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Home> News> Stock Issuance Registration System

Official Release of Supporting Business Rules for Full Implementation of Stock Issuance Registration System

 

The Shanghai Stock Exchange has formulated or revised the supporting business rules for the full implementation of the registration system, and officially released the supporting rules to the market with the approval of the China Securities Regulatory Commission.

 

This time, the Shanghai Stock Exchange released 26 business rules, including 9 major business rules such as the Shanghai Stock Exchange Stock Issuance and Listing Review Rules that have received public opinions, and 17 supporting business rules, guidelines and business handbooks.  These 26 rules, together with other rules of the SSE, have established a system of business rules to ensure the smoothness of the full implementation of the registration system in the SSE.

 

These 26 business rules cover the main institutional arrangements for the full implementation of the registration system in issuance and listing review, issuance underwriting, continuous supervision, trading organization management, and investor protection.  Specifically, they include 4 categories: (1) 11 issuance and listing review rules, which are the issuance and listing review rules for IPO, refinancing, mergers and acquisitions, preferred shares, etc., as well as guidelines and handbooks on the acceptance of application documents, on-site supervision, and business consultation and communication. (2) 6 underwriting rules, including the detailed rules for the underwriting business of IPO and refinancing, the detailed rules for online and offline issuance, the working rules of the self-discipline committee, and the guidelines for listing announcements. (3) 2 ongoing regulation rules, namely the main board stock listing rules and the guidelines for major asset restructuring. (4) 7 trading organization and management rules, namely trading rules, detailed trading rules for margin financing and securities lending, measures for refinancing securities lending transactions, detailed monitoring rules for abnormal transactions on the main board and STAR Market, notice that stocks and depositary receipts under the registration system are temporarily not used as the underlying securities for stock pledge repurchase and agreed repurchase transactions, and handbook on the essential terms of the risk disclosure statement for the main board.

 

 

 Issue Listing Review
 No.   Name  Issued Date 
 1 Shanghai Stock Exchange Stock Issuance and Listing Review Rules  2/17/2023 
 2 Shanghai Stock Exchange Listed Companies Securities Issuance and Listing Review Rules  2/17/2023 
 3 Shanghai Stock Exchange Listed Companies Major Asset Reorganization Review Rules  2/17/2023
 4 Shanghai Stock Exchange Preference Share Pilot Business Implementation Rules  2/17/2023
 5 Shanghai Stock Exchange Applicable Guidelines for Issuance and Listing Review Rules No. 1 - Acceptance of Application Documents  2/17/2023
 6 Shanghai Stock Exchange Applicable Guidelines for Issuance and Listing Review Rules No. 2 - Content and Format of Listing Sponsorship Letter  2/17/2023
 7 Shanghai Stock Exchange Applicable Guidelines for Issuance and Listing Review Rules No. 3 - On-Site Supervision  2/17/2023
 8 Shanghai Stock Exchange Applicable Guidelines for Issuance and Listing Review Rules No. 4 - Information Disclosure of Financial Reports of Innovative Pilot Red Chip Enterprises  2/17/2023
 9 Shanghai Stock Exchange Issuance and Listing Review Business Guide No. 1 - Review System Business Handling  2/17/2023
 10 Shanghai Stock Exchange Issuance and Listing Review Business Guide No. 2 - Issuance and Listing Application Documents  2/17/2023
 11 Shanghai Stock Exchange Issuance and Listing Review Business Guide No. 3 - Business Consulting and Communication  2/17/2023
 Issue Underwriting
 No.    Name  Issued Date
 1 Shanghai Stock Exchange IPO Securities Issuance and Underwriting Business Implementation Rules  2/17/2023
 2 Shanghai Stock Exchange Listed Companies Securities Issuance and Underwriting Implementation Rules  2/17/2023
 3 Implementation Rules for the Online Issuance of Initial Public Offerings in the Shanghai Market (Revised in 2023)  2/17/2023
 4 Implementation Rules for the Offline IPO of Stocks in the Shanghai Market (Revised in 2023)  2/17/2023
 5 Working Rules of the Shanghai Stock Exchange Self-discipline Committee for Public Issuance of Stocks  2/17/2023
 6 Shanghai Stock Exchange Guidelines for the Application of Securities Issuance and Underwriting Rules No. 1 - Content and Format of Securities Listing  2/17/2023
 Listing 
 No.   Name  Issued Date
 1 Shanghai Stock Exchange Stock Listing Rules (Revised in February 2023)  2/17/2023
 2 Guidelines No. 6 for Self-Regulatory Supervision of Listed Companies of Shanghai Stock Exchange - Major Asset Restructuring (Revised in 2023)  2/17/2023
 Transaction organization and management
 No.  Name  Issued Date
 1 Shanghai Stock Exchange Trading Rules (Revised in 2023)  2/17/2023
 2 Shanghai Stock Exchange Margin Trading and Securities Lending and Securities Trading Implementation Rules (Revised in 2023)  2/17/2023
 3 Shanghai Stock Exchange Implementation Measures for Refinancing Securities Lending Transactions (Trial Implementation) (Revised in 2023)  2/17/2023
 4 Detailed Rules for Real-time Monitoring of Abnormal Stock Transactions on the Main Board of Shanghai Stock Exchange  2/17/2023
 5 Detailed Rules for Real-time Monitoring of Abnormal Trading of Stocks on the Science and Technology Innovation Board of Shanghai Stock Exchange  2/17/2023
 6 Notice Regarding the Temporary Notification of Stocks and Depositary Receipts Under the Registration System Not as the Underlying Securities for Stock Pledge Repurchase and Agreed Repurchase Transactions  2/17/2023
 7 Shanghai Stock Exchange Membership Management Business Guide No. 2 - Mandatory Terms of Risk Disclosure Statement (Revised in February 2023)  2/17/2023