Science and Technology Board Stocks are published in the city trading business rules, and the service application adopts the filing system

Zhongxin Jingwei, July 15th. On the 15th news of the official WeChat signal of the Shanghai Stock Exchange, the Shanghai Stock Exchange issued the science and technology board stocks as the city trading business rules and supporting business guidelines.

The Shanghai Stock Exchange stated that in order to implement the "Implementation Opinions on the Establishment of Science and Technology Board and Pilot Registration System on the Shanghai Stock Exchange" (hereinafter referred to as the "Implementation Opinions"), in -depth promotion The system, under the guidance of the China Securities Regulatory Commission, 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 Shanghai Stock Exchange" (hereinafter referred to as the "Implementation Rules") and the Shanghai Stock Exchange Securities Trading Business Guide No. 8 -Science and Technology Board Stocks "", make more specific and detailed transactions and regulatory arrangements for the science and technology board trading business.

The Shanghai Stock Exchange pointed out that the launch of the science and technology board's market business mechanism is an important measure to continuously improve the capital market's basic system and further play the role of the "test field" of the science and technology board reform. The "Implementation Opinions" proposes that on the basis of bidding transactions, the city business mechanism is introduced when the conditions are mature. In the three years since the opening of the science and technology board, it has steadily piloted the registration system, coordinating the reform of basic system reforms, listing, information disclosure, transactions, and delisting, and various institutions have been arranged to withstand market inspection. The opening of the science and technology board is about to reach the 3rd anniversary, and the market operation is stable. The current introduction of the market business mechanism will help further enhance the liquidity of the science and technology board stocks, enhance the market toughness of the market, and better promote the construction of the sector.

According to the "Regulations on the Pilot of the City Trading Business" (hereinafter referred to as the "Regulations on the Market") issued by the China Securities Regulatory Commission in May 2022, the Shanghai Stock Exchange formulated the "Implementation Rules" and supporting business guidelines and publicly solicited from the market to solicit with the market publicly. Opinion. From the perspective of market feedback, market institutions actively support the launch of the science and technology board for the launch of the marketing mechanism. Generally, the relevant arrangements in the "Implementation Rules" and the supporting business guidelines have also put forward valuable opinions and suggestions on specific business details. After careful research and full survey, the Shanghai Stock Exchange's reasonable and fertile opinions and suggestions on market feedback were absorbed and adopted. The revised "Implementation Rules" has 5 chapters and 28 articles, and the main contents include: First, the application and termination of the market service is clear. Science and Technology Board Stock Application Application adopts a filing system, and securities companies that have obtained listed securities as a market trading business can provide a market service for specific science and technology board stocks. The second is to 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. The third is to 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 Shanghai Stock Exchange finally pointed out that the introduction of a city business mechanism in the science and technology board is a useful attempt to further play the role of the "test field" of the science and technology board reform. In the next step, under the guidance of the China Securities Regulatory Commission, the Shanghai Stock Exchange will actively promote the science and technology board to do the related work of the market business mechanism, fully ensure the smooth and orderly implementation of the pilot, and continue to promote the high -quality development of the science and technology board market. (Zhongxin Jingwei APP)

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