Decision of the Standing Committee of the National People's Congress of the People's Republic of China on Authorizing the State Council to Revise Applicable Provisions of the Securities Law of the People's Republic of China during the Reform of the Registration-based Initial Public Offering (IPO) System
Decision of the Standing Committee of the National People's Congress of the People's Republic of China on Authorizing the State Council to Revise Applicable Provisions of the Securities Law of the People's Republic of China during the Reform of the Registration-based Initial Public Offering (IPO) System
Decision of the Standing Committee of the National People's Congress of the People's Republic of China on Authorizing the State Council to Revise Applicable Provisions of the Securities Law of the People's Republic of China during the Reform of the Registration-based Initial Public Offering (IPO) System
December 27, 2015
Adopted at the 18th Session of the Standing Committee of the 12th National People's Congress on December 27, 2015
To carry out the reform of the registration-based IPO system and facilitate capital market serving real economy, the State Council was empowered to revise relevant provisions of the Security Law of the People's Republic of China in respect of stocks to be issued in Shanghai Stock Exchange and Shenzhen Stock Exchange from approval-based IPO system to registration-based IPO.
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