Circulation of new shares issued in June launched the fastest.

<P Align=center> </ P> <P> "May Day" holiday on the eve of the official China Securities Regulatory Commission issued the "IPO and listing of management" (draft), reboot into real terms this means that IPO .of the launcher, but that does not mean that new shares will be tradable in the May issue of the introduction. .</ P> <P> According to insiders, "Initial Public Offering and Listing management approach," the draft of the debut, but that management considers that the issue of new shares circulation time is ripe. .IPO launched, there is a need to meet a prerequisite. .</ P> <P> First, the "Initial Public Offering and Listing management approach" is only in the comment stage, IPO to start, you must wait until the "initial public offering and listing management approach" was formally promulgated, "so we .to accept the requirements of the enterprise, "an authority that the Commission said. .</ P> <P> draft clear that the comments should be extended to May 14. .This methodology, the "Initial Public Offering and Listing management approach" was finalized at least to 5 may be introduced only in mid and late, which means that companies issuing new shares to declare how late May also be undertaken. .If all goes well, the first new shares may be the fastest debut in June. .</ P> <P> Second, the new shares issued circulation also need to modify a range of work procedures and methods, such as modifying work procedures and methods for issuance examination committee and so on. .But the parties concerned have said that these new procedures and approaches will be in a relatively short period of time out. .Even so, take time to complete these tasks, restart the IPO in May is not realistic. .</ P> <P> Third, the authorities have made it clear in the relevant fora, in order to promote the financing function of the start and create a better environment for the expansion of funding channels, the issue of ways to improve we need to do some work. .And that this is now an orderly start, such as margin for the pilot will be launched in June. .From this perspective, if the terms of the expansion of funding sources have not been substantial progress, IPO is difficult to restart. .</ P> <P> restart on the IPO schedule, the management actually long been delineated. .China Securities Regulatory Commission has made it clear before the authorities, according to the progress of reform and the market can bear, the "new old" will be opened gradually in three steps: the first step to restore the pressure does not increase immediate expansion as well as private placement .long-term way of equity warrants to refinance; the second step, choose the recovery of other ways for the public to refinance; the third step, choose the choice of quality companies, start circulation under the conditions of the initial public offering. .Thus, refinancing in the face of the public did not resume before the May IPO reboot is not realistic. .Even if the IPO in June to restart, it will not be issued a large-scale influx, after all, the number one task of the capital market reform has not yet finalized --- Unit. .</ P>.