IPO Registration System Reform Is Still Advancing

At a regular press conference, the spokesman for the securities and Futures Commission, Deng Ge, responded to the hot issues such as the IPO reform and the internal adjustment of the SFC.

　　 No new companies have been applied this year. IPO

Media reports said this week that the SFC would suspend the registration of new shares, but Deng said that the SFC is promoting registration reform with relevant units. During the transitional period, the SFC will implement the reform of IPO. Deng Ge said: registration system reform is the requirement of the party in the third Plenary Session of the 18th CPC Central Committee and the main breakthrough of regulatory transformation. In the period of transition to registration system, it will implement opinions, improve efficiency and enhance transparency in the existing legal framework, and make the trial committee process open to the public.

　 　 Private Offering Fund "Find organization"

Deng Ge said that the Central Committee has approved the adjustment plan of the SFC, which is specifically adjusted as: the issuing department and the GEM board are merged into the issuing supervision department; one listed company and two departments are merged into the supervision department of the listed company; the one or two part of the futures supervision is merged into the futures supervision department; and the agency department and the fund department are merged into the supervision department of the securities fund institution.

Reporters noted that, while reducing four departments, and according to the latest market developments, four new departments were set up, namely, the corporate bond supervision department, the innovation business supervision department, the private equity fund supervision department and the anti illegal securities and Futures Bureau.

Deng Ge said that the SFC's internal organs should adjust and implement the principle of "one case and one management", while maintaining the overall establishment of the CSRC and keeping the total number of internal departments unchanged.

Judging from the above departments' adjustment, the SFC has also increased supervision over the areas of innovation, bond business, and cracking down on illegal activities, and has also allocated corresponding departments to privately supervise private funds. Private fund, which has long existed in the grey area, has finally "found the organization". However, its management separately from the public offering fund also shows that the SFC is highly concerned about this new thing.

　 Hot spot response

Hot spot one: Yang Jianbo sued the SFC

Response: no notice of court filing has yet been received.

Deng Ge said that the securities and Futures Commission has been concerned about the media coverage of Yang Jianbo's "Oolong referring incident" by Everbright Securities, but at present, the securities and Futures Commission has not yet received the relevant court notice. Deng explained that the previous decision was made by the SFC on the basis of facts and laws, and the SFC respected the court's supervision over the administrative law enforcement of the SFC, and the SFC will provide relevant evidence and viewpoints.

　　 Hot two: Vice President of Beijing bank, "precise" buy their own stocks

Response: Beijing Securities Regulatory Bureau Under verification

As for the two day "precise" purchase of 30 thousand shares by the vice governor of Beijing bank before the company announces hand in hand, Deng said that the securities and Futures Commission has been concerned about this question, and the Shanghai Stock Exchange has urged the company to issue a notice. At present, the Shanghai Stock Exchange and Beijing securities regulatory bureau are checking the relevant issues, and once they find illegal activities, they will take corresponding regulatory measures.

The company announced earlier that its vice governor had expressed his intention to buy shares before the Spring Festival because of his share price breaking through net assets and was bought by the company after consent. The deputy governor was unaware of the company's upcoming hand in hand with millet.