SFC measures the issuance of securities of listed companies public comment.

<P> Editor's Note: April 16, 2006, under the "Securities Act", "Company Law", China Securities Regulatory Commission drafted and promulgated the "Administrative Measures for the issuance of securities of listed companies (draft)", for investors and .community for comments and questions to answer a reporter's question. .Because of the split share structure reform stalled IPO year, declared the work started, the market is most concerned about the "new old" issue for the first time with a clear answer. .</ P> <P> new from the old three-step </ P> <P> Commission talked about the responsible people in the market are most concerned about the "new old" issue that must adhere to reform and maintain the market .the principle of combining stability and development, actively and steadily, step by step. .Specific implementation of the basic idea is: not simply to a point in time as the implementation of the "new old" logo, but according to the progress of the reform of affordability and the market gradually opened to minimize the market on the stock market .expansion of psychological pressure. .</ P> <P> specific approach proposed in three steps: </ P> <P> first step, the current expansion does not increase pressure to resume private placement of equity warrants and long-term way to refinance; </ P .> <P> second step, choose the recovery of other ways for the public to refinance; </ P> <P> The third step is to choose the choice of quality companies, start circulation under the conditions of the initial public offering. .</ P> <P> early to reflect the early benefit of policy-oriented reform, and to avoid excessive concentration of financing to the market pressure, stabilize market expectations, more than half a year to complete share reform to be implemented on public companies to refinance, the first .second public offering of stock change or the completion of the first to enter the share reform program to achieve a certain percentage of market value accounting for the provinces to start. .</ P> <P> China Securities Regulatory Commission issued the issuance of securities of listed companies approach (draft) </ P> <P> for the issuance of securities of listed companies, protect the legitimate rights and interests of investors and public interests, under the "Securities .Law "," Company Law ", China Securities Regulatory Commission drafted the" Measures for the Administration issued the securities of listed companies (draft). " .Investors and the community for comments and questions to answer a reporter's question. .</ P> <P> following notification of the Commission for public comment text </ P> <P> on the "Administrative Measures for the issuance of securities of listed companies (draft)" for public comment a notice </ P> <P> .To regulate the issuance of securities of listed companies, protect the legitimate rights and interests of investors and public interests, under the "Securities Act", "Company Law", China Securities Regulatory Commission drafted the "Administrative Measures for the issuance of securities of listed companies (draft)." .Welcome investors and active participation of the community and make constructive comments or suggestions. .For comments or suggestions please write or e-mail form on April 22, 2006 feedback to the China Securities Regulatory Commission. .Contact the following: </ P> <P> Fax :8610 - 88061252 </ P> <P> E-mail: fxb318@csrc.gov.cnfxb418 @ csrc.gov.cn </ P> <P> Address: .Financial Street, Xicheng District, Beijing Building No. 19 A, Fukai China Securities Regulatory Commission </ P> <P> Zip code: 100032 </ P> <P> Annex I: Draft note </ P> <P> Annex II "of listed companies .Securities issued Administrative Measures (Draft) "</ P> <P> China Securities Regulatory Commission </ P> <P> April 16, 2006 </ P> <P> Related articles: < ./ P> <P> "Administrative Measures for the issuance of securities of listed companies," Interpretation </ P> <P> SFC, "Administrative Measures for the issuance of securities of listed companies," A reporter asked </ P>.