Wednesday December 4 2013
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: China
Link: http://english.sse.com.cn/aboutsse/news/c/c_20131204_3755189.shtml
Vice President Xu Ming of the Shanghai Stock Exchange (SSE) at the 4th SSE Legal Forum has suggested that statutory conditions for the listing of securities should be changed, while some new listing systems, such as “Board Switch” and “Listing by Introduction” should be introduced.
For the improvement of the system of securities listing, Xu put forward the following two focuses. First, Exchanges should further deal with the relationship between securities’ issuance and securities’ listing, and the relationship between administrative regulation over listed companies and self-disciplinary management of listed companies. Moreover, conditions for securities’ listing, listing suspensions, listing terminations, and others currently stipulated in the “Securities Law” should be specified in the listing rules made by relevant Exchanges.
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