The main board of Shenzhen Stock Exchange and the SME board were formally merged
Beijing, April 6 (Xinhua/Yao Junfang and Wu Yanting) On April 6, the merger of the main board of Shenzhen Stock Exchange and the small and medium-sized board, which attracted much market attention, was formally implemented. The three companies were listed on the main board of Shenzhen Stock Exchange at a listing ceremony.
After the merger of the two boards, the securities category of the listed companies on the original SME board will be changed to “A-shares on the main board”, and the securities codes and abbreviations will remain unchanged.
The CSRC said the overall arrangement for the merger of the two boards was “two unified and four unchanged”. “Two Unifications” refers to the unified business rules of the main board and the small and medium-sized board, and the unified operation and supervision mode. “Four unchanged” means that the listing conditions, investor threshold, trading mechanism and securities code and abbreviation remain unchanged after the merger of the plates.
In May 2004, SSE set up a small and medium-sized board in the main board of SSE, as an important step to promote the Growth Enterprise Board step by step.
The SSE said that after 16 years of development, the SME board listed companies have converged with the main board in terms of market capitalization, performance and trading characteristics. The merging of the main board and the small and medium board is a natural choice to comply with the law of market development and also an inherent requirement to construct a concise and clear market system.
After the merger of the main board and the SME board, the Shenzhen Stock Exchange will form a market pattern with the main board and the Growth Enterprise Board as the main bodies, which is conducive to optimizing the plate structure of the Shenzhen Stock Exchange and better meeting the financing needs of enterprises in different stages of development.