Under the guidance of China Securities Regulatory Commission (CSRC), SZSE completed the organization of the First ChiNext Board Listing Committee strictly following relevant procedures, and announced to the public the lists of members of the Committee. On July 3, SZSE held the Founding Meeting of the First ChiNext Board Listing Committee. Main leadership of the Discipline Inspection and Supervision Office of the CPC Central Commission for Discipline Inspection (CCDI) and the National Commission of Supervision (NCS) of PRC at CSRC, relevant leadership of the Department of Public Offering Supervision of CSRC, members of the ChiNext Board Listing Committee and major leaders of SZSE attended the meeting. The meeting was held in the combined form of on-the-spot and video conferencing in accordance with requirements on regular epidemic containment. At the meeting, SZSE read out the announcement on the appointment of members of the First ChiNext Board Listing Committee, and presented appointment letters to the committee members.
The main leadership of the Discipline Inspection and Supervision Office of the CCDI and the NCS at CSRC had a collective talk with the committee members at the Founding Meeting and put forward duty performance requirements, saying that members shall have a full and accurate understanding of the CPC Central Committee’s tough stance on corruption in the financial sector, take solid steps to strengthen political stance, and firmly establish the idea that “public power belongs to and can only be used for the public”. In addition, members shall always hold in awe of the power, keep responsibilities in mind, enhance the sense of discipline, and never cross the moral principle and the legal “red line”. They are also required to observe the rules and regulations of CSRC and SZSE, and resolutely shoulder the important responsibility of reforming and developing the capital market.
The leadership of the Department of Public Offering Supervision of CSRC pointed out that the committee members shall follow CSRC’s requirements of “the four awes (stand in awe of the market, rule of law, professionalism and risks) and one joint force (The capital market development needs all the efforts made by all sides)”, stick to the principles of “strict standard and steady start”, strengthen the sense of norms, maintain strict review quality, align the professional review criteria with laws and regulations, and perform duties earnestly and justly according to law.
The member representative of the ChiNext Board Listing Committee said that they would strengthen the sense of responsibility, give full play to their professional advantages, and strictly control the “access” to the capital market. They would establish correct values, strictly practice honesty, abide by laws and regulations, and form a clean work mechanism. They would also enhance learning of relevant regulations and rules, continue to improve professional capabilities, and effectively exercise the functions of the listing committee under the registration-based IPO system.
SZSE’s leadership said that the listing committee is an important part of the reform of the ChiNext Board and the pilot project of the registration-based IPO system and that the listing committee meeting is a necessary procedure for offering and listing review under the registration-based IPO system, which plays a critical role in controlling the access to the capital market. SZSE will, together with members of the listing committee, always maintain strong senses of responsibility, mission and urgency, ensure devotion to duty, competence, honesty and self-discipline with an open mind, transparent standards, a clean style of work and strict disciplines. We will spare no effort to review the issuance and listing on the ChiNext Board and strive to enhance market participants’ sense of gain from the reform, in an effort to do implement the reform plan made by the CPC Central Committee, and contribute more to the development of a standard, transparent, open, dynamic and resilient capital market.
After the Founding Meeting, the ChiNext Board Listing Committee held the first working meeting. At the meeting, members were set up for training, learning review rules, duty performance requirements and discipline inspection and supervision requirements to improve their sense of responsibility, facilitate clean, transparent and standard operation of the committee and ensure steady, smooth implementation of the reform of the ChiNext Board and the pilot project of the registration-based IPO system.