BEIJING, Jan. 7 (Xinhua) -- China Securities Regulatory Commission (CSRC) invited public opinions over amending the securities issuance and underwriting management rules from January 3, reported Xinhua Finance.
CSRC revised the third paragraph of the twelfth article of the rules, requiring that for those providing classified initial public offerings (IPO) allotments to offline investors, investors of the same type herein shall obtain the same proportion of IPO allotments.
Meanwhile, the proportions of IPO allotments to publicly-offered funds, social security funds, pension funds, annuity funds, insurance funds and qualified foreign institutional investors (QFII) herein shall be no lower than those for other types of investors.
But the concrete requirements over classified IPO allotments herein are subject to related regulations of securities exchange.
CSRC made the amendment to flesh out requirements of its previously issued eight measures on deepening reform of STAR Market, the Nasdaq-style science and technology innovation board in China, to better serve sci-tech innovation and develop new quality productive forces.
By February 2, 2025, the public opinion collection for the amendment to the securities issuance and underwriting management rules will conclude.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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