国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China mulls amendment to securities law

Source: Xinhua| 2019-04-20 18:56:01|Editor: Li Xia
Video PlayerClose

BEIJING, April 20 (Xinhua) -- A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of the National People's Congress Standing Committee, China's top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technology innovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to approval from the China Securities Regulatory Commission before being listed.

Other revisions in the draft are made in light of new progress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitted to the top legislature for first reading in April 2015, mainly to meet the legislative demand of reforming the IPO system toward a registration-based one.

The first draft also improved rules on developing a multi-layer capital market system, strengthening investor protection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to improve regulation on such areas as stock trading, acquisitions of listed firms, information disclosure and investor protection. The second draft also demanded the State Council to gradually advance the IPO system reform in accordance with authorization granted by the top legislature.

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001379934141
主站蜘蛛池模板: 聂拉木县| 繁昌县| 施秉县| 铜山县| 奉节县| 玉树县| 来宾市| 新泰市| 华亭县| 松潘县| 西乌珠穆沁旗| 兴业县| 达拉特旗| 安顺市| 五寨县| 浦北县| 洛扎县| 长春市| 大田县| 永仁县| 商洛市| 香格里拉县| 阜宁县| 若尔盖县| 湘西| 桓仁| 西乡县| 舟曲县| 伊春市| 高碑店市| 陵川县| 富平县| 临武县| 桓台县| 图们市| 若尔盖县| 阿尔山市| 永善县| 额尔古纳市| 夹江县| 嵊州市|