CSRC Amends China Growth Enterprise Market Initial Public Issue Securities Offering Regulations Related to Underwriting
China Securities Regulatory Commission (CSRC) amended the regulations related to underwriting of initial public issue securities offerings on China Growth Enterprise Market, eliminating the requirement that the pricing of new share offerings be linked to subscription arrangements and the number of special announcements on investment risks; deleting the relevant provisions on cumulative tender offer price range, which will be clarified by the Shenzhen Stock Exchange in its business rules. The Shanghai and Shenzhen Stock Exchanges and the China Securities Association have simultaneously improved the business rules related to the pricing of new share issues on the STAR Market and the China Growth Enterprise Market.
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