Shenzhen stock exchange issues documents to make a good connection between new and old refinancing under gem registration system

category:Finance
 Shenzhen stock exchange issues documents to make a good connection between new and old refinancing under gem registration system


First of all, if a listed company applies for a simple procedure to issue shares to a specific target, it shall ensure that it complies with the administrative measures for the registration of securities issuance of companies listed on the growth enterprise market (hereinafter referred to as the refinancing registration measures), the examination rules for securities issuance and listing of companies listed on the growth enterprise market of Shenzhen Stock Exchange (hereinafter referred to as the refinancing examination rules), and the creation of Shenzhen Stock Exchange Detailed rules for the implementation of securities issuance and underwriting business of listed companies on the market. This is the first condition for the application of summary procedure in refinancing of listed companies.

Finally, the circular emphasizes that listed companies should reasonably determine the financing scale, improve the efficiency of the use of raised funds, and make good use of capital market financing tools in combination with the actual financing needs.

The above-mentioned investment bankers stressed that the circular weakens the restriction of individual sponsor and delisting risk warning, is a supporting measure to promote the registration system reform, and also expresses the original intention to support the real economy. At the same time, the circular stressed that listed companies should use financing tools reasonably, not abuse simple procedures, and supervision is everywhere.