On March 27, the Shanghai Stock Exchange made adjustments and arrangements for related business development during the special period of epidemic prevention and control, aiming to optimize self-regulation and service methods, make every effort to maintain the smooth operation of the capital market, and implement detailed measures to support epidemic prevention and control and ensure market operations. various jobs.

The first mentioned is the stock issuance and listing review and issuance and underwriting work. The Shanghai Stock Exchange pointed out that during the epidemic prevention and control period, the issuer's listing, major asset restructuring and other related applications submitted by the issuer through the SSE STAR Market review business system are normally accepted. Through video conferences and other means, ensure that the deliberation meeting of the Listing Committee proceeds normally in accordance with the established procedures.

On the one hand, the Shanghai Stock Exchange made up for the deficiencies of offline work by strengthening online communication and consultation, setting up a 24-hour issuance and underwriting business consultation hotline, providing "cloud listing" services, and optimizing online roadshows to make up for the inadequacy of offline work; on the other hand, the Shanghai Stock Exchange also relaxed declarations, etc. For the signing requirements of relevant documents, it is allowed to provide electronically scanned documents of signature pages to handle business, and appropriately relax the time for replying to audit inquiries.

The Shenzhen Stock Exchange also announced as early as March 18 that it will successively launch a series of warm and flexible supervision service measures in various lines of listing review and first-line supervision, and increase support for enterprises that temporarily encounter difficulties in production and operation. For example, in terms of listing review, actively respond to the reasonable demands of market players. If the intermediary agency is indeed affected by the epidemic and cannot respond to review inquiries and complete due diligence within the specified time limit, it will agree to suspend the review according to the application, and give the issuer and intermediary agency. More time to prepare for review of verification responses to inquiries related to questions.

In terms of refinancing review, Shenzhen Stock Exchange has strengthened online communication with issuers and intermediaries to ensure that companies affected by the epidemic will continue their refinancing review and services will not be discounted. The Shenzhen Stock Exchange also mentioned that the GEM small-amount rapid refinancing mechanism continues to maintain the "Shenzhen speed". The recent 8 small-amount rapid refinancing projects took only 9 working days on average from acceptance to registration.

It is worth mentioning that, considering the huge pressure brought by the new crown pneumonia epidemic to the real economy, the three major exchanges in Beijing, Shanghai and Shenzhen have also recently introduced fee reductions and exemptions for listed companies. Among them, the Shanghai Stock Exchange announced that it will waive the initial listing fee and annual listing fee in 2022 for the stock and incremental listed companies in the Shanghai Stock Exchange. Subordinate companies will also waive the online voting service fee for the 2022 general meeting of shareholders, the 2022 CA certificate service fee, and the industry Cloud-related cloud desktop, cloud disk and virtual private network service product fees, and reduce or reduce data center dedicated line and cabinet fees.

The Shenzhen Stock Exchange said on March 18 that it will expand the scope of fee reductions, exempt Shenzhen-listed companies from the initial listing fee, annual listing fee and online voting service fee for the general meeting of shareholders in 2022, and take practical actions to implement the national policy requirements for tax reduction and fee reduction.

The Beijing Stock Exchange and the National Equities Exchange and Quotations announced on March 17 that they have decided to waive the annual listing fee in 2022 for listed companies registered in Shenzhen, Inner Mongolia Autonomous Region, Shandong Province, Jilin Province, and Shanghai, and those registered in the above regions. The initial listing fee and annual listing fee of the listed company in 2022.

Article source: Securities Times reporter Wang Rui

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