On May 10, the Shanghai and Shenzhen Stock Exchanges issued an announcement on the review meeting of the Listing Committee on the same day.
The Shanghai Stock Exchange announced that the Listing Review Committee is scheduled to hold the 13th review meeting of the Listing Review Committee in 2024 on May 16, 2024 to consider the refinancing application of Baolong Technology.
According to the announcement of the Shenzhen Stock Exchange, the Listing Review Committee is scheduled to hold the 9th review meeting of the Listing Review Committee in 2024 on May 16, 2024 to consider Marco Polo's initial offering application.
Recently, the market has been quite concerned that after the Spring Festival this year, no IPO company in A-shares has been reviewed by the Listing Committee for three consecutive months. The exchange's most recent listing committee meeting was on Feb. 6, which means that there has been no IPO meeting for three months. It is worth noting that the Shanghai and Shenzhen Stock Exchanges not only issued the first announcement of the review meeting since February 6, but also the first batch of listing applications and refinancing applications disclosed since the Shanghai and Shenzhen Stock Exchanges officially released the revised "Stock Listing Rules" and "Stock Issuance and Listing Review Rules" and other business rules on April 30.
On April 30, the Shanghai and Shenzhen Stock Exchanges officially issued 9 supporting business rules, including the review rules for stock issuance and listing. Specifically, there are three categories: first, there are 6 issuance and listing review rules, which are the review rules for stock issuance and listing, the review rules for major asset restructuring, the management measures for the listing review committee and the merger and reorganization review committee, the interim provisions on the issuance and listing declaration and recommendation of enterprises on the Science and Technology Innovation Board/ChiNext Board, as well as the guidelines for the acceptance of application documents and on-site supervision. The second is one of the issuance and underwriting rules, that is, the guidelines for the concerns of investment value research reports. The third is two continuous regulatory rules, namely the listing rules of the Main Board, the Science and Technology Innovation Board, and the Growth Enterprise Market. Among them, the stock listing rules, stock issuance and listing review rules and other business rules clearly strengthen the strict control of the market entrance, improve the financial conditions for listing in each sector, further clarify the positioning requirements of the sector, and strengthen the financial authenticity review.
Relevant people in the exchange said that the Shanghai and Shenzhen stock exchanges will conscientiously implement the spirit of the new "National Nine Articles" and supporting policy documents, while maintaining the normalization of issuance review, further strengthen the strict control of issuance and listing review, resolutely eliminate problem enterprises, and effectively improve the quality of listed companies from the source. In the process of reviewing the issuance and listing, we will also further handle the relationship between investment and financing, grasp the balance between the primary and secondary markets, strengthen supervision in the whole chain, and put the protection of the legitimate rights and interests of investors, especially small and medium-sized investors, in a more prominent position.
Source: Financial Times client
Reporter: Li Ziqin
Editor: Liu Nengjing
Email: [email protected]