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

New sci-tech board pushing China to improve IPO review

Source: Xinhua| 2019-04-12 15:54:28|Editor: Li Xia
Video PlayerClose

BEIJING, April 12 (Xinhua) -- Seeing a catfish effect from the launch of new science and technology innovation board, local analysts have put high hopes on the country's IPO review reform and expect higher efficiency.

Pan Xiangdong, chief economist with the New Times Securities, said that the new board had played the catfish effect by attracting an increasing number of companies to apply to be listed there.

By Thursday, the Shanghai Stock Exchange has had 62 companies apply to be listed on the new board. With the technical system expected to be ready by the end of May, the new board will pilot a registration-based IPO system.

Under the current IPO system however, new shares are subject to approval from the China Securities Regulatory Commission (CSRC).

Since the new review panel of the CSRC started work in February, it has examined the IPO applications of 12 companies, with only one rejected.

Pan said that the review process had been quickened as the emphasis of review was shifting from profitability to authenticity, completeness and accuracy of information disclosure.

The review panel has set strict requirements on listing and delisting, he said.

Bian Yongzu, a researcher with the Chongyang Institute for Financial Studies of the Renmin University of China, noticed more positive changes.

He said that the panel not only examined the past rates of return of applicant companies but also focused more on their growth potential, paid more attention to profit models and business strategies, and tended to encourage growth enterprises to go public.

On March 25, CSRC released Q&As on IPO review, clarifying the standards on common legal and financial accounting issues concerning applicant companies as well as the due diligence of intermediary agencies.

It was also the first time for the security watchdog to make public its review standards.

Liu Naisheng, a member of the executive committee of China Securities, lauded the move, expecting more openness and transparency as well as better regulated supervision based on laws.

Pan suggested the regulator better coordinate supervision on different boards and improve requirements on information disclosure quality and simplify delisting procedures.

Small and medium-sized enterprises that perform well in their main business and compliance management should be encouraged to go public, which needs the concerted efforts and more input of intermediary agencies, local governments and the security watchdogs, Pan said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001379717431
主站蜘蛛池模板: 邛崃市| 甘泉县| 玛纳斯县| 绥化市| 宁南县| 雷波县| 咸宁市| 横山县| 普兰县| 汝州市| 青岛市| 昌图县| 龙井市| 天台县| 台湾省| 顺义区| 巨野县| 西乡县| 原平市| 老河口市| 乌拉特中旗| 溧阳市| 南阳市| 伽师县| 石柱| 左云县| 平原县| 邛崃市| 休宁县| 沂源县| 昌邑市| 聂拉木县| 金堂县| 遂昌县| 西畴县| 德保县| 临清市| 聂拉木县| 南和县| 三亚市| 洞口县|