Viewpoints

CHU Xiaoming: Registration-based IPO reform touches the nature of capital market operation
June 15,2021

  CHU Xiaoming, Chairman of Shenwan Hongyuan Securities Co.,Ltd. remarked at the Night Chat by Huangpu River of the 13th Lujiazui Forum 2021 that registration-based IPO reform touchesthe soul of the capital market.

  CHU said the registration-based IPO reform, another major reform measure of the capita market since the share merger reform, will advance the development and innovation of fundamental systems in the capital market. The reform lays emphasis on making the IPO process more institutionalized, transparent and compatible with international practiceswhile at the end of the day, it touches the nature of the capital market operation through readjusting the relationship between government and market.