Growth enterprise market, also known as the second board market, was originally established to provide financing channels and growth space for entrepreneurial enterprises, small and medium-sized enterprises, high-tech industrial enterprises and other enterprises that are temporarily unable to list on the main board. Therefore, GEM enterprises are positioned as innovative enterprises and small and medium-sized enterprises.
Companies listed on the Science and Technology Innovation Board are scientific and technological innovative enterprises that insist on facing the world's scientific and technological frontier, facing the main battlefield of the economy, facing the major needs of the country, mainly serving the national strategy, breaking through key core technologies, and being highly recognized by the market. Therefore, the positioning of science and technology innovation board enterprises is science and technology innovation enterprises.
Compared with the two, GEM covers a wider range of companies and more enterprises, covering almost the first-class industries. The average market value of GEM package is lower than that of science and technology innovation board, which is a gathering place of high-tech industries and strategic emerging industries, and is more professional and concentrated. The P/B ratio of science and technology innovation board enterprises is higher, and the P/E ratio of GEM is higher.
At the same time, as the strongest growth sector, GEM and science and technology innovation board are similar in system, both of which are registered and listed, with the price limit of 20%. At present, the corresponding Science and Technology Innovation 50 Index and Growth Enterprise Market Index on the market are high-growth indexes with high risks and high returns.
It is a very good choice to invest indirectly in GEM and science and technology innovation board market by investing in GEM and science and technology innovation board Fund. There is no absolute difference between the two funds. Investors need to choose according to their own preferences. Growth enterprise market is more balanced, and science and technology innovation board is more concentrated.