CSRC Drafts 13 Regulatory Documents for Beijing Stock Exchange

On September 17, 2021, China Securities Regulatory Commission (“CSRC”) drafted 13 documents about the contents and formats for share listing, equity refinancing, continued supervision, and private issuance of convertible bonds by companies to be listed on the Beijing Stock Exchange, and released the draft documents on September 17, 2021 to gather public opinions until October 2, 2021.

CSRC has generally transferred related regulations for the Select Layer of the Third Board Market, and highlighted the role of the Beijing Stock Exchange in service innovation-oriented small and medium-sized enterprises. These documents have clarified requirements on information disclosure contents and formats for listed companies' IPO prospectus, fundraising prospectus, share issuance report, annual report, interim report, statement of change of equity, acquisition report, and restructuring report. Besides, CSRC has also drafted two documents related to the contents and formats about private issuance of convertible bonds by companies to be listed on the Beijing Stock Exchange, to gather public opinions.