The SFC Has Made Clear The Relevant Regulatory Arrangements For The Rights Issue Of Shanghai And Hong Kong'S Listed Companies.

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The small editor of the shoes and cap net introduces the regulatory arrangements of the shares of the listed company under the SFC's civilization and the Shanghai port.

With the opening date of Shanghai and Hong Kong is approaching, relevant regulatory rules are also being announced.

14, at a press conference of the China Securities Regulatory Commission, a securities and Futures Commission spokesman said that the China Securities Regulatory Commission recently issued the "Regulations on the filing of shares of Hong Kong listed companies under the Hong Kong stock market to the original shareholders of the territory," and further clarified Hong Kong listed companies's related matters concerning the allocation of shares to mainland investors.

It is understood that the two sides handled the Shanghai and Hong Kong Securities Regulatory Commission

The relevant issues will follow the three principles of reciprocity, mutual trust and supervision, and do not significantly increase the additional burden of listed companies, so as to regulate the activities related to the rights issue of Listed Companies in Shanghai and Hong Kong, and effectively protect the legitimate rights and interests of investors.

A spokesman for the China Securities Regulatory Commission (CSRC) said that the regulations on the filing of shares by Hong Kong listed companies under the Hong Kong stock market to the original shareholders of the territory were mainly clear about the procedures of the Hong Kong listed companies through the Shanghai and Hong Kong through the rights issue, the form of submission of materials and the way of auditing.

However, the spokesman also said that due to technical system reasons, the Shanghai and Hong Kong through the opening stage, for Hong Kong listed companies shares and public offering (public placement), mainland investors in the proportion of the original shareholders declared, will not participate in the Hong Kong shares allotment of excess declaration.

In addition,

In consultation, A share listed companies also need to issue shares to investors in Hongkong through Shanghai and Hong Kong.

The China Securities Regulatory Commission has announced the specific rights issue process and the required documents and fees.

"Next, the SFC will further improve the relevant regulatory arrangements, protect the legitimate rights and interests of investors, and ensure the smooth operation of Shanghai and Hong Kong through the practice of the rights and interests of Listed Companies in Shanghai and Hong Kong," he said.

The spokesman said.