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SZSE: reducing the cost burden of Listed Companies in Hubei Province

category:Finance
 SZSE: reducing the cost burden of Listed Companies in Hubei Province


The third is to appropriately relax the time limit related to M & A and restructuring business. According to the relevant requirements of the notice on further strengthening financial support to prevent and control the new coronavirus infection pneumonia epidemic, the validity period of the financial information of the administrative license for merger and reorganization of listed companies and the time limit for issuing the notice of convening the general meeting of shareholders after the disclosure of the plan for merger and reorganization shall be appropriately extended.

Fourth, support listed companies to hold online investor briefing. The listed company is encouraged to hold an investors explanation meeting or annual performance explanation meeting in accordance with the regulations, introduce the companys operation, communicate with investors, guide investors to invest rationally, and SZSE will provide necessary assistance to the listed company.

Fifth, investors are encouraged to vote at the shareholders meeting through the Internet. In order to prevent the spread of the epidemic and protect the health of investors, shareholders of listed companies are encouraged to participate in the meeting by means of online voting, and SZSE is exempt from the fees for online voting services of listed companies registered in Hubei Province in 2020. During the epidemic prevention and control period, if the listed company really needs to hold the shareholders meeting on site, it should do a good job in meeting organization and guarantee, and effectively protect the health and safety of participants.

Sixth, encourage listed companies to actively fulfill their social responsibilities. The listed companies should actively fulfill their social responsibilities and take effective measures to support the epidemic prevention and control work in combination with the actual production and operation. Listed companies performance of social responsibility related information disclosure will be an important evaluation index of annual information disclosure assessment.

During the period of epidemic prevention and control, the circular made four arrangements for the underwriting business of stock issuance and the listing cultivation service. The first is to handle the stock issuance and listing business through off-site way. In principle, the issuer and the lead underwriter shall submit the application documents for issuance and listing to SZSE by mail. The second is to cancel the on-site link of the listing ceremony, sign the listing agreement between Shenzhen Stock Exchange and the issuer by mail, and support the issuer to complete the additional listing ceremony after the elimination of the impact of the epidemic. Third, reduce the cost burden of Listed Companies in Hubei Province. The initial listing fee and annual listing fee of listed companies registered in Hubei Province in 2020 are exempted. Fourth, we will continue to do a good job in market cultivation and service through online consultation, remote video, online training and other ways of listing app, and actively provide convenient, professional and targeted market services. We will increase support for market cultivation services in Hubei and other areas with relatively severe epidemic situation, and actively cooperate with local governments and enterprises to be listed to provide listing services.

For the fixed income business, the circular proposes to set up a special service channel for business consultation, appropriately relax the time limit for the issuance of bonds and asset-backed securities, encourage and cooperate in the off-site handling of related businesses, and actively cooperate with the Shenzhen Stock Exchange to do a good job of local government general bonds in accordance with the relevant deployment of the Ministry of Finance and the arrangement of the governments in Hubei Province and other regions with relatively serious epidemic situation The issuance business, technical support and service work of bonds and special bonds; for the bonds and asset-backed securities mainly used for epidemic prevention and control as well as the issuance of enterprises in severe epidemic areas, a green channel for issuance audit shall be established, the working process shall be optimized, and special docking and special audit shall be implemented.

In terms of fund business, the notice clearly supports fund liquidity service providers to carry out business in an orderly manner. If the liquidity service business cannot be carried out normally due to epidemic prevention and control, it can apply to SZSE for exemption from the liquidity service rating assessment for a period of time according to the actual situation. As for the newly developed option business, the notice proposes to set up a special service channel for business consultation, encourage the option business institutions to do well in off-site account opening services, and support the option business institutions to do well in option risk management, market maker management and reporting business arrangements. In addition, the notice also makes corresponding arrangements for agreement transfer, assistance in law enforcement, hearing and review business and investor service business, handles relevant business through off-site way, advocates rational investment, and calls on investors to exercise shareholders rights, consult relevant information and participate in securities trading through off-site way such as network and telephone as much as possible during epidemic prevention and control period, and objectively analyzes this Second, the impact of the epidemic, Prudential development of securities investment. Source: responsible editor of Securities Daily: Yang qian_nf4425

In terms of fund business, the notice clearly supports fund liquidity service providers to carry out business in an orderly manner. If the liquidity service business cannot be carried out normally due to epidemic prevention and control, it can apply to SZSE for exemption from the liquidity service rating assessment for a period of time according to the actual situation.

As for the newly developed option business, the notice proposes to set up a special service channel for business consultation, encourage the option business institutions to do well in off-site account opening services, and support the option business institutions to do well in option risk management, market maker management and reporting business arrangements.

In addition, the notice also makes corresponding arrangements for agreement transfer, assistance in law enforcement, hearing and review business and investor service business, handles relevant business through off-site way, advocates rational investment, and calls on investors to exercise shareholders rights, consult relevant information and participate in securities trading through off-site way such as network and telephone as much as possible during epidemic prevention and control period, and objectively analyzes this Second, the impact of the epidemic, Prudential development of securities investment.