Shang Fulin: inhibition of new stock purchase excessive speculation

30 may, at its tenth session, the Commission issued Review Committee was established in Beijing, President of the Commission to further improve the Shang Fulin bookbuilding, inhibiting new shares purchase stage of excessive speculation.

Yesterday, the President of the Shang Fulin SFC in the new session from the inaugural meeting of the Committee pointed out that the issue of regulatory work to adhere to market-oriented, and able to protect the legitimate rights and interests of investors, and to support companies through the capital market development, to control better access to capital markets of the first gate. He also sent to the new session of the Committee members made the wish: to be "public" pledge, "exclusively" blinded to the interests of investors, independent audits, not subject to any human interference.

It is understood that the new composition of the tenth episode of the CRIC on a total of 25 members, among them 5 members of the SFC professionals, members of the SFC-full-time, part-time members 15 name five. This General, 25 members of five former members of the renewal, new recruits 20, newly recruited member of 80 per cent.

For issuing securities regulatory system of the future reform path, Shang Fulin innovation make four points. First of all, to further improve the sponsor system, strengthen the sponsor and the sponsor representative of management. Secondly, to further improve the bookbuilding, to focus on strengthening the inquiry object behavior of supervision, the quoted price and purchase directly hook, reasonable configuration under purchase online, inhibiting new shares purchase stage of excessive speculation, improve purchase fair degree. In addition, he also noted that continue to promote high quality in large enterprises and high-growth small and medium-sized IPO, vigorously develop the corporate bonds, the progressive realization of the inter-bank bond market and stock exchange bonds market interconnection.

It is learnt that had just retired from the ninth session of the Committee from May 2007 to the end of April 2008, held a meeting of the Committee, the audit company 218 times total 413 home, through the examination Committee meeting of the company, through a total of 354 85.71%.