rules and regulations
On 20021September 17, Beijing Stock Exchange issued the Measures for the Administration of Investor Suitability of Beijing Stock Exchange (Trial).
After the opening of the North Stock Exchange, the entry threshold for individual investors is 500,000 yuan of daily securities assets in the 20 trading days before the opening of trading authority, and they have more than 2 years of securities investment experience. Investors who have opened the trading authority of the selected layer before the opening of the North Exchange will automatically shift their trading authority to the North Exchange. From the date of promulgation of the rules, investors can make an appointment to open the trading authority of the North Exchange. There is no capital threshold for institutional investors to enter. According to the Beijing Stock Exchange, after the release of this rule, before the opening of the Beijing Stock Exchange, investors still need to reach the securities asset standard of 6,543,800 yuan before they can participate in the stock trading at the selected level.
In addition, the National Stock Transfer Company simultaneously revised the investor appropriateness management measures, and the threshold for investors in the innovation layer of the New Third Board was adjusted from 6.5438+0.5 million yuan to 6.5438+0.5 million yuan from now on.
Business rules
202 1,1,six business rules, including the Detailed Rules for Securities Trading of Qualified Foreign Institutional Investors of Beijing Stock Exchange and Qualified Foreign Institutional Investors of RMB, were issued by the North Stock Exchange on 2002 1 1, 65438. The above rules, together with the 45 business rules issued in the early stage, cover issues such as listing, financing mergers and acquisitions, corporate supervision, securities trading, member management, investor suitability, etc., and form a self-discipline rule system of the North Exchange.
Announcement No.1 1-9 of "Guidelines for the Application of Beijing Stock Exchange's Business Rules for Public Offering and Listing of Stocks to Unspecified Qualified Investors" issued by Beijing Stock Exchange clearly stipulates that the issuer shall not belong to industries with overcapacity (the identification of industries with overcapacity shall be subject to the provisions of the competent authorities of the State Council), and shall not engage in eliminated industries specified in the Guidance Catalogue for Industrial Structure Adjustment, and shall not engage in pre-school education, discipline training and other businesses.
basic system
On October 30th, 20021,1,the CSRC issued the basic system of Beijing Stock Exchange, initially established the basic system of issuance financing, continuous supervision and exchange governance of Beijing Stock Exchange, and made it clear that the effective date of the basic system was 1 15.
This also means that the Beijing Stock Exchange will open in June 165438+ 10 15, when more than 68 selected companies in the New Third Board market will all move to the North Stock Exchange.