Year-ender: major financial events of 2020

chinadaily.com.cn | Updated: 2020-12-29 06:40
Share
Share - WeChat

Registration-based Reform for ChiNext – China's Nasdaq-style board of growth enterprise

Li Xi (center left), Party secretary of Guangdong province, and Yi Huiman (center right), chairman of the China Securities Regulatory Commission, strike a bell as the first registration-based initial public offerings debut at the Shenzhen Stock Exchange on Aug 24, 2020. [Photo by Shi Li/for China Daily]

China launched its market-based IPO reform on the ChiNext board of the Shenzhen Stock Exchange this year, to better serve growth for innovative firms and give the market a greater say in new share sales.

On June 12, China introduced a series of measures to replace the approval-based IPO system with a registration-based one. Several improvements in the trading rules of ChiNext include stricter requirements for information disclosure at its core, while intensifying responsibilities of issuers and intermediary agencies as well as simplifying delisting procedures, according to the China Securities Regulatory Commission.

Daily price fluctuation limits for all ChiNext shares have been doubled to 20 percent, excluding new listings in five days of debut, and the average time between IPO application and debut has been shortened to at least 71 days.

On Aug 24, the first batch of registration-based IPOs of 18 enterprises made debuts on the ChiNext board.

With easier listing standards and a shorter and more transparent IPO process, the reform facilitates the development of innovative startups and injects new momentum into the Chinese capital market.

|<< Previous 1 2 3 4 5 6 7 8 9 10 11 Next   >>|

Related Stories

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲av综合色区无码专区桃色| 国产亚洲欧美日韩亚洲中文色 | 国产欧美va欧美va香蕉在线观看 | 国产精品bbwbbwbbw| 久久夜色精品国产亚洲| 色台湾色综合网站| 奇米四色77777| 亚洲午夜电影一区二区三区| 青青草综合在线| 国产视频www| 久热中文字幕在线精品免费| 紧身短裙女教师波多野| 国产超碰人人模人人爽人人添| 中文字幕人妻中文AV不卡专区| 污视频网站在线| 国产日韩在线亚洲字幕中文| 中文字幕亚洲欧美在线不卡| 欧美亚洲人成网站在线观看| 国产一区二区三区在线影院| 99视频精品全部在线| 最近2019中文免费字幕| 又黄又爽又色的视频| 222www在线观看免费| 日本无卡无吗在线| 人妻少妇伦在线无码| 免费h视频在线观看| 性短视频在线观看免费不卡流畅| 亚洲欧洲日韩国产一区二区三区| 金8天国欧美视频hd黑白| 大胸校花被老头粗暴在线观看| 亚洲av永久无码精品天堂久久| 男人天堂视频网| 国产成人午夜高潮毛片| 一本久久a久久精品亚洲| 欧美日产国产亚洲综合图区一| 国产乱女乱子视频在线播放| 99re在线观看| 日本japanese丰满护士| 亚洲精品自产拍在线观看| 车文里的冰块棉签是干啥用的 | 高清免费a级在线观看国产|