Because it is difficult for unqualified brokers to set foot in the listed business. Moreover, the terms sponsor and sponsor are mainly used in the context of listing.
From a global perspective, sponsors should reach an agreement with enterprises to recommend qualified enterprises to be listed, and be responsible for ensuring that applicants are suitable for listing, listing documents are accurate and complete, and directors are aware of their responsibilities and obligations. The responsibility of the sponsor shall continue to be borne within two complete fiscal years after the issuer's listing.
Extended data
The responsibilities of sponsors to listed issuers (i.e. companies listed on the Growth Enterprise Market):
1. As the main communication channel between listed issuers and the Stock Exchange, it must try its best to deal with all matters concerning listed issuers raised by the Stock Exchange.
2. Regularly review the operating performance and financial status of the issuer together with the issuer, and assist the issuer to decide whether it is necessary to make any announcement by comparing the issuer's operating target statement and profit forecast (if any).
3. Before publicly publishing all announcements, listing documents and circulars, as well as the issuer's annual report, annual accounts, semi-annual report and quarterly report, these documents must be checked with the issuer to ensure that the issuer's directors understand the importance of disclosing all important information to shareholders and the market.
4. All newly appointed members of the issuer's board of directors shall be briefed on the nature of their responsibilities under the GEM listing rules and other applicable securities laws and provisions, as well as their general responsibilities to shareholders and issuers' creditors.
Baidu encyclopedia-organizer
Baidu encyclopedia-broker