国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China prolongs preparation period for IPO reform

Source: Xinhua| 2018-02-24 23:59:04|Editor: Mu Xuequan
Video PlayerClose

BEIJING, Feb. 24 (Xinhua) -- China's top legislature decided to prolong a mandate, which allows the State Council to prepare for reforms that will change the stock listing system from approval-based to registration-based, for another two years to Feb. 29, 2020.

A session of the Standing Committee of the National People's Congress (NPC), the top legislature, passed the draft decision submitted Friday for review.

The Standing Committee of the NPC authorized the State Council on Dec. 27, 2015 to adjust rules, based on the securities law, to allow stock listings to be changed from an approval-based to registration-based system. The mandate will expire on Feb. 28, 2018.

Under the current IPO system, new shares are subject to approval from the China Securities Regulatory Commission, the top securities regulator.

China is gradually switching from an approval-based IPO system to a more market-oriented system based on registration.

The new decision, which will take effect on Feb. 25, pointed out that the State Council must bring up opinions for revising related laws before the extension period expires.

The State Council also should enhance guidance in the IPO system reform and submit detailed reform plans to the Standing Committee of the NPC.

The securities watchdog was asked to keep promoting IPO system reform and enhance coordination with other agencies to prevent and address financial risks and protect investors interests, according to the decision.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091369974081
主站蜘蛛池模板: 安多县| 泸水县| 曲阜市| 德州市| 隆回县| 静乐县| 土默特右旗| 施甸县| 万山特区| 兴安盟| 龙里县| 长宁县| 松阳县| 郸城县| 岗巴县| 忻城县| 宁乡县| 新民市| 古交市| 钦州市| 井陉县| 中牟县| 汉阴县| 永和县| 林甸县| 沈丘县| 泉州市| 武夷山市| 合江县| 黎平县| 武川县| 普安县| 耒阳市| 房产| 临湘市| 吴桥县| 台山市| 温宿县| 秦安县| 普安县| 尼木县|