China-Singapore Jingwei, April 30 -- The website of the China Securities Regulatory Commission announced on the 30th the "Decision on Amending the List of Random Items for Random Inspections of the China Securities Regulatory Commission", which will come into force on the date of promulgation. It mentions that the proportion of spot checks for "initial enterprise inspection" has been revised from "the proportion of random lottery is 5%" to "the proportion of random lottery is 20%".
The China Securities Regulatory Commission (CSRC) said that on April 12, 2024, the "Several Opinions of the State Council on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Capital Market" was officially released, which proposed to expand the coverage of on-site inspections of enterprises under review and related intermediaries. Previously, on March 15, 2024, the China Securities Regulatory Commission issued the "Opinions on Strictly Controlling the Issuance Access and Improving the Quality of Listed Companies from the Source (Trial)", which clearly stated that the proportion of random sampling and inspection of companies to be listed should be greatly increased. In order to implement the above requirements, it is necessary to revise the relevant content of the "inspection of the first enterprise" in the list.
In terms of the content of the revision, combined with the actual on-site inspection work of the first listed enterprise, the first is to modify the random inspection ratio of item 1 "inspection of the first enterprise" listed in the annex to the "list" from "the proportion of random lottery is 5%" to "the proportion of random lottery is 20%". The second is to revise the basis for the random inspection of item 1 of the random inspection items listed in the annex of the "List" from "Article 62 of the Administrative Measures for the Sponsorship Business of Securities Issuance and Listing" (promulgated by Decree No. 58 of the CSRC and amended by Decree No. 137 and No. 170 of the CSRC) to "Article 61 of the Administrative Measures for the Sponsorship Business of Securities Issuance and Listing" (promulgated by Decree No. 58 of the CSRC and amended by Decrees No. 137, 170 and 207 of the CSRC).
Attached is a list of random inspection items by the China Securities Regulatory Commission:
Source: SFC website
(Sino-Singapore Jingwei APP)