China formally starts across
File photo shows an exterior view of the Shanghai Stock Exchange at Pudong New Area in Shanghai, east China. (Xinhua)
BEIJING, Feb. 1 (Xinhua) -- The China Securities Regulatory Commission (CSRC) started soliciting public feedback on the main rules of the across-the-board registration-based initial public offerings (IPOs) on Wednesday, officially kicking off the across-the-board reform.
The reform, with institutional arrangement basically fixed, will cover all national securities exchanges and all types of public offerings of stocks, as well as preferred stock, convertible corporate bonds and depositary receipts, said the CSRC.
The CSRC noted that the reform will optimize registration procedures, unify registration systems nationwide and fine-tune the supervision mechanism.
The essence of the registration-based reform is to leave the choice to the market, said the CSRC, adding that the review process is transparent and social supervision is accepted.
China first piloted the registration-based IPO system on the science and technology innovation board in 2019, and expanded it to the ChiNext board in 2020 and to shares on the Beijing Stock Exchange in 2021. ■
Related articles
I visited the most crowded island on Earth
Likened to a giant armor-plated turtle because the tin roofs are so tightly packed together, Migingo2024-05-22Xi Urges Young Officials to Take on Historical Task on New Journey
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Xi, Peng Liyuan extend Chinese New Year greetings to U.S. Lincoln High School teachers, students
Chinese President Xi Jinping and his wife, Peng Liyuan, on Sunday replied to a Chinese New Year gree2024-05-22There's spring in real estate recovery
Employees introduce a residential project to visitors during the 2023 Weifang Real Estate Expo held2024-05-22Messi in and Dybala out in Argentina squad for pre
BUENOS AIRES, Argentina (AP) — Lionel Messi is in and Paulo Dybala is out of Argentina’s squad for f2024-05-22China's foreign trade starts on steady note in 2023
This aerial photo taken on Feb. 25, 2023 shows the container terminal at Qinzhou Port in south China2024-05-22
atest comment