Abstract: Growth enterprise market (GEM)， as an important component of the multilevel capital market， plays a significant role in perfecting the capital market structure， promoting the financing of hitech and small and mediumsized enterprises， and improving the governance level of listed companies. Based on the solvency， management capacity， profitability and growth potential of Chinas GEM listed companies， nine basic fiscal indexes of 355 listed companies were investigated， which include assetliability ratio， flow ratio， ROE， increase rate of main business revenue and total assets turnover. Then， a cluster analysis was given by using MATLAB software， whose findings indicated that there exists an obvious imbalance of trade and industry distribution， Chinas GEM listed companies can be divided into three clusters and their basic fiscal index analysis exhibits a comparatively strong similarity.

Key words: growth enterprise market (GEM), listed company, cluster analysis, fiscal index