Popular:LeTV Internet Café Pangang Vanadium and Titanium Zhonghong shares
Published on 2017-10-19 00:58:23 Share it web version
                        Helping the capital market to “go to capacity” IPO and other aspects of the audit quality gradually improved
Source: Securities Daily Editor: Eastern Fortune Network

In recent years, in the context of deepening the structural reform of the supply side, in addition to boosting the “de-capacity” of listed companies in various industries, the regulatory authorities have increased the review and improvement of new shares, refinancing and mergers and acquisitions. The relevant system to improve the standard of capital operation is also a concrete manifestation of the capital market's own “de-capacity”.

In the middle of July this year, the national securities and futures regulatory system mid-year supervision work symposium was clear, we must effectively strengthen the quality of the issuance of the issue, maintain the normalization of the initial public offering, standardize and support the merger and reorganization of listed companies, improve the delisting system, plus Great delisting efforts to give full play to the functions of the capital market.

On the audit side of the new share issuance, in order to promote more resources to optimize the allocation to the areas most needed by the real economy and continue to strengthen the supervision of the first-time enterprises, the CSRC carried out on-site inspections of IPO enterprises in the first half of 2017. The important measures to strictly control the quality and risk of auditing are also important achievements in the on-site inspection of IPO enterprises. During the inspection, two companies were suspected of violating the law and violations, and some enterprises and related intermediaries were dealt with specially. In the next step, the CSRC will further strengthen the issuance supervision and strict review to prevent corporate fraud.

The industry believes that the on-site inspection of IPO companies has played a good role in purifying the auditing environment and supporting the listing of high-quality enterprises that are truly qualified. And the supervision layer carries out on-site inspection of IPO enterprises, and can also urge issuers to improve the quality of information disclosure, urge intermediaries to diligently and conscientiously, strictly control the entry of capital markets, and promote the healthy and orderly development of the capital market.

In the refinancing of listed companies, in February this year, the China Securities Regulatory Commission revised the “Detailed Rules for the Implementation of Non-public Issuance of Listed Companies” and issued the “Regulations on Issuance Supervision—Regulations on Guiding and Regulating the Financing Behavior of Listed Companies”. The revision aims to curb the excessive financing in the current market and the phenomenon of fund-raising.

In the M&A and reorganization end, in 2016, the CSRC revised the Measures for the Administration of Major Asset Restructuring of Listed Companies. The revision aims to tighten the "fence" of institutions and standards, cool down the "fried shells", promote the rational restoration of the market valuation system, continue to support the improvement of the quality of listed companies through mergers and acquisitions, and guide more funds to the real economy. At that time, the CSRC also revised the "Interim Provisions on Strengthening the Supervision of Abnormal Stock Trading Related to Major Asset Restructuring of Listed Companies" and "Regulations on Regulating Certain Assets Reorganization of Listed Companies".

In September this year, in order to improve the efficiency of mergers and acquisitions, crack down on the restrictions of “flickering” and “follow-up”, increase the certainty and transparency of transactions, and standardize the reorganization of listings, the CSRC will disclose the content and format guidelines for corporate disclosure of securities. No. 26 - Major Assets Restructuring of Listed Companies (Revised in 2014) was revised accordingly. This is in line with the revision of the Measures for the Administration of Major Asset Restructuring of Listed Companies, and standardizes the disclosure of information on listings.

The "Securities Daily" reporter learned that the next step will continue to improve the whole process supervision mechanism, further standardize the reorganization of listing activities, curb false restructuring, "flickering" restructuring, and promote capital market mergers and acquisitions to better improve the quality and service of listed companies. The development of the real economy. At the same time, it will continue to strengthen the supervision of mergers and acquisitions, and strengthen the monetary ability of mergers and acquisitions and restructuring services, while cracking down on false restructuring and evading supervision.

  相关报道>>>

  The SFC has increased its review: the IPO meeting rate has dropped.

  Which IPO investment bank is strong? GF's number of sponsors tops China Merchants Securities pass rate

Published on 2017-10-19 05:43:30
                            They are the water-filled bears in cowhide and the title of the buffalo. On the other hand, the US stocks are hard-boiled cows, and they are bullish!
Published on 2017-10-19 05:45:11
                            4000 points
Published on 2017-10-19 05:46:28
                            The stock price of individual stocks continued to fall, and the merits were infinite!
Published on 2017-10-19 06:00:00
                            Seeing the external market, looking back at the A shares, the mood is unbalanced. Where is the problem?
Published on 2017-10-19 06:06:30
                            The better the quality of the review? The whole trial gave the organization only 30% of the online
Published on 2017-10-19 06:08:59
                            If you have money, the company can do it.
Published on 2017-10-19 06:12:46
                            The delisting mechanism does not keep up. Big A has no bull market.
Published on 2017-10-19 06:16:24
                            Can you tell me when to improve to the highest quality?
Published on 2017-10-19 06:18:21
                            The quality is good. The main reason is that the annual report has changed a lot.
Published on 2017-10-19 06:19:05
                            Many of you have encountered doubled stocks?
Published on 2017-10-19 06:22:56
Look at China Hi-Tech before making a decision.
Published on 2017-10-19 06:26:47
                            The quality of the IPO is stricter and it is also the money for listing. The only way is that the original shares can never be lifted.
Published on 2017-10-19 06:27:26
                            I just want to know how many delisted every day? Do you not delist from the market every week? Do you not delist several monthly? Not delisting several times a year? Not a few delistings every half century?
Published on 2017-10-19 06:28:34
I am going to increase my holdings of China High Tech to help us.
Published on 2017-10-19 06:32:58
                            After the listing, I changed my face. Why?
Published on 2017-10-19 06:33:36
                            Self-entertainment is good!
Published on 2017-10-19 06:35:21
                            A shares out of the old thousand who gamble who loses who buys who
Published on 2017-10-19 06:38:45
                            Production capacity is still low? ? ?
Published on 2017-10-19 06:39:05
Boring interesting :Sorry! The content has been deleted.
Published on 2017-10-19 06:39:40
Stocks are shameful :I just want to know how many delisted every day? Do you not delist from the market every week? Do you not delist several monthly? Not delisting several times a year? Not a few delistings every half century?
                            If you withdraw from the market, like the release, sooner or later you will win sb
Published on 2017-10-19 06:41:23
                            Guiqiu 1000 hot money, a total of 100 million trades, the Spring Festival wines soaring Mogao shares 600543, okay? The total share capital of the listing for 10 years is still 320 million shares. At present, the turnover of each trading day is less than 30 million.
Published on 2017-10-19 06:45:13
                            Hehehe
Published on 2017-10-19 06:45:36
                            A fraction of the time, the front is not 10,000 or 20,000, not mahjong.
Published on 2017-10-19 06:49:18
                            Stock is used to live
Published on 2017-10-19 07:00:57
                            How much higher can it be?
Comment on this topic
The post is gone! How to do?
Author: You will not be publishedlog in |5 seconds registration Author:, welcome to leave a messagedrop out |Post a new topic
                Tip: All information, comments, etc. published by users in the community represent only personal opinions, and have nothing to do with the position of this website, and do not constitute any investment advice for you. Users should make their own decisions on securities investment and bear the corresponding risks based on their own independent judgment."Review of Self-discipline Management Commitment"
Source: Securities Daily Editor: Eastern Fortune Network

In recent years, in the context of deepening the structural reform of the supply side, in addition to boosting the “de-capacity” of listed companies in various industries, the regulatory authorities have increased the review and improvement of new shares, refinancing and mergers and acquisitions. The relevant system to improve the standard of capital operation is also a concrete manifestation of the capital market's own “de-capacity”.

In the middle of July this year, the national securities and futures regulatory system mid-year supervision work symposium was clear, we must effectively strengthen the quality of the issuance of the issue, maintain the normalization of the initial public offering, standardize and support the merger and reorganization of listed companies, improve the delisting system, plus Great delisting efforts to give full play to the functions of the capital market.

On the audit side of the new share issuance, in order to promote more resources to optimize the allocation to the areas most needed by the real economy and continue to strengthen the supervision of the first-time enterprises, the CSRC carried out on-site inspections of IPO enterprises in the first half of 2017. The important measures to strictly control the quality and risk of auditing are also important achievements in the on-site inspection of IPO enterprises. During the inspection, two companies were suspected of violating the law and violations, and some enterprises and related intermediaries were dealt with specially. In the next step, the CSRC will further strengthen the issuance supervision and strict review to prevent corporate fraud.

The industry believes that the on-site inspection of IPO companies has played a good role in purifying the auditing environment and supporting the listing of high-quality enterprises that are truly qualified. And the supervision layer carries out on-site inspection of IPO enterprises, and can also urge issuers to improve the quality of information disclosure, urge intermediaries to diligently and conscientiously, strictly control the entry of capital markets, and promote the healthy and orderly development of the capital market.

In the refinancing of listed companies, in February this year, the China Securities Regulatory Commission revised the “Detailed Rules for the Implementation of Non-public Issuance of Listed Companies” and issued the “Regulations on Issuance Supervision—Regulations on Guiding and Regulating the Financing Behavior of Listed Companies”. The revision aims to curb the excessive financing in the current market and the phenomenon of fund-raising.

In the M&A and reorganization end, in 2016, the CSRC revised the Measures for the Administration of Major Asset Restructuring of Listed Companies. The revision aims to tighten the "fence" of institutions and standards, cool down the "fried shells", promote the rational restoration of the market valuation system, continue to support the improvement of the quality of listed companies through mergers and acquisitions, and guide more funds to the real economy. At that time, the CSRC also revised the "Interim Provisions on Strengthening the Supervision of Abnormal Stock Trading Related to Major Asset Restructuring of Listed Companies" and "Regulations on Regulating Certain Assets Reorganization of Listed Companies".

In September this year, in order to improve the efficiency of mergers and acquisitions, crack down on the restrictions of “flickering” and “follow-up”, increase the certainty and transparency of transactions, and standardize the reorganization of listings, the CSRC will disclose the content and format guidelines for corporate disclosure of securities. No. 26 - Major Assets Restructuring of Listed Companies (Revised in 2014) was revised accordingly. This is in line with the revision of the Measures for the Administration of Major Asset Restructuring of Listed Companies, and standardizes the disclosure of information on listings.

The "Securities Daily" reporter learned that the next step will continue to improve the whole process supervision mechanism, further standardize the reorganization of listing activities, curb false restructuring, "flickering" restructuring, and promote capital market mergers and acquisitions to better improve the quality and service of listed companies. The development of the real economy. At the same time, it will continue to strengthen the supervision of mergers and acquisitions, and strengthen the monetary ability of mergers and acquisitions and restructuring services, while cracking down on false restructuring and evading supervision.

  Related reports>>>

  The SFC has increased its review: the IPO meeting rate has dropped.

  Which IPO investment bank is strong? GF's number of sponsors tops China Merchants Securities pass rate