Shanghai Securities Daily 20 News Summary Of Major Financial Media

Shang Fulin: the framework of corporate governance conforming to the national conditions is basically established.

Shang Fulin, chairman of the China Securities Regulatory Commission, said in Shanghai 18, that the framework of corporate governance that is in line with China's national conditions and market conditions has been basically established. In order to give full play to the role of the capital market in serving the overall situation of the national economy, we must put more emphasis on improving the quality of listed companies and improving the governance of listed companies.

The next stage of work arrangement will include actively promoting the formulation of regulations on supervision and management of listed companies, perfecting the arrangement of corporate mergers and acquisitions, strengthening supervision over controlling shareholders and actual controllers, and coordinating the scope of civil litigation for small and medium investors.

Issuance and verification of stereoscopic reform fetal movement stock issue will be a breakthrough

According to the sources, on the basis of the second stage distribution system reform, the reform of the mechanism of optimizing the market price formation will be followed by the implementation of the distribution system and the reform of the audit system.

The key points of the audit system reform include sorting out, revising the IPO approach and refinancing methods, so that the audit pays more attention to the core and substantive factors that affect the company's fundamentals and sustainability.

At the same time, we will clarify the responsibilities of the participants in the listing process and strengthen the constraints on the intermediaries headed by the sponsor agencies.

The Shanghai Stock Exchange has preliminarily completed the preparations for the international board.

Geng Liang, chairman of the Shanghai stock exchange, revealed in December 18th that the Shanghai Stock Exchange has actively studied and promoted the construction of the international board. At present, it has preliminarily completed preparations for the business rules and technologies concerning the listing and trading of the international board, and has thoroughly studied the important issues such as information disclosure, continuous supervision, cross border law enforcement, investor protection, and so on, and is actively creating conditions for the launch of the international board.