Financials May 14, 2021 05:57 PM (GMT+8) · EqualOcean
The Securities Regulatory Commission (CSRC) has drafted the "guidelines for the supervision of unlisted public companies No. X - special provisions on the issuance of stocks of selected listed companies (for Trial Implementation)", which is now open to the public for opinions. In accordance with the concept of "small amount, fast, flexible and diversified", the regulations have formed a distinctive institutional arrangement, put forward requirements for the number of issues and the management of raised funds, established a linkage mechanism between the issue price of new shares and the transaction price of the secondary market, and made clear the issue pricing mechanism of "taking bidding as the principle and taking direct pricing as the exception".

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