According to the introduction, the improper behavior of the SSE focused on self-discipline supervision measures is mainly due to the nonstandard, lax and industrious behavior of relevant market entities in the preparation of application documents such as prospectus of science and technology innovation board and in the review and inquiry reply.
According to the Shanghai Stock Exchange, the adoption of self regulatory measures for the above-mentioned misconduct is based on careful verification of the facts and strict implementation of the self regulatory procedures, mainly following two principles: first, distinguish the circumstances and seek truth from facts. The second is to deal with the problems by classification and implement the responsibilities.
Shanghai Stock Exchange emphasizes that the audit of issuance and listing under the registration system adheres to information disclosure as the core and strives to present the real company in front of the market. This first requires the issuer to be clear and the intermediary to be clear. The SSE will continue to require the issuer to ensure that the information disclosure is true, accurate and complete, and bear the first responsibility while carrying out the strict open inquiry audit; it will continue to tighten the responsibility of the intermediary, urge the intermediary to verify the truth, accuracy and integrity of the information disclosure, and bear the responsibility of check.
Source: responsible editor of Securities Daily: Yang qian_nf4425