Shanghai Stock Exchange solicits opinion on rules of innovation board

The Shanghai Stock Exchange (SSE) has begun soliciting public opinion on rules regarding a science and technology innovation board.

A total of six sets of rules were issued Wednesday for public opinion to ensure the success of the new board and a pilot registration system for listed companies in the SSE.

The rules include those on the auditing, issuance, listing and underwriting of stocks on the new board, a regulation on the management of the listing committee and the rules on a consultation committee of the new board, in addition to some special trading rules.

Authorities with the SSE said that the rules were made in accordance with a guideline of the China Securities Regulatory Commission (CSRC) and other related regulations.

The deadline for the opinion-soliciting period is Feb 20. Symposiums and seminars will be held during the period to hear public opinion about the rules, according to the SSE. The rules will be modified and improved after the deadline and before being submitted to the CSRC for approval.