Regulator rolls out norms for GEB investors

Prospective investors in the country's to-be launched NASDAQ-style growth enterprise board (GEB) are required to have at least two years of share trading experience, the securities watchdog said yesterday.

The China Securities Regulatory Commission (CSRC), Shenzhen Stock Exchange and the Securities Association of China yesterday jointly released the draft regulations for investors on the second board and will solicit public opinion on it by June 23.

"Investors with over two years of share trading experience can have a better understanding about the risks, as they have experienced the bull market in 2007 and have become more rational in the sluggish capital market," said an official with the Shenzhen Stock Exchange, who declined to be named.