China News Service, Beijing, December 11 (Reporter Xia Bin) According to media reports, recently several companies on the Sci-tech Innovation Board and Growth Enterprise Market have been suspended. The Shanghai and Shenzhen Stock Exchanges have queued up to review more than 500 companies. IPO tightening signal.
China Securities Regulatory Commission spokesperson Gao Li responded on the 11th, saying that there is no deliberate tightening of the IPO situation.
Gao Li said at a regular press conference in Beijing that the development of direct financing is an important mission of the capital market.
In recent years, the reform and development of China's capital market has accelerated significantly. The establishment of the Science and Technology Innovation Board and the pilot registration system have been successfully implemented. A number of major reforms such as the Growth Enterprise Market and the New Third Board have been launched, and direct financing has shown a positive trend of accelerated development.
Gao Li revealed that as of the end of September 2020, the stock of direct financing reached 79.8 trillion yuan (RMB, the same below), accounting for about 29% of the stock of social financing.
Among them, during the "13th Five-Year Plan" period, new direct financing was 38.9 trillion yuan, accounting for 32% of the increase in social financing over the same period.
"IPO is the entrance to direct financing. I will attach great importance to the importance of IPO in increasing the proportion of direct financing." Gao Li said that some companies have been suspended recently. According to our understanding, the decision is made by the exchange in accordance with laws and regulations. There are cases of deliberately tightening IPOs.
At the same time, companies that intend to go public should abide by the regulations of the capital market, strive to improve corporate governance and the quality of information disclosure, and work together to build a high-quality group of listed companies.
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