SFC Re Issued The Seventeenth Batch Of 2 IPO Pre Disclosure List Of Enterprises

On the evening of the 13 th, the SFC issued the seventeenth batch of 2 enterprises' pre disclosure and pre disclosure update information, of which 1 were listed on the Shanghai Stock Exchange and 1 were listed on the Shenzhen Stock Exchange's growth enterprise market. Plus 319 of the sixteen previous disclosures, 321 companies have released pre disclosure or pre disclosure updates.

By the evening of May 13th, new IPO There are 308 pre disclosure companies, including 136 of the main board of the Shanghai Stock Exchange, 75 of the SME Board of Shenzhen Stock Exchange, 97 of the Shenzhen Stock Exchange's gem, and 13 IPO's pre disclosure list of updated information. It is worth noting that the pace of pre disclosure has slowed down in the case of IPO's pre disclosure enterprises.

According to "IPO" shares The relevant provisions of the notice on issues such as advance disclosure shall be submitted to the enterprises that have submitted the first application before the date of promulgation, but the enterprises that have not yet passed the trial committee (hereinafter referred to as "trial enterprises") shall submit to the audit department the pre disclosure materials of the financial data within the validity period and update the application documents accordingly, so as to carry out follow-up auditing procedures.

Since April 18th, the enterprises that have met the requirements of the relevant documents have been disclosed in advance on the website of the China Securities Regulatory Commission. According to the relevant provisions of the China Securities Regulatory Commission on the validity period of financial data, it is estimated that most of the enterprises in the trial can complete the updating of financial information and relevant pre disclosure before the end of June 2014.

There are concerns that the IPO floodgates plus the "bombing" of the preferred shares, the new share financing and the scope of the money raising have been greatly improved, so that the weak A share market will continue to be under pressure. Financing function May be overexploited, A shares fear "financing robbery".

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IPO underwriting management practices, independent placement rules and online investor record management rules are expected to be released soon. The "nine new countries", which contain specific reform measures, have been revised, and the policies on private market development and capital market liberalization will bring benefits to the market.

According to the person who participated in the first training course of the sponsor representative in 2014, according to the new IPO rules, the Underwriters should not predict the valuation interval or the two level market transaction price. Underwriters are responsible for the verification of whether the investors are eligible or not. The underwriting rate of the new share shall not be higher than that of the old stock. The rules also put forward a blacklist system. The investors and institutions under the net will be punished accordingly according to different circumstances. Only the investors who record and the products they manage can participate in the quotation and purchase under the net. The rules will classify the investors under the net. The proportion of the allotment of the same investors is the same, and the allotment ratio of public offering, social security, annuity and insurance should not be lower than those of other investors.

Insiders said that it is expected that the investors will be accepted in the early May. With the release of the IPO rules, it is expected that unlisted companies will be listed in May. It is estimated that the pace of audit will not be too fast, and it will be more likely to arrive at five every Thursday.

According to the new securities issuance and underwriting management regulations and relevant provisions, the number of new shares issued in principle is larger than the number of old shares transferred; if only the war commitment commitment has been locked for more than 12 months, the number of old shares transferred by the announcement must not exceed the number of war promises; the purchase does not distinguish between new shares and old stocks, and only requires special marks for the number of shares that are voluntarily committed.