What does securities sponsorship mean?

Sponsorship is guarantee and recommendation. If a company wants to go public, it needs sponsors (sponsors) to standardize all the processes of the company, promote listing and ensure the authenticity of the listing materials submitted by the company. \x0d\ Prior to the issuance of securities, the sponsor institution shall give guidance to the issuer in accordance with the provisions of the China Securities Regulatory Commission, recommend the issuer to issue securities for listing, conduct due diligence and prudent verification on the issuer, its promoters, major shareholders and actual controllers in accordance with laws, administrative regulations and the provisions of the China Securities Regulatory Commission, and organize the preparation of application documents and issuance recommendation documents as entrusted by the issuer. After the issuance of securities, the sponsor institution shall determine the content and focus of continuous supervision according to the specific circumstances of the issuer. After the expiration of the continuous supervision period, if there is any unfinished recommendation work, the recommendation institution shall continue to complete it. If the recommendation institution fails to perform its duties diligently during the due diligence recommendation period and the continuous supervision period, the recommendation institution shall still bear corresponding responsibilities after the expiration of the continuous supervision period. \x0d\ The recommendation institution shall perform the following duties within the effective recommendation period: \x0d\ Confirm that the listed enterprises meet the requirements of this Exchange, and provide opinions to the board of directors of the enterprise on whether the listed enterprises continue to meet the requirements after listing; \x0d\ (2) When applying for the initial listing of shares, a listed enterprise shall assist the listed enterprise to handle the listing of shares, confirm that all the application documents for listing transactions conform to these Rules, and submit a listing recommendation letter to this Exchange; \x0d\ (3) Guide and urge the directors, supervisors and senior managers of listed companies to understand and abide by the relevant laws and regulations and the relevant provisions of this Exchange, and promptly and accurately respond to the inquiries of listed companies and their directors, supervisors and senior managers about the rules of this Exchange; \x0d\ (4) Counseling and urging listed companies to fulfill their information disclosure obligations in accordance with laws, regulations and these Rules, and timely reviewing and checking the information disclosure documents to be announced by listed companies and confirming them in writing; \x0d\ (5) Respond to the questions of the Exchange in time; \x0d\ (6) Counseling and urging listed companies to fulfill the obligations required for equity listing transactions; \x0d\ (7) Assist listed companies to establish and improve the corporate governance structure of listed companies in accordance with laws and regulations and these Rules. \x0d\ (8) Ensure that there are sufficient and suitable personnel specializing in sponsorship business; \x0d\ (9) Other duties specified by this Exchange. \x0d\ Coordinator and leader of the whole complicated listing process, providing professional financial advice to listed companies to help them deal with various listing matters; At the same time, it serves as the main communication channel between the listed company and the stock exchange, China Securities Regulatory Commission, Hong Kong Securities Regulatory Commission and various professional intermediaries, ensuring that the listed company is suitable for listing, its important information has been fully and accurately disclosed in the prospectus, and all directors of the listed company understand their responsibilities as directors of the listed company. Its functions also include designing stock promotion strategies and organizing underwriting syndicates.