Following on February 1st the internal work flow of the Securities Regulatory Commission ’s first public offering review and the launch of the pre-disclosure new policy, on the afternoon of February 3rd, the relevant department heads of the relevant departments of the Securities Regulatory Commission once again discussed the relevant regulatory ideas and the new stock issuance review and new stock inquiry New developments, such intensity and intensity are rare.

On the afternoon of February 3, the person in charge of the relevant department of the China Securities Regulatory Commission pointed out: "Welcome people with a sense of justice and responsibility to supervise the re-examination enterprises, reflect problems and provide relevant evidence in a practical and conscientious manner. "

In addition to increasing its transparency in the issuance of audit work, the SFC has also paid close attention to the current situation of overpricing in the inquiry, and has requested relevant inquiry institutions to submit relevant materials to cooperate with the research investigation. In addition, the above-mentioned person in charge also revealed that the CSRC is currently studying and considering, inviting relevant institutions to study and publish the industry price-earnings ratio of listed companies, and appropriately refine the relevant conditions, so as to provide a reference for the next institutional quotation and investors' investment decisions.

In fact, in order to better play the role of supervision of pre-disclosure, the CSRC issued a notice to adjust pre-disclosure at the end of 2011, which will advance the time of initial pre-disclosure to the time when the feedback is implemented, and will be implemented on February 1, 2012. At the same time, in order to cooperate with the advance of pre-disclosure, on February 1st, the CSRC published the first review workflow and the list of first-declared companies.

The head of the relevant department of the China Securities Regulatory Commission pointed out on the afternoon of February 3 that the previous issuance of the review process was mainly based on the order of the time of the issuance of the review, introducing the process of the CSRC providing services to the enterprise and the cooperation of the enterprise to do a good job in related work.

In fact, the quality of enterprises and related intermediaries largely determines the efficiency of the entire work and the final audit results.

According to the above-mentioned person in charge, judging from the current operation of the issuance and review work, the implementation feedback link is the link that determines the length of the entire approval link. Among them, there are two problems in the implementation of feedback. One is that some companies will apply for postponing the reply, because the feedback is generally submitted within 30 days after the feedback is submitted, and after the reply, the CSRC can proceed to the next step according to the implementation of the opinion. However, a considerable number of companies are unable to reply to the implementation comments within 30 days. Therefore, the application for postponing the reply has taken longer or shorter periods, and some companies that have been delayed for five or six months or even a year have appeared. Therefore, the response time of the company's feedback largely determines the efficiency.

The second point is that the quality of the feedback and implementation of the response also has an impact. During the meeting, the CSRC emphasized to the enterprise that when the enterprise first responds to the opinion, it must be true, accurate and complete, and there should be no squeezing of toothpaste.

The issuance and review work is the front end of the issuance of new shares, and the quotation pricing mechanism of new shares is closely related to the secondary market investment value of new shares. In this regard, the supervisory authorities have always maintained a high priority.

Recently, the market reflects the fact that the price-earnings ratio of certain companies' new shares has been set high, which has aroused the attention of the China Securities Regulatory Commission. It is understood that the CSRC has requested the offline quotation agencies that are shortlisted for quotations to provide their valuation research reports and quotation basis and process. The SFC focuses on the logical relationship between their research reports and quotation decisions.

"We have been seriously studying after receiving it." The above-mentioned person in charge pointed out.

In the next step, the China Securities Regulatory Commission is studying and inviting relevant institutions to study and publish the listed company's industry price-earnings ratio, and appropriately refine the relevant situation, so as to provide a reference for the next institution's quotation and investors' investment decisions.

The above-mentioned person in charge pointed out that all the inquiry agencies can now see the valuation report of the lead underwriter during the inquiry process. The valuation report will provide various price-earnings ratios, such as the overall secondary market price-earnings ratio of GEM, sometimes The price-earnings ratio of the same industry will be used, but there is room for choice in the price-earnings ratio of the same industry, and this credibility may not be sufficient. We therefore consider asking relevant institutions to study and publish on the market, such as the level of the secondary market in a certain industry? This is what everyone can see, and it has a certain degree of credibility. This allows relevant parties to learn from the pricing process.

In addition, the industry's P / E ratio announcement system under study will cover the Main Board, SME and GEM companies, and is dynamic and constantly updated.

Overbed/Laptop Table is the most versatile, feature-packed table available today. Hollin earned its name due to its extreme versatility and high level of functionality. The rugged, institutional quality design and construction combined with the most-desired user features makes the Hollin is perfect fit for home and institutional healthcare use as well as an ideal Laptop Cart for home or office. Hollin can integrate with more bed/chair shapes and sizes than any other Overbed Table on the market. The split top design allows the user to tilt the main table surface in either direction for easier book/tablet reading while a smaller fixed surface remains horizontal to accommodate. pen/paper/drinks/food/mousepad and mouse etc. An integrated lip prevents items placed on the tilted surface from sliding off. Hollin table can be easily and conveniently stored in a very small area. The storage mode also makes the easy to transport if required.

Overbed Table

Laptop Lap Desk,Bed Laptop Desk,Ikea Laptop Desk,Over Bed Table

Foshan Hollin Furniture Co.,Ltd , https://www.china-hollin.com