Friday February 13 2015
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: China
Link: http://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39754053.shtml
Shenzhen Stock Exchange (SZSE) has recently revised and promulgated the Guidelines on Listed Company Standard Operation governing three boards based on the opinions extensively solicited from listed companies.
The Company Law and the Securities Law have been revised in succession, loosening regulations of registered capital and tender offers of listed companies; the State Council’s opinions on strengthening the protection of medium and small investors’ legitimate rights and interests and promoting the healthy development of capital market have been released; rules governing acquisition and restructuring of listed companies have been amended and delisting guidance and several listed company regulatory guidelines have been formulated by CSRC.
During the rules revision, SZSE has adopted the latest supervisory requirements in the aforesaid laws and regulations, so as to promote the rule-based market governance and supervision. Besides, SZSE has also adhered to the supervisory concept which takes information disclosure as the center throughout the revision and greatly reduced ex ante examinations based on the thoroughly review of original supervisory requirements, in a bid to encourage self-governance of companies and propel market players to bear their due responsibilities.
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