The China Securities Regulatory Commission discusses the overall situation of the registration system reform and responds to market hot topics such as delisting, shareholding reduction, and refinancing of listed companies.
On January 19, the China Securities Regulatory Commission held a press conference to introduce the stock issuance registration system reform. The heads of relevant departments stated that they will continue to optimize institutional arrangements and promote the establishment of a more mature and stereotyped capital market basic institutional system.
Zhou Xiaozhou, the main person in charge of the Comprehensive Business Department of the China Securities Regulatory Commission, emphasized the need for strict punishments and strict laws to curb chaos as they implement the registration system. He highlighted the importance of strengthening supervision and law enforcement in all aspects of the entire chain before, during and after the event, to make the management more stringent and accurate.
Guo Ruiming, Director of the Listing Department of the China Securities Regulatory Commission, provided updates on the delisting situation of listed companies and stressed the importance of adhering to “retire all that should be withdrawn” and preventing “just retreat.”
Yan Bojin, Director of the Issuance Department, responded to the implementation effects of the refinancing policy, noting that listed companies are more prudent and rational in implementing refinancing, and the regulatory orientation of strict control has become clearer.
Shen Bing, Director of the Institutional Department, discussed the effects of the implementation of the new margin trading regulations and the situation at both ends of investment and financing in the capital market. He emphasized the importance of always adhering to the principle of giving priority to the interests of investors and strengthening supervision and law enforcement.
The China Securities Regulatory Commission will continue to consolidate and deepen the delisting mechanism and promote the coordinated development of both investment and financing ends in the capital market.
The heads of relevant departments also responded to other hot market issues such as investment and financing balance, short selling, securities lending, and financial fraud.
The latest statement from the China Securities Regulatory Commission provided detailed insights into key market issues and reforms in the capital market. The regulatory commission aims to promote the establishment of a more mature and stereotyped capital market basic institutional system and better utilize the capital market’s function to serve Chinese modernization.
This article was originally published in the Shanghai Securities News by author Liang Yinyan. It is important to note that the content of this article does not constitute investment advice and readers are advised to operate accordingly at their own risk.