Securities Association of China reiterated that brokers cannot direct investment have sponsor companies

Securities Association of China 22nd issued the card network, calling on all securities companies deeply understand the spirit, controlled a comprehensive self-inspection, strictly business quarantine requirements, promising initiative to extend share lock period, increased direct investments of information disclosure, and respect the rights of sponsor organizations chosen by the invested enterprise, attach great importance to oversight role of the community.　　Self focus should include securities company and the construction of the system of direct investment companies, securities companies and prevent conflicts of interest and disclosure of direct investment companies, direct investment and company specific business conduct and compliance. self-inspection report by December 31, 2011, submitted to the Association of securities companies. self finds the problem, to take timely measures to rectify and improve. Association requirements, securities companies sponsor business and foreign direct investment business should be strictly enforced provisions of isolated, where served as quasi-IPO sponsor agency or counselling agencies, financial advisers, underwriters, should follow the signing of the relevant
Agreements or substance-related business principles of two points or early, this de facto company direct investment child company and its affiliated direct investment funds, property funds and fund management companies not to invest in the proposed IPO.　　Clear, currently, on Enterprise first open issued stock zhiqian stakes of shareholders, Board, and junior and the venture plate are has corresponding of shares lock regularly period requirements. securities company straight cast child company in above point Qian, to owned funds or holds interest proportion over 30% of straight cast Fund, and industry fund investment intends listed Enterprise Hou, securities company served as the enterprise sponsor institutions of, in strictly implementation existing shares lock regularly period requirements Foundation Shang, straight cast child company should commitment active then extended shares lock period many Yu six months. For now, shareholders of the company before the initial public offering of shares stake in, sponsor report on the work of the main securities companies to issue disclosure of shareholders ' investment point, share, and so on. direct investment to securities companies