Legal basis: Article 15 of the Securities Law of People's Republic of China (PRC) * * * the State Council Securities Regulatory Authority is responsible for approving stock issuance applications according to legal conditions. The examination and approval procedures shall be open and subject to supervision according to law.
The personnel involved in the application for stock issuance shall not have any interest with the applicant; Do not accept gifts from card issuers; Do not hold stocks that have been approved for issuance; Private contact with the applicant is not allowed.
The examination and approval of the application for corporate bond issuance by the department authorized by the State Council shall refer to the provisions of the preceding two paragraphs.