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China optimizes stock issue procedures

Xinhua, May 22, 2015 Adjust font size:

China's security watchdog on Friday announced measures to optimize stock issue procedures amid the government's efforts to streamline administration.

The meeting mode will be changed from face-to-face to submitting written material, according to the China Securities Regulatory Commission (CSRC).

Previously, senior executives and sponsor institutions were required to meet CSRC staff to hear procedures for stock issue. Now, the CSRC will provide written information.

The CSRC will improve refinancing arrangements, implement speed reviews for preferred shares and cut waiting times. Endi