The preparations for the Science and Technology Board are progressing at a higher than expected rate. The investment bank received the notice from the Shanghai Stock Exchange on March 12, and conducted a centralized test exercise on the submission and acceptance of the application for the listing of the science and technology board on the afternoon of March 13. The notice also revealed that after the completion of the application for the issuance and listing of the Science and Technology Board and the acceptance of the acceptance system, the application of the investment bank to the Science and Technology Board project was officially accepted on March 18.
The specific time of the drill was from 13:00-16:00 on March 13th. The participating units included sponsors who planned to participate in the board business. The test content includes: simulating new application projects, filling in project information, uploading application documents and submitting declarations, and receiving acceptance letters. The Shanghai Stock Exchange requires that each quotation sponsor institution participating in the test, in accordance with the relevant specifications and requirements of the Science and Technology Board, prepare a set of science and technology board simulation listing application documents to complete the test operation.
The Notice also revealed that from March 15th, the audit system will no longer accept system trials. From March 18th, the audit system will officially enter the production status, and all documents submitted through the audit system will be regarded as the official Science and Technology Board stock issuance application documents. In other words, the Science and Technology Board electronic declaration system will officially accept the application of the project on March 18.
According to the time regulations recommended by the relevant process, the acceptance review period is 3 months, which means that the first batch of time to pass the audit will appear in mid-June. If the CSRC's listing approval is issued quickly, there will be a stock of Kochuang board in the first half of the year. Previously, brokers expected that the first batch of companies will be listed in the first seven to eight months of this year.
Since the new stock subscription mechanism and trading mechanism of Science and Technology Board are different from the current A-shares, the follow-up system of new stock subscription, transaction settlement, refinancing and reduction of the board will also need to be re-developed and drilled.
China Metallurgical Metallurgical Co., Ltd., Sidi Ruimu New Energy Enfi, etc.