Financials Sep 18, 2021 09:32 PM (GMT+8) · EqualOcean
Financial Associated Press, September 18 (Xinhua) -- the Shenzhen Stock Exchange revised the detailed rules for the implementation of securities issuance and underwriting of initial public offerings on the gem. The revision of the rules for the implementation of the first round mainly includes four aspects: first, improve the high price elimination mechanism and adjust the high price elimination ratio from no less than 10% to no more than 3%; Second, cancel the requirement that the IPO pricing is linked to the purchase schedule and the number of special announcements on investment risk; Third, strengthen the supervision of inquiry and quotation, clarify the normative requirements, violations and regulatory measures of offline investors when participating in inquiry, and report to the CSRC for investigation or criminal responsibility by judicial organs according to law if they are suspected of violating laws and regulations or the provisions of the CSRC; Fourth, it is connected with the revision of the China Securities Association's code for underwriting initial public offerings under the registration system, and cancels the relevant requirements that the issue price exceeds the valuation range of the investment price report and the difference needs to be explained.

This text is a result of machine translation.