Growth enterprise board may come 'at any moment'

China's securities regulator has required its local offices to prepare well for the growth enterprise board since it can come out at any moment.

China Business News cited an unnamed source as saying that a set of regulations related to the growth enterprise board have been shaped, including the prospectus, examination process and the system of recommenders.

President with Ping An Securities Xue Rongnian says his firm is preparing for the 10 companies to go public under the leadership of the new board.

He says in the bullish market of 2007, the price-to-earnings ratio can be as high as 30 times. Entrepreneurs don't expect such a high PE ratio now and the PE ratio for hi-tech companies and companies in traditional industries can be 15 times and 12 times respectively at most.