In recent days, Shenzhen Stock Exchange held the 1st session standing supervisor training course for sponsors in Shenzhen. This training aims to help the standing supervisors better understand the continuous supervision responsibilities and the relevant business rules stipulated by Shenzhen Stock Exchange, laying a solid foundation for the smooth trial implementation of the standing supervisor system in the next year. More than 170 persons, including the standing supervision personnel of many non-experimental sponsors and the proposed standing supervisors of 11 experimental sponsors, attended the training. In this training course, Shenzhen Stock Exchange mainly provides training to the supervisors on the specific requirements of continuous supervision works on SME board and ChiNext board, the rules for the listing of stocks, and the key points for the standardized operation of listed companies, etc.
It is reported that the Shenzhen Stock Exchange issued the Circular on the Trial Implementation of Standing Supervisor System in Certain Sponsors on October 18, 2011, stating that the trial implementation of the standing supervisor system would be launched on January 1, 2012 in 11 sponsors, and requiring that the participating sponsors have to appoint 1 standing supervisor for each listed company on SME board and ChiNext board within the IPO continuous supervision period to help the sponsor representative carry out continuous supervision works. This is an important measure taken by the Exchange to enhance the continuous supervision works of the listed companies on SME board and ChiNext board, perfect the market discipline mechanisms and ensure the proper fulfillment of market entities’ duties.
So far, most of the experimental sponsors have completed the appointment of standing supervisors and many sponsors have also established continuous supervision department and associated working rules. This is a good start for the smooth implementation of standing supervisor system in the next year.
