Shanghai Stock Exchange: New participants in convertible bonds need to meet the "2 -year transaction experience+10,000 yuan assets"

Zhongxin Jingwei, June 17th. On the 17th, the Shanghai Stock Exchange website issued a notice on matters related to the appropriate management of bonds in convertible corporate bonds. The notice proposes that the purchase and transaction of the convertible bonds issued by individual investors to unspecified objects shall meet the following conditions at the same time: the asset days in the securities account and capital account of the 20 trading days before the application permissions are opened, Yuan; participating in securities transactions for more than 24 months. This notice will be implemented on June 18, 2022.

The notice proposes that members should establish an appropriate management system for convertible bonds, evaluate investors' risk awareness and tolerance, and comprehensively introduce investors to the characteristics of convertible bonds and institutional rules to fully reveal investment risks. Investors should fully understand and understand the risk matters, laws and regulations, and the business rules of the convertible bonds, combine their own risk awareness and tolerance, and carefully judge whether they participate in related businesses.

The purchase and transaction of the convertible bonds issued by individual investors to unspecified objects shall meet the following conditions at the same time: the asset days within the first 20 trading days of the application permissions are not less than RMB 100,000 (no Including the investor's funds and securities through financing and securities); participating in securities transactions for more than 24 months. This notice has been issued before the implementation of the convertible bond transaction permissions issued to unspecified objects, and individual investors who have not been sold are not applicable to the previous paragraph.

If ordinary investors participate in the purchase and transactions of convertible bonds issued to unspecified objects, they shall sign the "Discovery Book of Investment Risks of Convertible Companies Issuing to Incant Objects" by paper or electronic. Investors who participate in the transfer of convertible bonds issued to specific objects shall be professional investors who meet the conditions stipulated in the "Administrative Measures for the Proper Management of Securities Futures Investors".

The controlling shareholder, actual controller, and shareholders, directors, supervisors, and senior managers who hold more than 5%of the shares of the listed company participating in the purchase, transaction, and transfer of the company's convertible bonds will not apply. Regulation.

Members should conscientiously implement the requirements of this notice and complete the relevant technical transformation as soon as possible. Before the completion of the technical transformation, members should be opened in a reasonable way to handle convertible claims to ensure that investor rights are not affected.

This notice will be implemented on June 18, 2022. If other business rules of the institute are inconsistent with the provisions of this notice, this notice shall prevail. (Zhongxin Jingwei APP)

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