5,000 people in Tibet plan to invest in GEM

　　BEIJING, Oct. 20 (Xinhuanet) -- An estimated 5,000 people in Tibet plan to invest in China‘s Nasdaq-like Growth Enterprises Market (GEM), according to an official of the Tibet Securities Company Lhasa Branch.

　　Deng Yuanliang said that the first group of 28 companies scheduled to be listed on GEM on October 30 are promising and worth investing.

　　File photo shows Cangjue, a Tibetan stock investor, studying market quotations at a business hall of a securities company in Lhasa, capital of southwest China‘s Tibet Autonomous Region. (Photo: chinatibetnews.com)

　　He believed that the GEM will provide a new opportunity for investors. But he warned the GEM also involves high risks, so investors ought to be cautious in making investment decisions.

　　Most stock investors in Lhasa agree that the primary market of the GEM is not risky and the bidding price will unlikely fall below the issue price.

　　The average P/E ratio of the first three groups of companies to be listed is 55 times, 57.19 times, and 57.5 times, respectively.

　　To raise the risk awareness of potential GEM investors, the Tibet Securities Company Lhasa Branch will hold training courses every Wednesday and Saturday to spread the knowledge and risks of the GEM to stock investors and distribute brochures to them for free.