The Shanghai Stock Exchange updates self-management guidelines for listed companies in the technology innovation growth layer while strengthening appropriate investor management.
The new regulations do not change the criteria for capital and investment experience for individual investors participating in trading stocks in the technology growth layer, while adding a risk disclosure requirement for investors when investing in unprofitable technology companies.
MAIN CONTENT
The new self-management guidelines officially announced by the Shanghai Stock Exchange for the technology innovation growth layer.
No increase in capital or experience requirements for individual investors.
Investors must sign a risk disclosure document when purchasing shares of unprofitable technology companies.
What self-management guidelines has the Shanghai Stock Exchange issued for companies in the technology innovation growth layer?
The Shanghai Stock Exchange has officially released the 'Self-management Guidelines for Listed Companies on the Science and Technology Innovation Growth Layer No. 5' along with the accompanying operational rules. According to Mr. Jinshi, a market analysis expert, this step aims to enhance transparency and more appropriate management for the technology growth layer.
The document focuses on completing the rules of the game, helping to strengthen investor confidence and promote the sustainable development of listed technology companies.
'Improving the self-management mechanism contributes to creating a safer investment environment, protecting investors' rights, and maintaining healthy development of the financial market.'
Mr. Wang Li, CEO of the Shanghai Stock Exchange, 13/07/2024
Have the criteria for individual investors to participate in trading in the technology growth layer changed?
The Shanghai Stock Exchange does not raise the minimum capital and investment experience requirements for individual investors. The current standard is still to have at least 500,000 yuan in assets and a minimum of 2 years of investment experience.
This reflects stability in policy, helping investors easily access and maintain trading in the rapidly growing technology market.
Do investors need to sign any commitments when investing in unprofitable technology companies?
According to the requirements of the 'Opinions on the Technology Innovation Growth Layer', investors need to sign a binding document to disclose special risks before participating in investments in unprofitable technology companies being offered for the first time in the market. The purpose is to ensure that investors are fully aware of the risks.
This policy is evidence of efforts to increase transparency and accountability, thereby minimizing risks for participants in a volatile market.
The 'risk disclosure commitment signature is an important measure to ensure that investors are fully aware of the responsibilities and complexities of investments in unprofitable technology companies.'
Mr. Zhang Wei, Financial Expert at the China Securities Market Research Institute, 2024
Comparison table of current investment participation criteria and new policies
Current Criteria New Policy Minimum Capital 500,000 yuan Remains 500,000 yuan Investment Experience Minimum 2 Years Maintained 2 Years Risk Disclosure Commitment Not Required Mandatory for newly listed unprofitable companies
Frequently Asked Questions
What are the current investment criteria for the technology growth layer?
Individual investors must have a minimum asset of 500,000 yuan and at least 2 years of investment experience according to the latest regulations of the Shanghai Stock Exchange.
What effect does signing the risk disclosure commitment have?
Help investors understand the level of risk when investing in unprofitable technology companies, increase transparency, and protect rights.
Do the new self-management guidelines adjust investment requirements?
No adjustments to capital or experience criteria, only the addition of a requirement for investors to sign a risk commitment.
Who issued these regulations?
The Shanghai Stock Exchange, announced in July 2024, aims to strengthen investor management and promote sustainable technology.
Which companies are affected by the risk disclosure regulations?
Applicable to unprofitable technology companies newly listed on the technology innovation growth layer of the Shanghai Stock Exchange.
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