newspaper reporter Zhang Xinpei from the bottom the Huian

to go. .
in his eyes, Qiu is more than 60 years of age, some thin kind elderly, but full of spirit. However, since last year, the kindly old people began to use crutches had. He speculated, may be broke his leg.
in Hoi An, it seems that no one I do not know the Khoo family, no one I do not know their business Guizhen Church. However, here people do not know, Guizhen Church at this time is in the focus of national public opinion.
February 1, 2009, the SFC announced the IPO to declare the basic information table, Guizhen Tang impressively, the project is the implementation of feedback. Calm year-old Guizhen Church controversy once again been set off. Early as last year, Guizhen Church because it was the sniper of the animal protection organization, suspension of listing.
news just out, and immediately met with the outside world public opinion strongly condemned. Animal protection organizations, charitable foundations, celebrities, the public have said resolutely resist Guizhen Hall listed. Behind the venture, the sponsor also be affected, suffering from stress. In fact
Guizhen Church is to build 3,000 acres of new breeding base, the current number of black bear farming is also more than 1000. The outside pressure of public opinion did not slow the pace of breeding black bear Guizhen Church. But the pressure of public opinion, in the face of corporate responsibility, social morality and the outside world, its listing of the road is clearly struggling.
3,000 acres of farming base

Huian County’s most well-known than the gathering area. Guizhen Church founder Qiushu spend (Qiurong Hui’s wife) is a traditional Hoi An woman, black bear breeding base in the net peak net the town of South Village.
February 13, Die Zeit reporter came to the net 30 km from Hoi An county South Village. The village is quietly situated at the foot of the mountain can still see the trails in the village between the Wai woman wearing a flower towel, dressed in traditional costumes. In their guidelines, the reporter quickly found the black bear breeding base.
However, at this time the bear went to the cage empty. The local villagers, in April and May last year, Guizhen destined for breeding base located in the New South Town Hall to put all the black bear. However, still visible from the site of the bears growing environment.
breeding base is located within the village, the housing with the surrounding villagers interval is only about 2 meters wide roadway. Within the walls of two buildings, of which a Bear homes. Standing outside the hospital a height visible, Bear homes about five layers, each layer is divided into before and after both sides. Each side is divided into a cage with iron railings, cages only 34 square meters, the villagers, a cage of two black bears.
the park between two buildings in the open space with two bears playing the escalator. However, the garden space is very small, the activities of the total area of ​​less than 1000 square meters. Bear homes opposite the villagers, black bears are basically in a cage. In the data graph, which must pass through founder Qiushu spend to receive important visitors visit. Next to the wall, there is still a similar cage area is smaller. The villagers, a total of three hundred long black bears, and has raised more than a decade here.
Subsequently,wow gold, Die Zeit reporter rushed to the Hui’an county 20 kilometers away the Tiger Cave, South Town, Village – Guizhen Church of black bear breeding base. The reporter arrived, just a few construction workers eat at the gate. The rockery of the door side of the upper waterfall, and engraved Guizhen Hall Biological Park. The other side of the door hanging plaque of Biological Development Co., Ltd. of Fujian Guizhen Church.
the breeding base is located in the mountains, will be taken to the backyard. Staff, the breeding base of the building is divided into two. A 1,000 acres of land and 2000 acres of two. One is under construction. At present, the number of bears of the breeding base of over 1000, with the expansion of the number will continue to increase. Because the base is still under construction, staff rejected a reporter up the mountain to watch bears the requirements.
to the staff, take the process of bile and outside rendering it cruel and exaggerated. Bears grow to a certain stage, through the surgery in bear bile on the hole, and then sooner or later, twice a day on bile extract, as to the basketball inflatable, is not painful. > As Guizhen Church statement on the official website, the production base with the most advanced black bear gallbladder without tube drainage technology, .
However, the the remarks Guizhen Church and can not quell public outrage. Animal protection organizations resolutely resist the
the face of outside opinion, Guizhen Church seems to silence is golden. Hsu, Guizhen Church Office official said the company decided temporarily not to communicate with the media to face interview with Die Zeit reporter. Guizhen
, Church, or try to restrain him

Guizhen Church eventually unable to control themselves. Under normal circumstances, the company to be listed will be a quiet period as an excuse to refuse to communicate with the media. However, recently, media reports Guizhen Church will hold a press conference on the 20th of this month or so, the State Drug Administration, State Forestry Administration, China Chinese medicine Association so will attend, when the opening of black bear breeding base, a formal response to skepticism from the outside.
move some people interpreted as Guizhen Church or to get listed on passes, will soon successfully listed. However, this view has been strongly opposed to investment bankers. Still in the project and market success in the implementation of feedback is still the mile, move more Guizhen Church is based on the external pressure of public opinion.
early last year, a Guizhen Church For listed on the news, immediately met with a strong civil society against the tide, in Guizhen Church, non-listed for further news had subsided. However, earlier this year, the same scene repeats. Guizhen Church IPO is in the implementation of feedback in the outside world are struggling to resist Guizhen Church to visit the capital market.
animal protection organizations that Guizhen Church is one of the largest bear gall series product R & D and production enterprises,wow gold, listed in the Exchange, its size becomes larger, it will hurt more the black bear.
February 14, 2009, the Fund formally to the SFC Petition Office submitted to the China Securities Regulatory Commission calls upon the letter stated three reasons Guizhen Church do not have the listed qualifications, and to urge the SFC will Guizhen listed application is not approved, and include the signature of the Bi Shumin, Cui, Chen Danqing 72 celebrities, the second round of the joint signature activity has started.
charity organization . On the 8th,wow gold, the organization has provided venture capital acquisition letter, but so far not received any reply.
In fact, there is no lack of support in public to denounce the sound. Chinese medicine Association dished out the .
However, these remarks did not quell public anger and dissatisfaction. From a technical level, Guizhen Church meet the listing requirements. However, it is sad to corporate responsibility, social and moral aspects of public opinion off.
a number of investment banks have told Die Zeit reporter said that the Audit Commission and sponsor training, always stressed to pay attention to public opinion, it has become one of the views of the SFC reference. SFC can not defy world opinion, because no one wants to bear the infamy.
good reason to refuse to make. process, approval is whether they can learn, but to accept listing applications do not have too much power to rebuff.
he thinks, in fact, the SFC of the human heart do not want to Guizhen Church listed, otherwise the approval will have been subjected to condemnation of the outside world. Opinion, the SFC has increasingly focused on the background of public opinion, Guizhen Church completely gorgeous turned the difficulty does not seem small. the embarrassing behind the venture in

subjected to the pressure of public opinion not only Guizhen Church itself, but also involves behind the venture capital institutions.
public information, the end of September 2009, Jiang Su Chenghui venture capital, venture capital under management in Jiangsu Ding Bridge, and Jiangsu Xin Australia joint venture of several natural persons, the total to Guizhen Church replenishment of 76.5 million yuan.
TD Investment chairman Meng Jiansheng has said publicly that GEM Listing
However, the status quo is not only Guizhen Church listed doubts about the venture capital institutions are also much the pressure of public opinion. Duane Kuang,

the founder of Qiming Venture Partners, told the Weekly Times reporter, to judge the standard of investment success, first financial return in terms of money income. Two is to consider the social, whether society to cultivate good business.
is legitimate, but at the moral level will be subject to public condemnation and may invest more consideration to the legal level, at the beginning.
Bridge Venture in Jiangsu Ding website, in addition to outside the framework does not have any content introduced. The Baiyi Peng introduced these before, but Guizhen Church turmoil, the pressure is too large, and only then been removed.
. Baiyi Peng revealed that. At this point, Bai Yipeng acquisition plan seems to provide venture capital behind to withdraw the opportunity. Up to now, the Baiyi Peng has not received any reply of a venture capital.
Jiangsu Xin Australia venture Xu Hongzhi is clear that it would not sell Guizhen Church, but when the reporter would like to further interview, the other party is busy on the grounds declined a reporter. Cheng Hui venture capital firm’s phone has been no answer.
other two venture capital there is no external clear Shenzhen Fortune Venture Capital senior investment manager Liang Guozhi but that does not exclude the possibility of sale of shares, after all, from the social significance is controversial too big. Gui Shuguang of the the Zero2IPO project manager also believes that these venture capital may exit, but who took over the
, but at this time Baiyi Peng seems a bit lost confidence. transformation, but was the misunderstanding of the indignity of the outside world.
better prospects after the transformation, with the overseas markets, marketing channels, and I believe it will be the market value of more than now.

sponsor agencies questioned

did not escape the storm of this pressure of public opinion, as the Wan-linked securities Guizhen Church sponsor institutions.
in 2009, Guizhen Church began to plan for listing matters. In early 2010, linked securities were initially involved in its market counseling. Public opinion that a few days ago, Wanlian securities media person in charge refused to respond to the matter.
Beijing a large brokerage investment banking who see the disclosure by the China Securities Regulatory Commission 515 IPO application in examining the list of enterprises with emotion, in fact does not meet the original intention of the Growth Enterprise Market (GEM). Guizhen Church as one of the technical content company, subject to public attention because it touches the bottom line of the code of ethics, in addition, some companies are not too high technical content list
In fact, the investment bank took over the project, the factors of the company’s risk analysis, animal protection is naturally considered within the scope. The sponsor of a large brokerage in Shanghai, told reporters that the investment bank took over this project should consider this factor.
In fact, in this storm of public opinion at the same time, the new Chairman of China Securities Regulatory Commission Guo thrown IPO without trial line work? International Finance Research Institute Liu Shengjun that the examination and approval system is actually to bring space to rent-seeking of power and corruption. GEM and PE boom, PE corruption to become the perfect way of rent-seeking, with insider trading and stock price manipulation is more subtle compared with the surface of legalization.
he thinks the time is ripe for the abolition of the right of approval, the main responsibilities of the SFC is to regulate, rather than control, while IPO approval system the repeal Hou Qiaqia to reduce rent-seeking behavior of power. After the abolition of the examination and approval system, a large number of companies listed on the price-earnings ratio to return to a reasonable level, companies are naturally not the IPO rush blindly misappropriating.
At this point, the sponsor regime change is also underway. This means that the signature sponsor commitment risk is also growing. In the face of the challenges of risks, the Sponsor is bound to also be the project more and more responsible.
Guizhen Church to break all kinds of difficulties? Only wait and see.