Did China approve 4 companies' IPOs on Science & Technology Innovation Board?

China's securities regulator has approved four companies' initial public offerings (IPOs) on the science and technology innovation board. [Photo/Sipa] BEIJING -- China's securities regulator has approved four companies' initial public offerings (IPOs) on the science and technology innovation board.

What is the SSE IPO Review Center?

In the past month, the listing review center of the SSE has carefully reviewed the application documents submitted by the issuers in accordance with the basic requirements for launching the Sci-tech Innovation Board and piloting the Registration-based IPO System.

Who is responsible for IPO issuance and listing?

Under the pilot registration-based IPO system, the SSE will assume the responsibility for reviewing the issuance and listing of stocks. What basic ideas have been adhered to in the institutional arrangements for the review of issuance and listing?

How to prepare for the pilot registration-based IPO system?

In the preparation for the pilot registration-based IPO system, we attached importance to improving the market-driven stock issuance and underwriting mechanisms, and made efforts in adjusting and optimizing the principles, standards, mechanisms and procedures of the issuance and listing review.

How to implement registration-based IPO system?

The registration-based IPO system shall be implemented if the M&A and reorganization on the science and technology innovation board involves the issuance of stocks. With the M&A and reorganization reported to the CSRC for registration after being reviewed and approved by the SSE, the implementation process is more efficient and convenient.

Should a Sci-Tech Innovation Board disclose a prospectus?

Compared with other boards, the Sci-tech Innovation Board should attach more importance to the disclosure of the matters related to the sci-tech innovation in the prospectuses, but at present quite a few companies have the problem of insufficient disclosure.