The New Three Board Reform Replicated The "Science Creation Board Speed" Selection Layer IPO Declared The Fastest Or Within The Month To Start.

Although the epidemic is continuing, the reform of the new three boards shows an accelerating trend.

In twenty-first Century, the economic report reporters learned from a number of securities dealers close to the regulatory level that the stock transfer system and a number of potential underwriting agencies are preparing for the reform of the selective layer. The application of the public offering (hereinafter referred to as "small IPO") for the transfer layer and non-specific qualified investors is expected to start within March.

Insiders expect that with the speed of preparations for all parties, the list of candidates for the listing committee is expected to be announced before and after the start of the declaration work, and the distance between the new third board selection enterprises and the market is entering the countdown.

Start within the fastest month

In twenty-first Century, the economic news reporter learned from a number of securities dealers that at present, the stock transfer system attaches great importance to the progress of the selection level reform, and when the parties are well prepared, the declaration work of the selected small IPO is expected to start in March.

"If there is no accident, we expect to start receiving materials this month. We are now planning to place the time for project declaration in this month, and we have to declare it at the latest in April." A broker from East China who launched small IPO projects said.

"We should pay more attention to the progress of the unit. If all goes well, we are ready to start the declaration in 3 and April and deliver the materials as soon as possible this month." A broker dealer in Southern China also revealed.

According to incomplete statistics of Wind data, up to March 10th, the number of selected companies has reached more than 50, but 30 of them have met the requirements of the selected layer.

According to the catalogue of application documents issued to the unqualified investors by the SFC, the declaring materials of the issuers and sponsors include the public issuance instructions, the relevant application authorization documents, the self-management documents, the materials of the relevant intermediary organizations, and the materials for the recruitment and investment.

However, the relevant declaration will not bring about the problem of staff aggregation. According to the regulations, the related declaration method is similar to the Chuang Chuang board, which is paperless submitted by the online censorship system.

"Although the epidemic has not subsided, the declaration will not bring personnel aggregation, or the paperless declaration method similar to that of Ke Chuang Chuang." The above Southern China investment bankers said, "at the beginning, it may not be submitted for the time being, but with the continuous progress of the review, it is estimated that the manuscript will need to be filled in the future."

At present, the share transfer reporting system has not yet been opened, but some analysts expect that the time for starting the declaration is approaching, and the list of candidates for the plug-in committee is expected to be announced.

"At present, the declaration system is not yet open, so the broker can not deliver materials, but the corresponding system construction and testing are already in preparation." A person close to the stock transfer system said, "there is also a candidate for the listing committee, and the preparation of candidates should be in progress."

If we refer to the experience of the science and technology board, the list of candidates for the listing committee should be similar to that of the selected enterprises. In March 21st last year, the list of candidates for the Listing Committee of the science and technology board was announced.

"Regulatory authorities also pay more attention to the progress of this reform, and in the communication with some brokerages, they have been concerned about the progress of the project." The source said.

In fact, the stock transfer system has been keeping a close eye on the reform projects at the selected level. For example, a sponsor broker is required to report the progress of the related projects every half a month since January 17th. In February 6th, the stock transfer system was notified again, requiring the broker to sort out the impact of the epidemic on the related projects.

"The reform of the system will take great importance to the reform of the system. Therefore, it is necessary to grasp the situation of participating in the reform project in time. This request is mandatory, and if it fails to be submitted regularly according to the notice, it will be taken the corresponding regulatory measures." A broker dealer close to the stock transfer system also said. According to the circular, the organizers who fail to submit the reports on time or fail to meet the requirements will be recorded in the negative behavior of practicing quality.

Speed up preparations

On the one hand, the declaration work is speeding up, and the other side supporting mechanism is also constantly improving.

Last Friday, the securities and Futures Commission issued the draft opinions on the guiding opinions on the transfer of listed company's share transfer system to SMEs.

According to the regulations, if the companies that have been listed for more than one year in a selected layer are satisfied with the listing requirements of the exchange, they will meet the requirements for the listing of the transfer board. As a result, the linkage mechanism from the new three boards to the Shanghai and Shenzhen stock exchanges was formally opened.

At the same time, the relevant supporting standards for the reform of the selection layer are also constantly coming out. For example, according to the exclusive disclosure of this newspaper, the Securities Association of China (hereinafter referred to as the China Securities Regulatory Commission) has recently consulted a number of securities companies on the issuance of the underwriting business norms of the small and medium enterprises share transfer system stock to non specific qualified investors.

Many brokers said frankly that the reform of the selection layer could be accelerated, and a number of system designs and arrangements were in line with the standard of the science and technology board. It did not exclude the earlier realization of the corresponding valuation bonus for the transfer layer enterprises. However, some investors also pointed out that the companies that had not announced the rush to select the layer immediately had the right conditions to get on the train. It is possible to become an earlier beneficiary.

"Some companies are only planning to change the floor, but there are no corresponding supporting documents. They are largely a bit of a rush. But if the company has announced a transfer layer, a detailed starting plan, a plan and the corresponding governance and improvement mechanism, it may have made more preparations." The former close to the stock transfer system said, "however, like the science and technology board, there is no concept of the first batch of selected layers. Declaration and acceptance are normally carried out according to procedures."

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