BUSINESS China mulls further lowering barriers for refunding on ChiNext

BUSINESS

China mulls further lowering barriers for refunding on ChiNext

Xinhua

22:19, November 08, 2019

BEIJING, Nov. 8 (Xinhua) -- China's top securities watchdog has started to solicit public opinion on revising related regulations on the refunding activities of firms listed on the ChiNext, China's NASDAQ-style board of growth enterprises.

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File photo: VCG

The revision will further streamline the issuance conditions, said the China Securities Regulatory Commission (CSRC) Friday.

The CSRC will also make amendments to extend the validity period of approval to make it easier for listed companies to choose their issuance date.

The refunding should apply to the regulations before revision if the applications were already approved, while those have not received approval shall conform to the new rules, said the CSRC.

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