"Electric Eel Finance" electric eel number/text
SFC Departmental Income and Expenditure Statement
With the release of the latest annual budget plan by the China Securities Regulatory Commission, the regulatory weather vane of the capital market once again points to strict scrutiny. Recently, the China Securities Regulatory Commission announced the 2024 departmental budget on its official website, with a total budget of 2.807 billion yuan for revenue and expenditure in 2024.
2024 CSRC Departmental Budget "Performance Target Table for Regulatory Monitoring and Review Expenditure Projects"
2023 CSRC Departmental Budget "Performance Target Table for Regulatory Monitoring and Review Expenditure Projects"
It is worth noting that the "Performance Target Table of Regulatory Monitoring and Review Expenditure Projects" in the 2024 departmental budget of the China Securities Regulatory Commission points out that in accordance with the requirements of strengthening supervision, preventing risks and promoting high-quality development in the capital market, combined with the annual work plan, strengthen the inspection of listed companies, bond issuers, companies listed on the New Third Board, IPO enterprises, etc., and increase the monitoring or inspection of risk companies in key risk areas; Organize inspections of securities companies, fund companies, futures companies, private equity institutions, as well as legal, auditing, and evaluation institutions; Improve internal coordination capabilities, and actively cooperate with relevant units and departments to carry out joint inspections. Timely release briefings such as inspections, summaries of routine supervision work, and progress of special actions, and issue confirmation documents such as notices of inspection results in accordance with regulations. In 2024, the China Securities Regulatory Commission will organize and deploy the verification ratio of IPO enterprises to be no less than 25%. "Electric Eel Finance" paid attention to the fact that in 2023, the budget of the China Securities Regulatory Commission (CSRC) pointed out in the "Performance Target Table of Regulatory Monitoring and Review Expenditure Projects" that the proportion of verification of the initial public offering enterprises shall not be less than 5%.
The significant increase in the proportion of verification by the CSRC for IPO companies is a clear signal that the CSRC will strengthen market supervision and protect the rights and interests of investors. After several rounds of market volatility and risk education, investors are increasingly demanding transparency and fairness. Regulators have strengthened scrutiny to ensure the compliance and quality of each company's listing, providing investors with a more reliable basis for investment decisions.
In addition, the increase in the proportion of IPO inspections is also a reflection of the maturity of the market. When regulations become stricter, market participants will also comply with the rules, which will help form a virtuous circle and attract more high-quality companies to the capital market. At the same time, the strict review process can effectively curb illegal activities such as fraudulent issuance, maintain a fair and just market order, and enhance investors' confidence in the market.
Industry insiders pointed out that increasing the proportion of inspections has prompted enterprises to pay more attention to internal management and financial transparency. In a strict regulatory environment, companies that can be successfully listed tend to have stronger market competitiveness and higher business levels, which is beneficial to promote the long-term healthy development of the entire market. In addition, for investors, stricter scrutiny means a reduction in investment risk, which also has a positive effect on attracting long-term capital and stabilizing market expectations.
The increase in the proportion of IPO inspections this time conveys the regulator's firm commitment to market standardization and transparency, and also reflects the important role of the capital market in serving the real economy and promoting high-quality economic development. In the long run, this will help build a more robust, active and transparent capital market environment, creating more value for investors and companies.