The small and medium-sized board of the Shenzhen Stock Exchange's main board will exceed 20 trillion yuan in consolidation today
With the approval of the China Securities Regulatory Commission, the
main board of the Shenzhen Stock Exchange and the small and medium-sized board formally merged today
.
In the future, the Shenzhen Stock Exchange will form a market structure dominated by the Main Board and ChiNext.
The securities category of the original small and medium board listed company was changed to "Main Board A shares", and the securities code and securities abbreviation remained unchanged.
Today (6th), three companies were listed on the Shenzhen Stock Exchange, becoming the first companies to land on the new main board of the Shenzhen Stock Exchange.
Optimize the sector structure to meet the financing needs of different companies
The relevant person in charge of the China Securities Regulatory Commission stated that the merger of the main board of the Shenzhen Stock Exchange and the small and medium-sized board will help optimize the structure of the Shenzhen Stock Exchange and better meet the financing needs of enterprises at different stages of development.
The overall arrangement for merging the main board and the small and medium-sized board of the Shenzhen Stock Exchange is two unifications and four unchanged. Two unifications refer to unified business rules and unified operation and supervision models.
The four constants refer to the unchanged issuance and listing conditions after the merger, the investor threshold remains the same, the trading mechanism remains the same, and the securities code and abbreviation remain unchanged.
Pi Liuyi, Deputy Director of the Marketing Department of the China Securities Regulatory Commission: The
main board and SME board of the Shenzhen Stock Exchange have exposed some problems in their development.
Such as the homogeneity of the sector and the long-term solidification of the main board structure, so the merger of the Shenzhen Stock Exchange main board and the small and medium-sized board is a problem-oriented reform move, which is conducive to optimizing the Shenzhen Stock Exchange's sector structure, forming a main board and GEM with their own focus and complementary development pattern.
To better meet the financing needs of enterprises at different stages of development, and to increase the service functions of the Shenzhen Stock Exchange.
Tian Lihui, Dean of the Institute of Financial Development of Nankai University: The
merger of the two boards allows large and medium-sized companies to be listed on the combined board, and small entrepreneurial and innovative companies to register and list on the ChiNext.
The merger of the two boards can gradually form a hero regardless of the size of the enterprise.
In this way, it is possible to clarify the level of listing, straighten out the relationship between sectors, simplify supervision, protect investors, and deepen the reform of the capital market.