New Three Board First Trial Two Enterprises Successfully Passed Parallel Review Of Selection Layer Efficiency And Speed Up

In June 10th, the new third board market ushered in the first batch of enterprises that were considered by the national stock transfer system listing committee. On the same day, Yingtai bio and AI Rong software have passed the deliberation of the listing committee, and then they will enter the process approved by the SFC.

This means that the time from the select board trading is getting closer and closer, and this is obviously faster than the market expected.

"At present, all nodes can drive forward. The large probability of these enterprises passed in June 10th can be officially opened at the end of June. At this rate, the first batch of dozens of enterprises to complete the listing transaction at the end of July is not very difficult, which is also the goal of the national share transfer system. A broker dealer close to the stock transfer system in Beijing told reporters.

The selection layer will be opened.

In June 10th, the national stock transfer system convened the first board of the third board of the new board.

For all companies applying for the selected and publicly issued companies, the first selection will be of great reference significance. The process of the two companies' audit will be for the company that has applied for the selection.

In twenty-first Century, the economic report reporters learned that the "multi-point online meeting" method was adopted on the same day, that is, the representatives of the listing committee, the issuer and the sponsors choose the venues that meet the requirements of epidemic prevention, and are independent, closed, and can meet the conditions of network communication.

The relevant person in charge of the national stock transfer company told reporters that the deliberative meeting adopted the dual means of "technology + management" to ensure the true identity of the participants and the video conferencing system conforms to the requirements of confidentiality and compliance.

In fact, for the first time, there were no enterprises and investment bankers to come to the scene for the first time. There was a very big difference between IPO and the panel.

Although the market has generally believed that the first two companies will be a matter of certainty, but the same day the listing committee has raised many questions.

According to the reporters' combing, the Listing Committee put forward three and two problems respectively to two enterprises, and the directions of the problems were different. But both companies were asked about the problem of continuous operation ability, which is also the focus of the listing committee.

If the listing committee asks Yingtai to combine the company's operating conditions, financial status and the total amount of credit granted by financial institutions, the amount of usage, the period of validity, the conditions of use and the conditions of restriction, it will further explain the company's short-term and long-term debt paying risks and ask the sponsor to publish its verification opinions.

For AI Rong software, the listing committee requires the company to explain that compared with the same industry, the core competitiveness of the issuer, market development capability, technical barriers, and the net interest rate during the reporting period are significantly higher than those of the same industry.

For the two companies going smoothly, Peng Hai, director of the SME Service Department of the open source securities, said: "Ying Tai bio belongs to the listed company's subsidiary, and has a time advantage from the normative, and the overall audit time is faster. In addition, the first two enterprises from the body volume is far higher than the selected level of financial standards, financial data in the acceptance of the average number of enterprises, smoothly, there is actually no suspense.

6 days, 4 sessions

In June 10th, two new three Board companies successfully passed the meeting, and let the market have new expectations for the progress of the selection layer. Various signs also show that all parties in the market are racing against time to make progress.

Reporters noted that in June 10th, after the opening of the Select Committee, the deliberations will be intensive.

According to the current arrangement of the national share transfer system, including the day of June 10th, the new third board listing committee will convene four deliberations a week. It will consider the application of Yingtai biology, AI Rong software, ball cap cable, sharing technology, Long Tai home, Jia Xian stock, Bethel, Suzhou share and total 9 companies. Among them, on the weekend of June 13th and 14, the national stock transfer system also needs to work overtime to hold a deliberative meeting.

In the past few years, the pace of selection audit has been promoted. The audit cycle of the new three panels selected layer is much faster than that of general IPO and science innovation board.

For this reason, the reporter understands that at present, the basic requirements of selected layer materials are electronic declarations. After application, the declaration materials are automatically transferred to the censorship department through the BPM system, and enter the business examination section. "The electronic declaration and examination system has effectively played the supporting role of technology in business, improved work efficiency, and effectively reduced the burden of enterprises and intermediaries." Insiders from the national share transfer system said.

In addition, the companies that apply for the selected layers come from the innovation level, which is the internal stock declaration for the national share transfer system. Therefore, in the earlier stage of the company, the national stock transfer system has begun to track the company.

"The earliest node that the general company says to go to the selection layer is the board announces that we have started tracking the node. Equivalent to nearly a month ahead of the start of the pre censorship. Insiders of the national share transfer system told reporters.

At the same time, the intelligent monitoring system for information disclosure of new three boards developed by the national share transfer system has also played a crucial role.

"We have combed the problems that may exist in the selected layer declaration, and based on the full use of the function of the weapon system, we have developed specialized functional modules for the selection layer review, aiming at using advanced technologies such as artificial intelligence, and guided by risk discovery, to assist in the selective review work, to enhance the efficiency of the review and to improve the quality of the review." Insiders said that the national stock transfer system.

The source further revealed that many listed company had applied for IPO in the past, which caused a lot of information disclosure problems. "After sorting out, we think that the most prominent problems are the inconsistency between the declared IPO materials and the disclosure information of the periodic reports. The explanations for the changes in important financial subjects and indicators are not comprehensive and inadequate, and the financial reports may be whitewashed. Some of these problems need a lot of manual checking, which does not meet the requirements of the efficiency of the review. Some of them are deeper and need to be improved by means of technology. And through the sharp weapon system, we can quickly complete the targeted review.

In addition to improving the audit efficiency of the national stock transfer system, the reporter also learned that for the first batch of enterprises, the approval process of the SFC will also be speeded up.

After the two enterprises successfully completed the meeting, the national stock transfer system submitted the enterprise materials to the SFC to complete the approval. Reporters learned that the audit of the SFC will not take much time.

"For the first batch of enterprises, the SFC's public company and the share transfer system will adopt a parallel review. That is to say, when the national stock transfer system begins to examine the application materials of enterprises, the SFC's public company Department has intervened, which will greatly speed up the efficiency of audit." The securities brokers close to the national share transfer system said.

This also means that a number of enterprises that have been in the near future are expected to pass the approval of the SFC quickly, and will open the selective layer of public issuance by the end of June.

There is a hint from investment bankers that we should not take the first batch of enterprise audit tempo as the routine audited rhythm in the future. Reporters also learned that the parallel examination of the SFC and the national share transfer system will only appear in the first batch of enterprises.

"Ke Chuang plate to catch up with the progress of the first batch of opening, also shortened the process of audit in the early stage. The subsequent businesses resumed their normal rhythm, and the time for reporting materials to the market was 9 months to 12 months. It is expected that the national share transfer system will also be like this. A Hushang District insurance generation believed.

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