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对新股发行制度改革的质疑随之而起,承销商包销不是欧美市场惯例吗?老股配售不是可以压低股价增加供给吗?今年两会上,证监会主席肖钢先生秉持一贯的坦率,指出如果实现股票发行注册制改革是100分,那么,目前我国市场、制度和法律基础的打分“大概在50分以下”。言下之意大概是,今年推出注册制是不靠谱的,今年完善改革方案,明年修订《证券法》,以免注册制有违法之嫌,今年继续严打内幕
The question of the reform of the IPO system ensues. Underwriter underwriting is not a market practice in Europe and the United States? The placement of stock rights can not lower the stock price? During the two sessions this year, Mr. Xiao Gang, Chairman of the SFC, upheld the usual straightforwardness, Stock registration reform is 100 points, then, at present, China’s market, system and legal basis for the score “about 50 points ”. The implication is probably that this year’s introduction of the registration system is not reliable. This year, we will improve the reform program and amend the Securities Law next year so as to prevent the registration system being suspected of violating the law. This year we will continue to crack down on the inside story