China News Service, July 5th: China Securities Association issued a restricted list of IPO offline investors. 2 institutions were named
China-Singapore Finance reporter Chen Kangliang
The Securities Association of China (CSRC) on the 5th issued an announcement on the restricted list of offline investors in initial public offerings (IPOs).
The announcement stated that in order to regulate the quotation behavior of offline investors and maintain the order of new share issuance, according to the "Administrative Rules for Offline Investors in Initial Public Offerings under the Registration System" and "Guidelines for the Classification, Evaluation and Management of Offline Investors in Initial Public Offerings under the Registration System" ”, the China Securities Association has decided to include the offline investors who violated the above rules when participating in the offline inquiry of registered IPO projects found in the special inspection on the restricted list.
According to the announcement, the institutions included in the restricted list are Shanghai Dapu Asset Management Co., Ltd. and Shanghai Ruitian Investment Management Co., Ltd.
The restriction period for both institutions is from July 6, 2022 to August 5, 2022.
According to public information, entering the restricted list means that during the restricted period, the institution shall not participate in the offline inquiry and placement of related projects on the Science and Technology Innovation Board, ChiNext, and the Main Board.
And after the period of being included in the restricted list expires, those who intend to continue to carry out the new stock inquiry business shall apply to the China Securities Association for registration again.
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