On April 16, Li Weiyou, deputy director of the Issuance Supervision Department of the China Securities Regulatory Commission, said that the main ideas for improving the evaluation index system of scientific and technological innovation attributes this time include the following four aspects.
Firstly, it further strengthens the positioning of the Science and Technology Innovation Board with the surname "Ke"; secondly, it establishes a clear and operable negative list, strictly limits the industry fields of the Science and Technology Innovation Board, and actively supports the new generation of information systems, Hard technology companies in six major industry sectors, including high-end equipment, are listed on the Science and Technology Innovation Board. Enterprises that innovate in financial technology models and other types will be strictly controlled and restricted from being listed on the Science and Technology Innovation Board based on their scientific and technological innovation attributes. It is prohibited for real estate companies and companies mainly engaged in financial investment businesses to be listed on the Science and Technology Innovation Board.
The third is to give full play to the role of the exchange's Science and Technology Advisory Committee; the fourth is to highlight qualitative and quantitative comprehensive research and judgment, and strictly prevent R&D investment from being watered down and sudden purchase of patents.
Li Weiyou said that there are currently more than 250 companies listed on the Science and Technology Innovation Board, with an average R&D investment of 12% and an average R&D investment of 117 million yuan, which are significantly higher than other sectors.
At the same time, at the regular press conference of the China Securities Regulatory Commission on April 16, the "Guidelines for the Evaluation of Science and Technology Innovation Attributes (Trial)" were revised. It was mentioned that the China Securities Regulatory Commission reported on financial fraud cases since 2020.
Chen Jie, deputy director of the Inspection Bureau of the China Securities Regulatory Commission, said that since 2020, the China Securities Regulatory Commission has investigated and dealt with financial fraud cases strictly, quickly and severely in accordance with the law, and handled 59 related cases, accounting for 23% of the information disclosure cases handled.
Chen Jie said that financial fraud cases mainly present the following characteristics: First, the fraud models are complex, and systemic and full-chain fraud cases still occur; second, the fraud methods are hidden, and traditional methods are mixed with new first-time products* ** students; third, the motivations for fraud are diverse, and fraud is relatively prominent in the field of mergers and acquisitions; the circumstances and harmful consequences of fraud are serious, some cases are suspected of criminal offenses, and individual cases have large amounts of fraud and a long span of time, and are associated with the occupation of funds, illegal guarantees, etc. A violation of laws and regulations.
In the next step, the China Securities Regulatory Commission will strengthen law enforcement and judicial coordination, insist on double investigation in one case, crack down hard on financial fraud, fraudulent issuance and other vicious violations of laws and regulations, resolutely hold relevant institutions and personnel accountable for their illegal activities, and continuously improve The three-dimensional accountability system of administrative law enforcement, civil recovery and criminal punishment maintains the order of the three markets.
Chen Jie said that the China Securities Regulatory Commission will continue to strengthen the full chain supervision of listed companies, adhere to scientific supervision, classified supervision, professional supervision and continuous supervision, and urge listed companies and major shareholders to strictly abide by the four bottom lines, namely non-disclosure Falsify information, do not engage in insider trading, do not manipulate stock prices, do not harm the interests of listed companies, etc., consolidate the main responsibilities of listed companies, improve corporate governance levels, effectively resolve risks, and improve the quality of listed companies.