Shenzhen Stock Exchange: Guidelines For Standardized Operations Of ChiNext Listed Companies

The Shenzhen Stock Exchange released yesterday the “Guidelines for Standardized Operations of ChiNext Listed Companies” (Hereinafter referred to as “Guidelines for Standardized Operations”), implemented on the same day.

The “Guidelines for Standardized Operations” prepared by the SZSE are aimed to press for continuous improvement of listed company quality and protect the legitimate rights and interests of listed companies and investors, push forward the healthy and steady development of China’s ChiNext market.

The “Guidelines for Standardized Operations” require that the ChiNext listed companies shall establish the normalized corporate governance structure and sound internal control system, improve the rules of procedure for the general meeting, the board of directors and the supervisory committee, perform the duty to impartial information disclosure, do well in the use and management of raised funds and so forth.

The “Guidelines for Standardized Operations” also signal that the SZSE will firmly hold the philosophy of stringent regulation on the ChiNext listed companies in the future.

At the same time, the SZSE stressed that it will follow the principle of stringent supervision on the ChiNext listed companies, steadily press for the creditworthiness and standardization, better guide listed companies to improve the corporate governance structure, enhance the level and capacity of standardized operations, gear up the long and healthy development of ChiNext market.