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IPO intermediaries face strict regulations: no fees based on listing results, prohibition of local listing incentives

2024-08-19

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cowryshellOriginal financial production

reporterXu Yuting

Editor: Chen Li

Intern Guo Xujun

8moon19On the day, the securities sector strengthened partially.8moon19At the close of the day, Northeast Securities rose2.06%, Shanxi Securities and Zhongtai Securities followed the rise.Some other securities firms' share prices were in the red, with Tianfeng Securities falling3.86%, Jinlong shares fell2.82%

Recently, the Ministry of Justice announced a notice for soliciting public opinions on the "State Council's Provisions on Regulating the Services Provided by Intermediaries for Public Issuance of Stocks by Companies (Draft for Comments)" (hereinafter referred to as the "Draft for Comments"). The relevant drafting instructions mentioned that some intermediaries, in the process of providing services for companies' public issuance of stocks, have linked their fees with the results of the company's stock issuance and listing, inducing financial fraud, fraudulent issuance and other problems. It is necessary to improve the relevant system and regulate the relevant charging behaviors.

Tian Lihui, Dean of the Institute of Financial Development at Nankai University,shellFinancial journalists pointed out that after the implementation of the new regulations, the IPO intermediary fee charging rules will be more standardized and transparent. In the long run, the new regulations will help improve the service quality of intermediaries and promote the healthy development of the capital market.