Great Bird And Jordan Sports Actively Plan To List

The China Securities Regulatory Commission has formulated and issued the opinions on further promoting the reform of IPO system. The release of the "opinion" means that IPO will be reopened for more than a year, and 750 queuing companies are expected to go public. It is learnt that the Commission still needs a month or so to prepare for the relevant work before the company completes the relevant procedures. By the year January 2014, about 50 enterprises are expected to complete the procedures and go public.

At present, in the list of 83 IPO companies, Guirenniao And Jordan sports are listed in the hope that they will be listed early next year. In September this year, the list of listed guidance and filing companies announced by the Fujian Securities Regulatory Commission was listed in Quanzhou. Among them, 13 listed companies were listed. Among them, there are Jordan sports and noble birds through the issuance of the SFC, and there are 7 enterprises in the guidance and record keeping companies, including 4 companies who have submitted the initial listing application to the SFC, including del Hui.

　 Step by step to registration system

As a major breakthrough in the new IPO reform system, registration system has replaced the audit system, and the industry has given high attention to this. But many people in the industry still expressed concern. At present, the market does not know enough about the risk and difficulty of registration system reform. It has already been used to survive in the examination and approval system, and what the new stock market ecosystem will be like is still unknown.

Faced with doubts in the market, the head of the SFC's relevant departments said that shares The issue of registration system reform is a reform that is triggered by the capital market and needs to be promoted step by step. At present, the practice of registration system in some countries and regions is not entirely consistent, but the common feature is that the IPO should be centered on the issuer's information disclosure, and the intermediaries will check the authenticity, accuracy and completeness of the issuer's information disclosure. The regulatory authorities will conduct a compliance audit of the application documents of issuers and intermediaries, and do not judge the profitability of enterprises. On the basis of information disclosure, investors will judge the value and risks of enterprises themselves and make investment decisions independently.

It emphasizes that registration system is not a simple registration registration system. It can not be understood as a registration system. It is registration, automatic entry, nor is it not a trial of stock issuance. It is not that junk stocks can be issued arbitrarily, but that the way of auditing should be reformed.

It is reported that registration system mainly means that when issuers apply for issuing shares, they must declare all kinds of information disclosed to the securities regulatory authorities completely and accurately according to law. The securities regulatory body makes formal examination of the comprehensiveness, accuracy, authenticity and timeliness of the declaration documents, and does not make substantive examination and value judgement on the qualification of the issuer, leaving the good and bad of the shares of the issuing company to the market. As long as the materials provided by the issuer are not false, misleading or omissions, even if the securities have no investment value, the regulatory authorities have no right to interfere. Whether an enterprise can be successfully issued is determined by investors' voting by foot.

　　 Jordan still has homework to do.

After the announcement of the reform, will there be a listing and listing soon? How long will the more than 760 queuing enterprises be able to digest? The director of the relevant departments of the SFC said that after the announcement of the reform proposals, a series of preparations will be completed before the company will issue new shares and go public.

The SFC said that, first of all, the SFC should amend the "securities issuance and underwriting management measures", formulate the transfer method of old shares, and improve the rules of information disclosure; stock exchanges and securities registration Clearing Corp also need to complete the formulation of relevant rules; secondly, through trial and verification, enterprises need to make necessary changes to the declaration documents in accordance with the requirements of opinions, and fulfill relevant procedures. According to the relevant provisions of the company law, it takes 1 months for the issuer to complete the relevant procedures.

In addition, after completing the above preparations, the enterprises will submit the updated application documents to the SFC and carry out the supervision procedure after the event. If there is no 17 important post meeting matters that need to be re submitted for examination, the SFC will approve the issue of new shares.

The SFC said that the marketization of the pace of issuance does not mean that it has passed the trial conference, including the "noble bird" and " Jordan Sports More than 80 enterprises will be released immediately. Enterprises need to make necessary amendments to the declaration documents in accordance with the new reform opinions and fulfill relevant procedures. The enterprises that have not completed the above work before January 31, 2014 will need to supplement the latest financial data and submit the 2013 audit report. Enterprises and underwriters also need to find suitable distribution time windows. Some enterprises that have passed the trial committee are unable to obtain the approved documents because they are being investigated on file. Generally speaking, it will take some time for the enterprises to complete the issue.