In a bid to guarantee the smooth running of the electronized offline IPO business in the local market, the Shenzhen Stock Exchange yesterday joined hands with the China Securities Depository and Clearing Corp. to open a training class especially designed for this end. Officials from the China Securities Regulatory Commission and the Securities Association of China also made their appearance, together with over 100 representatives from more than 60 institutional sponsors.
The training centered on the background and significance of the implementation of electronized offline IPOs, introduced the electronic platform for offline IPOs, and touched upon major precautions during the registration and settlement of new offline share offers, and in the electronization process for lead underwriters. Sponsor institutions were also organized to trial-use the electronic platform to ensure they grasp the operational methods and related precautions.
The Shenzhen bourse and the SD&C are expected to give similar trainings from Jan. 29 to Jan. 30 to inquiry objects in Shenzhen, and plan to launch a general test after the completion of all training courses before the electronic platform is officially put into use.