In China, compared to the listed firms (上市公司) in Main Board Market (主板), the listed
In China, compared to the listed firms (上市公司) in Main Board Market (主板), the listed firms in Growth Enterprise Market (GEM, 创业板) always exhibit a higher P/E ratio (Price-to-Earning ratio, i.e. the stock price to the earning per share) just because the investors in GEM are so crazy that the higher P/E ratio in GEM is just the result of price bubble.