft, companies that go public on GEB are required to realize no less than 100 million yuan of net profits in the past two years, or their net income and revenue in the previous year must be over 5 million yuan and 50 million yuan respectively, with over 30 percent year-on-year growth rate in the past two years.