At the same time, the Shenzhen Stock Exchange said that it will officially launch the gem reform and pilot registration system related technical systems in the near future, and simultaneously open new data interfaces for trading and settlement. Since July 27, the new technology system has fully supported the market entities to carry out the relevant business needs such as online issuance of stocks and depository receipts, transaction settlement, margin trading and securities lending under the registration system.
This means that the growth enterprise market under the registration system has been gradually approaching. Industry insiders expect that the first batch of enterprises can be listed as soon as mid and late August, and the first batch of enterprises is estimated to be about 10. At that time, the price limit of gem shares will be adjusted from 10% to 20%.
Two new shares will be applied for next Tuesday
It is worth noting that Fengshang culture and Meichang shares were registered by the CSRC on Friday, and the prospectuses were disclosed only one weekend later, which can be said to be seamless connection.
Fengshang culture and Meichang shares had the highest issuance of 18.02 million shares and 4.01 million shares respectively.
It is understood that Fengshang culture and Meichang Co., Ltd. and its sponsor (the lead underwriter) will promote offline investors who meet the requirements by telephone or video. The fashion culture is scheduled to be 9:30-11:00, and Meichang shares is scheduled to be 14:00-15:00.
In terms of strategic placement, the two companies do not arrange strategic placement to other external investors, and the initial number of shares jointly invested by relevant subsidiaries of their sponsor institutions is 4% of the shares in this public offering. The difference between the final placement quantity and the initial placement quantity of strategic investors will be transferred back to offline issuance.
According to the public information, Fengshang culture is mainly engaged in cultural and creative industries, with creative design as its core. Its business scope covers creative, design and production services in various fields, such as large-scale cultural performance activities, cultural tourism performance, landscape art lighting and interpretation. From 2017 to 2019, the companys operating revenue was 206 million yuan, 573 million yuan and 912 million yuan respectively, and the net profit attributable to the parent company was 54 million yuan, 136 million yuan and 254 million yuan respectively.
Meichang Co., Ltd. is mainly engaged in the R & D, production and sales of electroplated diamond wire. The main product is electroplated diamond wire. At present, electroplated diamond wire is mainly used for cutting hard and brittle materials such as crystal silicon and sapphire. From 2017 to 2019, the companys operating revenue was 1.242 billion yuan, 2.158 billion yuan and 1.193 billion yuan respectively; the net profit attributable to the parent company was 678 million yuan, 1.024 billion yuan and 408 million yuan respectively.
Wang Jiyue, a senior investment banker, said that according to the relevant rules, the proposed IPO enterprises can complete the IPO within three weeks from the start of IPO to the completion of listing. According to this calculation, the first batch of enterprises may be listed in the middle and late August as soon as possible, and the first batch is estimated to be about 10.
Source: Shenzhen Stock Exchange
For new individual investors who apply for the trading authority of gem, the average daily asset volume of RMB 100000 in the account in the first 20 trading days and the trading experience of 24 months shall be added.
As of July 27, there were 319 IPO applications under the gem reform and pilot registration system. Among them, 26 enterprises submitted to the CSRC for registration, 84 enterprises entered the inquiry stage, and 6 enterprises were in the suspension state.
The schedule of the Municipal Committees deliberation meeting on the gem is also nonstop. Since the first review meeting held by the municipal Party Committee on July 13, the listing committee has successively held several deliberation meetings. The latest review meeting will be held on July 30 for the 11th meeting of the municipal Party committee. Almost every working day, the meeting of the municipal Party committee is scheduled.
Source: Shenzhen Stock Exchange
Relevant systems of Shenzhen Stock Exchange are ready
The registration system related to the gem trading and other technical systems are also ready.
On the 27th, the Shenzhen Stock Exchange announced that it had officially launched the gem reform and pilot registration system related technical systems recently, and launched new data interfaces for trading and settlement simultaneously. Since July 27, the new technology system has fully supported the market entities to carry out the relevant business needs such as online issuance of stocks and depository receipts, transaction settlement, margin trading and securities lending under the registration system.
It is understood that on July 25, the gem reform and pilot registration system technology customs clearance test and issuance business customs clearance test were successfully completed, and the technical system was successfully launched, marking that the relevant technology systems of the whole market are ready to be put into production and the issuance function is officially launched.
Secondly, the new issuance and listing audit business system was established, and the gem IPO audit information disclosure website and Shenzhen securities service app were launched simultaneously. Through technical means, the audit business was one-stop, process oriented and electronic, the key node system was controlled, and the business operation was kept on file to ensure that the audit work was strictly standardized, open and transparent.
In addition, we should strengthen the ability of science and technology supervision. The intelligent achievements in the construction of science and technology supervision platforms such as the new generation supervision system of Shenzhen Stock Exchange and the supervision portrait system of listed companies are used to realize the intelligent auxiliary functions such as listing audit, continuous supervision and transaction monitoring.
The Shenzhen Stock Exchange said that next, it will work with China Securities Clearing and China Securities Finance to continue to organize the whole network business drills and customs clearance tests for the use of registered stock trading business, so as to ensure the smooth implementation of the gem reform.