File photo shows an exterior view of the Shanghai Stock Exchange at Pudong New Area in Shanghai, east China. (Xinhua)
BEIJING, Feb. 1 (Xinhua) -- The China Securities Regulatory Commission (CSRC) started soliciting public feedback on the main rules of the across-the-board registration-based initial public offerings (IPOs) on Wednesday, officially kicking off the across-the-board reform.
The reform, with institutional arrangement basically fixed, will cover all national securities exchanges and all types of public offerings of stocks, as well as preferred stock, convertible corporate bonds and depositary receipts, said the CSRC.
The CSRC noted that the reform will optimize registration procedures, unify registration systems nationwide and fine-tune the supervision mechanism.
The essence of the registration-based reform is to leave the choice to the market, said the CSRC, adding that the review process is transparent and social supervision is accepted.
China first piloted the registration-based IPO system on the science and technology innovation board in 2019, and expanded it to the ChiNext board in 2020 and to shares on the Beijing Stock Exchange in 2021. ■
Target to lower prices on basic goods in response to inflation
California congressman urges closer consultation with tribes on offshore wind
We gifted President Xi a ticket for Mombasa
Xinhua Headlines: Xi's APEC Trip to Pilot China
A paragliding amateur aims to discover more beauty of Xinjiang
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
Holiday to see pickup in outbound travel
Devout Christian doctor, 68, who punched dementia
Ceremony of resumption of diplomatic relations between China and Nauru about to begin