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Wu Qing: Optimize the refinancing mechanism and further emphasize the "support excellence and support science" orientation
On March 6th, at the press conference on the economy during the Fourth Session of the 14th National People’s Congress, Wu Qing, Chairman of the China Securities Regulatory Commission, stated that the refinancing mechanism will be optimized, further improving the registration system for refinancing at the institutional rule level. The focus will be on supporting high-quality and innovative companies, significantly enhancing review efficiency for well-governed and well-managed listed companies with high market recognition. The current standards for the Sci-Tech Innovation Board and ChiNext, which emphasize light assets and high R&D investment, will be further expanded to the main board market.
(Source: People’s Financial News)