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证监会2013年11月30日发布《关于进一步推进新股发行体制改革的意见》,这是逐步推进股票发行从核准制向注册制过渡的重要步骤。《意见》坚持市场化、法制化取向,突出以信息披露为中心的监管理念,加大信息公开力度,审核标准更加透明,审核进度同步公开,通过提高新股发行各层面、各环节的透明度,努力实现公众的全过程监督。根据《意见》,监管部门对新股发行的审核重在合规性审查,企业价值和风险由投资者和市场自主判断。经审核后,新股何时发、怎么发,将由市场自我约束、自主决定,发行价格将更加
On November 30, 2013, the CSRC promulgated the Opinions on Further Promoting the Reform of the IPO System, which is an important step toward the gradual promotion of the stock issuance from the approval system to the registration system. The Opinions adhere to the market-oriented and legal orientation, highlight the regulatory concept centered on information disclosure, increase the transparency of information, make auditing standards more transparent, and make progress in auditing simultaneously and make efforts to improve the transparency of all levels and aspects of IPO To achieve the whole process of public supervision. According to the Opinions, the regulatory authorities’ review of new share issuance focuses on compliance review, and the corporate value and risk are judged by investors and the market. After the audit, when new shares issued, how hair, will be self-restraint by the market, independent decision, the issue price will be more