Policy Interpretation: Reform of IPO Audit System
First of all, the new policy proposes the reform of IPO audit system. In the past, China's IPO audit system has been criticized as too strict and the audit time is too long. In order to solve this problem, the new policy proposes a series of reform measures, including simplifying audit procedures, shortening audit time, and strengthening the construction of audit personnel. The implementation of these measures will greatly improve the efficiency of IPO audit and speed up the listing of enterprises.
Policy Interpretation: Reform of Registration System
Secondly, the new policy proposes to reform the registration system. Registration system refers to the supervision system with information disclosure as the core. Compared with the current examination and approval system, the registration system is more market-oriented, transparent and standardized. The new policy proposes that the reform of the registration system will be gradually promoted, the threshold for listing enterprises will be lowered, the listing speed of enterprises will be accelerated, and the market efficiency will be improved.
Policy interpretation: the reform of science and technology innovation board
Finally, the new policy proposes to reform the science and technology innovation board. Science and technology innovation board is an important innovation in China's capital market, which aims to support the listing of scientific and technological innovative enterprises. The new policy will further improve the system of scientific and technological innovation board, speed up the listing of scientific and technological innovative enterprises and improve market efficiency. At the same time, it will also strengthen science and technology innovation board's investor protection mechanism and improve its ability to guard against market risks.