The conditions for the whole market to implement the registration system gradually meet the requirements of the main board reform

category:Finance
 The conditions for the whole market to implement the registration system gradually meet the requirements of the main board reform


He Nanye said that at present, the registration system reform of the science and technology innovation board and the growth enterprise market has made the following major achievements: first, it has promoted the listing of many emerging companies in science and technology, medical and other industries, and helped the development of Chinas emerging science and technology industries; second, it has increased the inclusiveness; at the same time, the listing efficiency of enterprises has been improved, and the listing cost and uncertainty have been significantly reduced; third, it has provided the A-share comprehensive implementation of the registration system For reference, there is no price limit in the five days before listing, and the daily rise and fall is increased to 20%, which is conducive to the comprehensive improvement of Chinas A-share trading system.

When it comes to the background of implementing registration system in the whole market, what conditions should listed enterprises have? Zhu Yiyi believes that listed companies should have better corporate quality, better corporate governance and more comprehensive information disclosure system. For the market, on the one hand, the registration system reform emphasizes the importance of information disclosure, and the regulatory authorities will also take more stringent punishment measures for information disclosure violations. On the other hand, from the perspective of investors, improving the quality of listed companies and information disclosure is conducive to solving the problem of information asymmetry between investors and management of listed companies, helping investors make value judgments and investment decisions, and enhancing investors trust in the market.

He Nanye believes that the registration system reform of the main board and the small and medium-sized board is to pay attention to the system connection with the science and technology innovation board and the growth enterprise market; the second is to give more resources to the growth oriented enterprises and the high-quality enterprises facing the future, so as to promote the transformation and upgrading of Chinas economic structure; the third is to improve the system and prevent the occurrence of systematic transaction risks, The main board, small and medium-sized board is a larger market, the existing enterprise capacity is large; fourth, we should pay attention to investor protection. Zhu Yiyi said that in the future, in the process of implementing the registration system reform on the main board and the small and medium-sized board, in addition to the core issues such as information disclosure and investor protection, attention should also be paid to the differences between the main board and the small and medium-sized board, the difference between the main board and the small and medium-sized board, the difference between the main board and the small and medium-sized board, the comprehensive index and market value of the listing should be made according to local conditions, and at the same time, the registration system should be properly applied to the whole capital Under the influence of the virtuous circle of the market ecosystem, through the complete delisting system, we can ensure that the market has entry and exit and survival of the fittest. Source of this article: Yang Qian, editor in charge of Securities Daily_ NF4425

He Nanye believes that the registration system reform of the main board and the small and medium-sized board is to pay attention to the system connection with the science and technology innovation board and the growth enterprise market; the second is to give more resources to the growth oriented enterprises and the high-quality enterprises facing the future, so as to promote the transformation and upgrading of Chinas economic structure; the third is to improve the system and prevent the occurrence of systematic transaction risks, The main board, small and medium-sized board is a larger market, the existing enterprise capacity is large; fourth, we should pay attention to investor protection.

Zhu Yiyi said that in the future, in the process of implementing the registration system reform on the main board and the small and medium-sized board, in addition to the core issues such as information disclosure and investor protection, attention should also be paid to the differences between the main board and the small and medium-sized board, the difference between the main board and the small and medium-sized board, the difference between the main board and the small and medium-sized board, the comprehensive index and market value of the listing should be made according to local conditions, and at the same time, the registration system should be properly applied to the whole capital Under the influence of the virtuous circle of the market ecosystem, through the complete delisting system, we can ensure that the market has entry and exit and survival of the fittest.