China on Friday unveiled six official rules and relevant guidelines on China''s new science and technology innovation board, according to the Shanghai Stock Exchange (SSE). The rules, which took effect on March 1,
^ 2 Rules on registering for initial public offering on the Science, Technology and Innovation Board, CSRC, published Jan. 30, 2019, accessed on April 10, 2019. ^ 3 "Number of applicants that switched to Sci-Tech Innovation
The relevant institutional arrangements of the SSE are mainly reflected in the 6 sets of supporting business rules for which the opinions are being solicited currently, including the "Rules of
A: The present acceptance of the companies'' applications showed that most of the enterprises applying for listing on the Sci-tech Innovation Board could basically prepare the prospectuses
In order to implement the requirements of the new Securities Law, continue to propel the reform in the pilot program of the registration-based IPO system for the Sci-Tech Innovation Board
The "Implementation Opinions on Establishing the Science and Technology Innovation Board and Piloting the Registration-based IPO System on the Shanghai Stock Exchange" (the
A: On March 18, the listing and listing review system of the SSE officially accepted applications for the issuance and listing on the Sci-tech Innovation Board. On March 22, SSE decided to
A: On March 18, the listing and listing review system of the SSE officially accepted applications for the issuance and listing on the Sci-tech Innovation Board. On March 22, SSE decided to accept the applications of the first batch of nine companies.
A: Under the pilot registration-based IPO system for the Sci-Tech Innovation Board, in the review for issuance and listing, the SSE will adhere to the concept of focusing on information disclosure, and urge the issuers and the intermediaries to disclose information in an authentic, accurate and complete manner.
To grasp the positioning of the Sci-Tech Innovation Board at the implementation level, it is necessary to respect the law of science and technology innovation, the law of the capital market and the law of enterprise development.
Compared with other boards, the Sci-tech Innovation Board should attach more importance to the disclosure of the matters related to the sci-tech innovation in the prospectuses, but at present quite a few companies have the problem of insufficient disclosure.
The investors who do not meet the suitability requirements can participate in the science and technology innovation board by purchasing public funds and other means. Secondly, the price limit is appropriately relaxed.
Therefore, individual investors participating in the stock trading on the science and technology innovation board are required to have at least RMB500,000 of assets in the securities account and the fund account as well as at least 24 months of experience in securities trading.
