Related News
CSRC considers making pre-disclosure first step in IPO process
By Louise Ho |
April 25, 2012, Wednesday
|
Online Edition
Online Edition
CHINA'S securities regulator is considering making pre-disclosure the first step in the initial public offering process, officials revealed at a meeting with IPO sponsor firms yesterday.
Officials said they hope the move can increase public supervision and transparency of the IPO application process by moving forward pre-disclosure to at least six months earlier than the current process.
"Assessments of IPOs in the future will be stressing more on information disclosure and less on the profit-making ability of a company," Liu Chunxu, head of the Enforcement Bureau at the China Securities and Regulatory Commission was quoted by Shanghai's Youth Daily as saying at the meeting.
For companies that want to get listed in the second half of the year, their IPO prospectuses will be available for public scrutiny on the website of the commission after their applications have been reviewed by the commission's Public Offering Review Committee, officials said.
The new measure will give investors the chance to learn about the real financial ability and operation of companies going to get listed, said officials, who added that China should learn from the IPO prospectus of Facebook, in which 30 percent of the content is about risk disclosure.
Officials said they hope the move can increase public supervision and transparency of the IPO application process by moving forward pre-disclosure to at least six months earlier than the current process.
"Assessments of IPOs in the future will be stressing more on information disclosure and less on the profit-making ability of a company," Liu Chunxu, head of the Enforcement Bureau at the China Securities and Regulatory Commission was quoted by Shanghai's Youth Daily as saying at the meeting.
For companies that want to get listed in the second half of the year, their IPO prospectuses will be available for public scrutiny on the website of the commission after their applications have been reviewed by the commission's Public Offering Review Committee, officials said.
The new measure will give investors the chance to learn about the real financial ability and operation of companies going to get listed, said officials, who added that China should learn from the IPO prospectus of Facebook, in which 30 percent of the content is about risk disclosure.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
