Wednesday , April 21 2021

CSRC responded to the journalist's question: There is no new adjustment to the audit policy. Progress in the audit is a matter of quality – Wall Street News

Source: from

China Securities Regulatory Commission official website

Q: Recently, some media reported that CSCC will relax IPO's profits and speed up the audit. How can CSCR comment on this?

A: We've already paid attention to the relevant media reports. Recently, I will insist on the normal issue of new shares, I will strictly consider the Main Board, the small and medium sized boards and the first board of GEM in accordance with the existing laws, regulations and rules. There are no new adjustments to the audit policy, mainly from corporate governance, standard operation, disclosure of information, etc. The dimension strictly controls the initial enterprises and improves the quality of the listed companies from the source. The progress of the review is a matter of quality.

In the next step, I will give a full picture of the important role of the funds for the allocation of the capital market, continue to maintain the normal issuance of new shares, strictly control the entry of capital markets, increase market expectations and serve better the high-quality development of the real economy.

This article is from the official website of the Securities Regulatory Commission in China. The original title is "A spokesperson for CSRC responded to the reporter"

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