所在位置: 查字典英语网 > 双语阅读 > 时事 > 国内英语资讯:1st LD-Writethru: China to prolong adjustment period of registration-based stock listing sys

国内英语资讯:1st LD-Writethru: China to prolong adjustment period of registration-based stock listing sys

发布时间:2019-10-18  编辑:查字典英语网小编

BEIJING, Feb. 23 -- China's top legislature plans to prolong a mandate, which allows the State Council to make adjustment for reforms that will change the stock listing system from approval-based to registration-based, for another two years to Feb. 29, 2020.

The draft decision was submitted to a session of the Standing Committee of the National People's Congress (NPC), the top legislature, for review on Friday.

The Standing Committee of the NPC authorized the State Council on Dec. 27, 2017 to adjust rules based on the securities law to allow the stock listing system to be changed from approval-based to registration-based. The changes will expire Feb. 28, 2018.

The proposed extension aims to maintain the consistency of the policy and avoid doubt in the market, while gaining practical experience for securities law amendment, said Liu Shiyu, chairman of China Securities Regulatory Commission (CSRC), the top securities regulator.

Under the current IPO system, new shares are subject to approval by the CSRC.

China is gradually switching from an approval-based IPO system to a more market-oriented system based on registration.

The CSRC will continue to push forward registration-based stock listing reform and will submit a detailed plan to the State Council when the market is ripe for implementation, according to Liu.

The authorities will strengthen supervision to guard against and defuse risks to protect investors' rights, Liu added.

查看全部
推荐文章
猜你喜欢
附近的人在看
推荐阅读
拓展阅读
大家都在看

分类
  • 年级
  • 类别
  • 版本
  • 上下册
年级
不限
类别
英语教案
英语课件
英语试题
不限
版本
不限
上下册
上册
下册
不限