News Snapshot:
To further optimize the pricing mechanism for issuance of new stocks and facilitate an orderly interaction between buyers and sellers, SZSE released the Implementation Rules on the IPO Stock Issuance and Underwriting Business on the ChiNext Board (hereinafter referred to as the Implementation Rules on IPO) with the approval of China Securities Regulatory Commission (“CSRC”) on September 18. Effective from the date of release, the Implementation Rules on IPO will be applied when issuers publish a stock issuance proposal or a prospectus or initiate stock issuance. The revision to the Implementation Rules on IPO mainly involves four aspects. First, SZSE...
