The CSRC and China Securities Association will conduct a random check on the quoting process of the quoted investors in the net

Summary: Spot checks find that the issuer and the main underwriter use other information other than the public information such as the prospectus in the course presentation process to suspend its release, and to take regulatory measures against the issuer and underwriter in accordance with relevant regulations, and the suspected violation

Spot checks find that the issuer and the main underwriter use other information other than the public information such as the prospectus in the course presentation process to suspend its release, and to take regulatory measures against the issuer and the principal underwriter in accordance with relevant regulations, and to deal with the alleged illegal violation according to law.

The SFC issued an emergency notice on the evening of 12th, in order to further strengthen the initial public offering of stock process supervision, the SFC to check the inquiry, roadshow process, and asked to develop a high price/earnings ratio of the issuer in the three weeks before the purchase of a continuous hint of risk.

The China Securities Regulatory Commission will make inquiries about the issuer, the roadshow process conducts spot checks and discovers that the issuer and the main underwriter use other information other than the public information such as the prospectus in the course of the roadshow to suspend its release, and take regulatory measures against the issuer and the main underwriter in accordance with relevant regulations, and to deal with the alleged violation of law.

According to the announcement, if the proposed distribution price (or the issue price interval cap) corresponds to the corresponding P/E ratio higher than the industry's two-tier market average price-earnings ratio, the issuer and the main underwriter should be in the first three weeks of online purchase of the Investment Risk Bulletin, published at least once a week

By regulation, the risk bulletin content includes at least: comparative analysis of the issuer and the same industry listed companies and the impact of the difference on the valuation; Draw investors ' attention to the difference between the price of the issue and that of the investors, draw investors ' attention to the investment risk, carefully judge the rationality of the pricing and rationally make investment decision

The SFC requires the issuer to determine the industry according to the guidelines for Industry classification of listed companies and to select the certificate

Index Limited released the last one months of static average price earnings as a reference.

The CSRC and China Securities Association will conduct random checks on the pricing process of quoted investors, the communique said. If the investors do not have pricing ability, or do not strictly perform the evaluation and decision-making procedures, the Securities Industry association should be blacklisted and regularly published to prohibit the participation in the initial public offering of shares under the net inquiry. Where the principal underwriter allows investors who are not in accordance with their prior disclosure requirements to participate in the inquiry and placement, the CSRC shall deal with the relevant regulations seriously.