China News Service, Beijing, September 2 (Reporter Xia Bin) The China Securities Regulatory Commission issued a document on the evening of the 2nd. Shift the basic systems of the selection layer, insist that the companies listed on the Beijing Stock Exchange are created by innovative companies, maintain the "progressive" market structure of the new third board, the innovation layer and the Beijing Stock Exchange, and simultaneously pilot securities issuance registration system.
In the implementation process, we will focus on grasping a number of principles.
Specifically, we must stick to "one positioning."
The China Securities Regulatory Commission stated that the Beijing Stock Exchange firmly adheres to the market positioning of serving innovative SMEs, respects the development rules and growth stages of innovative SMEs, and enhances the inclusiveness and accuracy of the system.
We must handle the "two relations" well.
The China Securities Regulatory Commission pointed out that, first, the Beijing Stock Exchange, Shanghai and Shenzhen Stock Exchanges, and regional equity markets insisted on dislocation development and interconnection, and played a better role in listing on the transfer board.
The second is that the existing innovation layer and basic layer of the Beijing Stock Exchange and the New Third Board insist on overall coordination and system linkage to maintain a balanced market structure.
To achieve the "three goals."
The China Securities Regulatory Commission stated that the first is to build a set of basic institutional arrangements that fit the characteristics of innovative SMEs covering issuance and listing, trading, delisting, continuous supervision, investor suitability management, etc., to complement the shortcomings of the development of inclusive finance in the multi-level capital market. .
The second is to unblock the Beijing Stock Exchange's role as a link in the multi-level capital market, and form a complementary and mutually stimulating direct financing growth path for small and medium-sized enterprises.
The third is to cultivate a group of specialized and new small and medium-sized enterprises to form a benign market ecology featuring high enthusiasm for innovation and entrepreneurship, active participation of qualified investors, and responsibility of intermediary agencies.
The China Securities Regulatory Commission stated that it will guide the national equity transfer companies, strengthen coordination and cooperation with relevant parties, do a solid and detailed work on the formulation and release of the rules and regulations established by the Beijing Stock Exchange, technical preparations, etc., and promote the improvement of supporting policies to ensure the smooth launch of this reform , Smoothly implement, handle big things steadily and good things well.
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