Pioneering board first Enterprise Inquiry without window guide

Newspaper reporter Yu Haitao Beijing report The first batch of 10 enterprises inquiry work has been completed on September 23.　　China Securities Regulatory Commission officials said the same day, the SFC in the inquiry process, the market and investors respect the will, not the price of the new shares to guide the window.　　The director said that in the inquiry process, the issuer and the main underwriter followed the principle of prudence, 10 companies, the majority of companies priced below the price of the quotation for the median.　　The actual situation is, because these 10 companies are the first batch of gem enterprises, the market for the company's growth response is very positive, therefore, the issue of P/E is higher than the SME. "In view of the unstable performance of gem and the high risk of operation, the SFC advises investors to pay attention to the risk factors of gem companies and make investment decisions prudently."　　"The Securities and Futures Commission will urge issuers and underwriters to disclose the pricing process in detail and disclose the risks," the person said. As far as the circulation index is concerned, the circulation of 10 companies is close to the minimum of the law, according to the relevant regulations, the company under 400 million shares of the total share capital, the minimum issue 25%, 400 million shares minimum issuance of 10%.　　Even so, due to the general high price, 10 companies raise funds more than the project capital requirements.　　In this connection, the former said that the CSRC requires companies to further disclose the use of funds, in addition, the demand for the company's fund-raising can only invest in the main business, and has a clear purpose, at the same time, according to relevant provisions, the establishment of a strict special household funds storage system. At the same time, the sponsor organizations are required to carry out continuous supervision of the issuer's fund-raising situation and to express independent opinions. "The Securities and Futures Commission will, in the next step, bring to the attention of the continuing regulatory authorities the use of funds collected in the follow-up supervision and supervision in accordance with relevant laws and regulations." said the person in charge.