IPO Rules Are Expected To Be Announced Soon.

29, was informed that the initial public offering shares Underwriting management practices, independent placement rules and online investor record management rules are expected to be released soon. The "nine new countries", which contain specific reform measures, have been revised, and the policies on private market development and capital market liberalization will bring benefits to the market.

According to people who participated in the first training course of the sponsor representative in 2014, according to the new IPO Under the matching rules, the Underwriters shall not predict the valuation interval of each share or the transaction price of the two tier market. Underwriters are responsible for the verification of whether the investors are eligible or not.

The underwriting rate of the new share shall not be higher than that of the old stock. The rules also put forward Blacklist system The investors and institutions under the net will be punished according to different circumstances and need to be renewed after the expiration.

Only the investors who record and the products they manage can participate in the quotation and purchase under the net. The rules will classify the investors under the net. The proportion of the allotment of the same investors is the same, and the allotment ratio of public offering, social security, annuity and insurance should not be lower than those of other investors.

Insiders said that it is expected that the investors will be accepted in the early May. With the release of the IPO rules, it is expected that unlisted companies will be listed in May. It is estimated that the pace of audit will not be too fast, and it will be more likely to arrive at five every Thursday.

According to the new securities issuance and underwriting management regulations and relevant provisions, the number of new shares issued in principle is larger than the number of old shares transferred; if only the war commitment commitment has been locked for more than 12 months, the number of old shares transferred by the announcement must not exceed the number of war promises; the purchase does not distinguish between new shares and old stocks, and only requires special marks for the number of shares that are voluntarily committed.