In the pilot registration system: to encourage innovation of small and medium investors raised funds through other ways to participate in
Yesterday, the Commission said that in Shanghai set up branch board is to implement the innovation driven strategy and technology, to promote high quality development and support of Shanghai international financial center and technological innovation center construction of major reform measures, is an important arrangement based system to improve the capital market, to stimulate market activity and protect the legitimate rights and interests of investors.
Data figure Xinhua News Agency photo: Fang Zhe
The Commission said that the short board board to complete the capital market service innovation in science and technology innovation, incremental reform of the capital market, will be in terms of profitability, ownership structure more properly differentiated arrangements, enhance the adaptability and inclusive of innovative enterprises. In December 2015, the NPC Standing Committee on the implementation of the stock issuance registration system has been authorized, have sufficient legal basis in the branch board registration system pilot.
The Commission will guide the exchange for the innovative characteristics of enterprises, strengthen the innovation in management of investors in the assets, investment experience, risk tolerance, etc., to guide investors to participate in the. To encourage small and medium-sized investors raised funds through investment in innovation and other ways to participate in the development of innovative enterprises, share results. The Commission and the Shanghai Stock Exchange will be in accordance with the relevant national laws and regulations and policies, to improve the system of rules and regulations of the branch plate arrangement, especially learning from international successful experience, improve the information disclosure of listed companies, a good grasp of the intensity and pace of the pilot. At the same time, continue to promote the long-term incremental funds into the market, crack down on the issue of fraud and other illegal acts.