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China optimizes stock issue procedures

Updated: May 23,2015 12:54 AM     Xinhua

BEIJING — China’s security watchdog on May 22 announced measures to optimize stock issue procedures amid the government’s efforts to streamline administration.

The meeting mode will be changed from face-to-face to submitting written material, according to the China Securities Regulatory Commission (CSRC).

Previously, senior executives and sponsor institutions were required to meet CSRC staff to hear procedures for stock issue. Now, the CSRC will provide written information.

The CSRC will improve refinancing arrangements, implement speed reviews for preferred shares and cut waiting times.

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