Caixin Global – Latest China News & Headlines

Home >


CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

China’s State Asset Overseer Appoints New Director
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
Two ‘Big 4’ Banks Expected to Open Wealth Management Units in June
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
How to Find Illegal Lenders? Watch Who’s Taking Cases to the Courts
Pull the Brakes on New Gas Car Sales by 2030, Think Tank Tells Beijing
Hong Kong-Listed China Telecom Gets New Chief
Tencent Leads $250 Million Round in Chinese Travel Site Mafengwo
Cabinet Vows to Promote Debt-for-Equity Swaps to Relieve Debt
More Bidders Join the Race for $5.79 Billion Gree Stake
Regulators Halt High-Interest ‘Smart Deposits’: Sources
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
High-Tech Board Names and Shames Brokerage for Doctored Numbers
More Chinese Airlines Seek Compensation From Boeing Over 737 Woes
Draft Revision to Securities Law Adds New Section for High-Tech Board

By Han Wei / Apr 24, 2019 02:11 AM / Finance



A draft amendment to the Securities Law would add a new section on the coming Nasdaq-style high-tech board and its trial registration-based initial public offering mechanism, laying the legal groundwork for the new system.

A new chapter to the law would include special provisions on stock-issuance conditions, registration procedures and supervision of the new trading board, according to the official Xinhua News Agency

Companies listing on the new board, to be launched on the Shanghai Stock Exchange, will simply register their offerings, shifting away from the lengthy administrative approval procedure applied on China’s other boards. But the changes will require adjustments to China’s current laws and regulations, analysts said.

The draft revision to the Securities Law is under a third reading at the ongoing session of the Standing Committee of the National People's Congress, China's top legislature. The last reading of revisions to the Securities Law was in 2017.

Related: Legal Deadline Threatens Passage of Securities Law

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.