Details of the implementation rules for the implementation of the market trading business of science and technology board

Xinhua News Agency, Shanghai, July 16 (Reporter Pan Qing) In order to further promote the establishment of science and technology boards and pilot the reform of the registration system, and improve the science and technology board trading system, the Shanghai Stock Exchange issued relevant rules and supporting business guidelines on the 15th to science and technology innovation Board the market transaction business makes more specific and detailed transactions and regulatory arrangements.

The "Implementation Opinions on the Establishment of Science and Technology Board and Pilot Registration System on the Shanghai Stock Exchange" announced in January 2019 proposes that on the basis of bidding transactions, the city business mechanism is introduced when the conditions are mature.

The relevant person in charge of the Shanghai Stock Exchange stated that since the opening of the Science and Technology Board for 3 years, it has steadily piloted the registration system and coordinated the reform of basic systems such as distribution, listing, information disclosure, transactions, and delisting. Various system arrangements have undergone market inspections. The launch of the science and technology board as a market business mechanism is an important measure to continuously improve the capital market basic system and further play the role of the "test field" of the science and technology board reform. At present, the introduction of the market business mechanism will help further improve the liquidity of the science and technology board stocks, enhance the enhancement Market toughness and better promote the construction of the sector.

On the basis of publicly soliciting opinions from the market, the Shanghai Stock Exchange issued and implemented the "Implementation Rules for the Implementation of the Shanghai Stock Exchange Science and Technology Innovation Board Stocks of the City of Science and Technology" and the "Shanghai Stock Exchange Stock Exchange Business Guide No. 8 -Science and Technology Board Stocks are market ". The "Implementation Rules" has 5 chapters and 28 articles, the main contents include:

Clarify the application and termination of the city service. Science and Technology Board Stock Application Application adopts a filing system, and securities companies that have obtained listed securities as a market transaction business can provide a market service for specific science and technology board stocks after the registration of the market.

Clarify the rights and obligations of municipal businessmen. Municipal merchants should meet the relevant requirements of the Shanghai Stock Exchange on the Shanghai Stock Exchange. The Shanghai Stock Exchange regularly evaluates the city merchants, and gives measures such as actively performing obligations to provide appropriate reduction in transaction costs;

Clarify the supervision and management of city merchants. Municipal merchants should improve risk management and internal control systems, establish risk prevention and business isolation mechanisms, and ensure that compliance and orderly development of the city trading business.

The relevant person in charge of the Shanghai Stock Exchange stated that the next step will be actively promoted by the China Securities Regulatory Commission to actively promote the related work of the science and technology board to do the market business mechanism, and continue to promote the high -quality development of the science and technology board market.

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