2024-08-13
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Cailianshe News, August 13 (Reporter Lin Jian)In 2023-2024, the classification rating has continuously deducted points from securities firms with high IPO withdrawal rates, which has directly affected various regulatory indicators of securities firms. The withdrawal of rejections, which has become one of the typical phenomena in the IPO market in the past two years, will now be presented in a concentrated manner. Reporters learned that the China Securities Association is improving the negative evaluation disclosure mechanism for sponsors, and will increase the information on sponsors' withdrawal of rejection projects, which will be disclosed on the official website. Industry insiders said that the way investment banks evade by "withdrawing" is no longer advisable.
Currently, the sponsoring securities firms are submitting specific sponsorship rejection projects and basic information since the implementation of the A-share registration system through the investment banking business quality evaluation system. They will complete the submission of historical project information before August 18, and complete the submission of new rejection projects within five working days.
The picture shows the content of the notice
The China Securities Association requires that all sponsors submit timely, accurate and complete information, and carefully check the accuracy of the project information submitted in the investment banking business quality evaluation system, including the information of the sponsor representative and whether the reasons for project termination are filled in accurately. The China Securities Association said that the relevant information will serve as the main basis for the sponsor representative to withdraw or reject the project information disclosure, so it must be highly valued and organized for implementation.