The Rumor Related To Registration System Has Attracted The Attention Of The Market.

In late last month, there was news that the registration system was expected to arrive ahead of schedule. During the period, the State Council authorized the precedents of the State Council to launch the post amendment law.

Recently, Bloomberg reported that Reuters, citing reports from two unnamed people familiar with the matter, is prepared to announce the recent announcement of the registration scheme for IPO to the United States.

In view of the fact that the former has experienced a continuous market blow for the past year, investors have already had a preliminary understanding of the registration system. However, under the influence of various voices, investors have misunderstood the registration system, and even interpreted it as an excuse for mad money.

In view of the latter, although the market has repeatedly mentioned the registration system in recent years, the relevant supporting measures are not perfect, and as the legal basis of registration system, the securities law has not been really modified and perfected, which has also delayed the arrival of the registration system.

It is worth mentioning that this happened between 6 and July this year.

The revision of the securities law has encountered an awkward situation of stagnation.

Today, with the delay of the second instance and the three instance of the amendment to the securities law, the time for the final revision of the securities law will have to be postponed until next year. In principle, the registration system has to be postponed until the middle and next part of next year.

However, judging from the recent news of the market, there seems to be another solution.

Specifically, the relevant people began to discuss the possibility of registration ahead of schedule.

Among them, the most controversial argument is that the State Council has authorized precedents, and then it can first introduce the post amendment law, thereby avoiding the embarrassment of the delay in the revision of the securities law.

It is undeniable that in China, there were precedents authorized by the State Council.

However, to this day, if we continue to follow the State Council's first authorization and wait for the policy to be launched, we will still have a way of making haste to achieve success.

In this regard, if blindly adopted this way, it will profoundly affect the credibility of future related laws, thereby reducing the ultimate effect of the full implementation of the law.

Obviously, when the registration system falls to the ground, without the simultaneous implementation of the above supporting measures, the final implementation effect of the registration system will also be greatly reduced.

In this regard, I believe that the introduction of the registration system, after all, is a major reform initiative.

Therefore, it should not be too impatient for its implementation.

So far, in the "

As the work of revision and improvement has not yet been completed, we can continue to improve relevant supporting measures and further create a more favorable market environment for the future registration system, so as to minimize the impact on the market caused by the introduction of the future registration system.

At present, our country is facing the critical time of economic pformation. At the moment, the difficulties of financing and financing are deeply affecting the development needs of tens of thousands of enterprises.

At this point, thinking from the perspective of management, with the full spread of registration system, will greatly enhance the direct financing function of China's capital market, which is one of the most strategic initiatives at present.

Obviously, compared with the previous approval system, the introduction of the registration system will further strengthen the core of market-oriented reform, which will strike a fundamental blow to the chaos of power rent seeking and black box operations in the past, and at the same time, will greatly enhance the efficiency of the capital market, thus bringing about tremendous changes in China's capital market.

However,

The ultimate landing is not only beneficial.

On the contrary, for the two tier market, with the sharp decline in market access threshold, the market supply will be further increased in the future, which will bring some impact on the market.

At the same time, it will also significantly reduce the value of shell resources of listed companies, and it can be regarded as a fatal shock for the loss of junk stocks.

However, with the arrival of this brand new distribution model, the market still needs a lot of supporting measures to cooperate.

For example, we should speed up the revision and improvement of the securities law, enhance the illegal cost of the market, enhance the overall market delisting rate, and strengthen the responsibilities of intermediary agencies.

In addition, the more crucial thing is to further strengthen the regulatory level of post supervision of regulators. At the same time, we need to enhance the efficiency of law enforcement by regulators, and establish a favorable regulatory environment for the full spread of registration system.