Bidding Pfer Is Scheduled To Be Launched Early Next Year.

< p > the national stock pfer system company has introduced the development of the market making system in accordance with the data interface specification issued by the national share pfer system company. It is progressing smoothly. It is expected that in August this year, the new paction settlement system will be able to realize the pfer function of listed company stock market as scheduled.

Initially, it is revealed that the scale of market making funds prepared by brokerages is up to ten billion yuan.

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< p > the national share pfer system company has strengthened its communication with the relevant departments of the SFC and the Shanghai and Shenzhen Stock Exchange, and has jointly studied the criteria and procedures for the listed company to apply directly to the stock exchange in accordance with the conditions. It has gradually promoted the implementation of the "a href=" http://www.91se91.com/news /index_cj.asp "pfer board < /a" mechanism, giving full play to the market role of connecting the preceding and following in the multi-level capital market system.

For the regional market which is in line with the listing conditions, the listed company's national share pfer system maintains an open attitude and respects the voluntary choice of the enterprises' voluntary and market intermediaries.

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Gao Zhenying, deputy general manager of stock pfer system, said that the national share pfer system is diversified. The listed company can flexibly and independently choose the right way of pfer according to its own liquidity needs in the three pfer modes of making market, agreement and bidding. P

The way of market making pfer is expected to be successfully launched in August.

The mode of bidding pfer is also being studied, and it will be launched in early next year.

The pformation of < a href= "http://www.91se91.com/news/index_cj.asp" > pfer mode < /a > should not be too arbitrary. There should be a chapter to follow, and guidelines for this aspect are being worked out.

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< p > Gao Zhen Ying said that the initial situation revealed that the broker made market funds reached tens of billions of yuan, and 1 months ago, about 150 companies expressly expressed willingness to adopt the way of market making pfer.

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< p > according to the introduction, the future bidding pfer method may be combined with the market stratification.

There are great differences in the registered capital and capital stock of new three Board companies. Different companies have different investment risks and suitable trading modes. Stratification is conducive to better play the market function.

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< p > Gao Zhen Ying said, "a href=" http://www.91se91.com/news/index_cj.asp "> stock pfer system < /a > the company is studying rich trading varieties.

The supporting business rules for the issuance and pfer of preferred shares are being worked out and are expected to be launched soon. The rules for bonds are also being worked out.

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< p > to raise the listing criteria for the national share pfer system through "window guidance" and so on. Sui Qiang, assistant general manager of the stock pfer system company, said that the national share pfer system creates an open and pparent market environment with self-discipline, efficiency, innovation and inclusiveness values. There is no "window guidance" to improve the listing standard.

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< p >, he said, in recent years, the stock pfer system has also heard that the intermediaries have improved the criteria for selecting enterprises on the basis of meeting the bottom line and information disclosure requirements of our company, and the stock pfer system respects the choice of marketization.

Whether the company can be recognized by the market does not depend on the pport authority, but on the market itself.

As a seller of the market, the host broker should focus on the value judgment and enterprise selection of stock sales, and focus on enhancing enterprise value and providing continuous service and supervision.

Based on the company's information disclosure documents, investors independently judge the investment value of the company and make investment decisions, giving full play to the market's role in selecting enterprises.

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< p > up to now, the share pfer system has not yet issued a letter of consent.

Since the issuance of the national share pfer system (business rules) (Trial Implementation) in February 8, 2013, a total of 2 applications for listed company have undergone multiple rounds of feedback and reply, and have applied for termination of the review because they do not meet the listing requirements.

This year, about 20 applications for listed company have been terminated.

For those enterprises that have been terminated, the national share pfer system will continue to arrange the review work in accordance with the principle of high efficiency and convenience after it has completed and improved the application materials.

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< p > for media reports, "the information disclosure chaos of new three Board companies is clumped, and the 118 listed company postpone the disclosure of the 2013 annual report". Sui Qiang said that according to the relevant rules, listed company should compile and disclose annual reports within 4 months from the end of each accounting year, and rationally determine the time of appointment disclosure of the annual reports according to the actual situation.

The 118 listed company mentioned in the report, which applied for delayed disclosure, have submitted applications for changes to the stock pfer system and have agreed. They have fulfilled their annual disclosure obligations before April 30th, and there is no violation.

The stock pfer system is stepping up its efforts to provide opportunities for listed company to understand and familiarise itself with information disclosure rules through various channels such as publicity and training, so as to give full play to market cultivation functions.

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