Original title: CBEX’s offline investors become more diversified and new individual investors are added
Our reporter Chang Xiaoyu
On October 22, the “Securities Daily” reporter learned from an authoritative person that the Securities Association of China has recently issued the “Regulations for the Public Offering of Stocks to Unspecified Qualified Investors and Listing on the Beijing Stock Exchange for Off-Net Investor Management (Trial) (solicited) Opinion Draft)” (hereinafter referred to as the “Rules”) solicits opinions from securities firms to regulate offline investors’ participation in the offline inquiry and placement of stocks that are publicly issued to unspecified qualified investors and listed on the Beijing Stock Exchange.
It is understood that offline investors who can participate in the offline inquiry and allotment of publicly issued and listed stocks of the Beijing Stock Exchange are mainly divided into three categories: professional institutional investors, general institutional investors and individual investors.
The “Rules” require that, in addition to the six types of institutional investors including securities companies, fund management companies, trust companies, finance companies, insurance companies, and qualified foreign investors, the securities account assets of other institutional investors or the net assets of their managed products The assets should be no less than 10 million yuan; the securities account assets of individual investors should be no less than 10 million yuan.
According to relevant regulations on the issuance and underwriting of shares on the Sci-tech Innovation Board and ChiNext, offline investors include securities companies, fund management companies, trust companies, finance companies, insurance companies, qualified foreign institutional investors, private equity fund managers and other professional institutions. After being registered with the Securities Association of China, they can participate in the offline inquiry of IPO stocks on the Science and Technology Innovation Board and ChiNext.
“Securities Daily” reporters found in comparison that the types of investors for offline inquiries on the Beijing Stock Exchange are more diversified, with not only institutional investors but also new individual investors. Market participants believe that on the one hand, this move is to enrich the types of investors under the premise of risk prevention and control, so as to activate the linkage between the primary market and the secondary market of the Beijing Stock Exchange, and by adding different types of investors, it can effectively prevent Under the registration system, some institutional investors are quoting in groups; on the other hand, it can also create conditions for investors to participate in market pricing and achieve a sense of wealth.
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