The Commission issued a new set of CRIC wins the IPO market volatility will narrow the

SFC new release of the Audit Committee, responsible said recently, the Commission will improve the way the new stock issue, efforts to reduce the primary and secondary market research measures to improve the poor, small and medium-sized investors success rate. Analysts believe that this is also one of the Government rescue means, had demonstrated the resolve of the Government's rescue, would effectively reduce the market fluctuations.

(Http://) SFC tenth issue of the Audit Committee was established on 30 April, the Commission Chairman Shang Fulin while attending the new session of the founding Conference of the CRIC that will further deepen the IPO regulatory reform innovation.

As enterprises to enter the capital market's "first line of gate", securities offering (IPO) of audit areas of concern. Regulatory authorities are taking comprehensive measures to improve the distribution system: one is to actively promote the network issue electronic system construction, ease the net purchase funds under an inter-bank liquidity to banks; the second is to explore how the current issue of the basic framework to improve microfinance success rate of sound programmes.

As the issue price on the primary market and secondary markets listed on the first day of the opening price of the huge price difference still attracts many risk preference lower hot money ' attention, leading to new shares success rate continues to move down, if you want to check in the small and medium-sized Board a number of new stocks, often need 500 million or even more than 10 million, which is the amount of funds in the hundreds of thousands or even tens of thousands of small investors, will undoubtedly be far behind.

Experts said that this is also a rescue measures, demonstrates the Government's commitment to the rescue. The move will bring three major positive impact on the market. One is to reduce new shares fluctuations on the impact of market confidence. Next level market and secondary markets of the price difference will be significantly reduced, thereby reducing new shares listed on the big disk shocks, ironing the market's fluctuations. The second is to further strengthen A share of the market trend. Due to the funds to purchase a new unit of account of the maximum limit, will further enhance the success of small and medium-sized investors.

Third, further strengthening the good atmosphere. Since the issuance of new shares on the reform of the system mentioned narrowing a secondary market price variance and promote small and medium-sized investors information such as the success rate, but also conducive to the development of securities markets, it can also be seen as good policy, so early on and good policy to become a recent good policy "combination of boxing," the core components. Therefore, new stock issue system reform to market reveal current policies continue to good trend, to strengthen the confidence of investors in the stock, further consolidating A rebound in the stock market.