The First Day Of The Selection Gate Opens, The Three Enterprises Suspend The Audit And Tend To Register.

"After the system permissions were opened, we submitted the materials to the national share transfer system for the first time." A large brokerage firm in Beijing said to reporters early in April 27th.

April 27th is undoubtedly a landmark day for the new three board comprehensive deepening reform. The National SME share transfer system (hereinafter referred to as the "national share transfer system") began to accept the application materials of the selected enterprises in the first day of the day. After receiving and reviewing the work, the company accepts the window will follow the rules and procedures and requirements, mainly on the issuer Shen Qingwen. Review the completeness of the parts and decide whether to accept them within two trading days after submitting materials.

Although the system has not yet shown that the application submitted by the enterprise has been accepted, according to the rules, the declared enterprise has announced the suspension on the night of April 27th.

Watch defense (835185) announced that it will suspend its business in April 28th. The reason is that the company submitted to the national stock transfer company on April 2020 27 to apply for the public offering of shares and declare the materials listed on the selected layer. This is also the first enterprise to suspend business due to the selection of application materials. As of press release, 3 enterprises including watch Dian defense, Yingtai bio and other companies announced that they had suspended their business due to submission of selected application materials.

At present, the new third board selection layer reform has finally been pushed to the stage of audit. It is getting closer and closer to the first batch of enterprises entering the selection layer to complete the public offering.

Since April 27th, the share transfer system of small and medium-sized enterprises in China has officially begun to accept the declared materials of the selected enterprises. Visual China

Before or before the end of August

After experiencing the complete preparatory cycle of the science and technology board, the market is also very clear that a few companies have submitted the declaration materials only at the beginning, and the first batch of enterprises must reach a certain number of selective layers before opening the board.

According to incomplete statistics of twenty-first Century economic report reporters, as of April 27th, 129 new three board enterprises have announced the intention to sprint the selected layer, of which 109 enterprises have been coaching, and 13 enterprises have passed the inspection and acceptance of the securities regulatory bureau.

That is to say, the first batch of enterprises to submit application materials will appear from these 13 enterprises. As of April 27th, 3 enterprises have submitted application materials.

According to the current situation of enterprise reserves, when can the selection layer be opened?

The new three board senior secretaries, Cui Yanjun, the founder of Dong min's family, told reporters that according to my prediction, there will be about 5 enterprises in the near future to start declaring work, and more than 100 enterprises in the tutoring will be accepted in bulk in succession. By the end of May, they will be able to declare 40, which will be calculated according to the 2-3 month audit cycle, and is expected to be officially listed at the end of August.

Yun Zhou Capital Partners Xi Qingqing told reporters: "after that, the market is expected to begin to accept materials before the end of April." we can see that there is not much delay in the selection process, indicating that the implementation of the exchange is very strong. It is estimated that the first batch of enterprises will be landed in 7-8 months.

According to the twenty-first Century economic report reporter, there are two problems that affect the audit arrangement of the selected layer. First of all, it is the auditing body for the application of the public offering of the selected level enterprises. The official list of the first listing committee of the national share transfer system has not been announced.

Prior to that, in March 18th, the national stock transfer system launched the first listing committee (referred to as the "listing committee"), and it was recommended by the relevant units, the qualification examination, the selection committee deliberation and other procedures. At present, a total of 47 people listed on the list of members of the listing committee have been publicized.

"As a direct audit institution, the list of personnel has not been released for a long time, which will have some impact on the audit work. However, according to the current rhythm, the final candidate of the listing committee will be announced this week." A large brokerage company in Beijing area told reporters.

The second problem is that at present, the selection of new third board public issuance of "IPO50" has been released. The first batch of focus questions has focused on 28 issues. But dozens of other audit questions and answers have not yet been released, which also has an impact on the preparation of public offerings by enterprises and intermediaries.

Audit close registration system

To solve the problem of which enterprises submit materials, then the market's attention is naturally how to select the level.

First of all, the question of who is going to be examined. According to the combing of reporters, the regulatory authorities have made clear the review of the national stock transfer system, that is, the enterprises that declare the selected layer will first submit the application materials to the national share transfer system. After receiving the application documents, the national stock transfer companies will conduct self-examination within the prescribed time by asking questions. The Listing Committee of the national share transfer company was set up to deliberate and form a deliberative opinion. The national share transfer company made the conclusion of the review in combination with the deliberations.

Reporters learned that the listing committee set up by the national stock transfer system will be financed by two departments. At the same time, a similar expert advisory committee will be set up with reference to the creation board to help improve the audit expertise.

If the national share transfer company considers that listed company meets the conditions and procedures for listing the stock, it will issue the agreed self-regulation opinion and submit relevant information to the SFC. Then the SFC will conduct an examination and make an administrative licensing decision within 20 working days.

"The SFC has multiple roles in the audit. It can refer to the audit of the registration system of the science and innovation board. There should be no double audit or the role of the SFC as a practical audit." The aforementioned Beijing investment bankers believe that.

A close to the national stock transfer system insider told reporters: "from the content of the SFC amended" public company approach ", we can see that the" trial "word is fully used for reference to the registration process of the science and technology board. In terms of the specific system design, the listing conditions of the stock in the selected layer covers the conditions of issuance. Check it out. This undoubtedly improves the efficiency of auditing, and there is no need to worry about double auditing. "

As the person has said, when announcing the opening of the audit materials, the national stock transfer system also clearly stated that it will adhere to the "information disclosure centered" review concept, follow the principle of compliance, openness, transparency, convenience and efficiency, and examine whether the focal issuers are in line with the public offering conditions, select the level of entry requirements and relevant information disclosure requirements, and do not invest in enterprises. Judging by the value, this indicates that the audit of the new third board selection layer tends to the direction of registration system, which is also the inevitable trend of the capital market development.

The chief executive of the national equity transfer system also explained: "we will mainly focus on the issues of corporate governance standardization, asset and equity ownership clarity, business independence, legal compliance, accounting accuracy, financial authenticity, financial standardization and sustainable profitability. We will urge the issuers to disclose the information truthfully, accurately and completely by asking questions and other means. Information, supervise and urge sponsors and securities service institutions to fulfill the duty of information disclosure conscientiously, supervise the issuers and their sponsors and securities service institutions to effectively improve the quality of information disclosure, so that investors can make investment decisions in the condition of sufficient information.