wholesale mens gold plated jewelry ST New Regulations 2021 Interpretation

wholesale jewelry jobs in newm york city The reform of the delisting system that has attracted high attention finally landed! Late at night on December 31, 2020, around the new round of delisting system reform, the Shanghai and Shenzhen Exchange officially released the newly revised "Shanghai Stock Exchange Stock Listing Rules", "Shenzhen Securities Securities", Shenzhen Securities A number of supporting rules such as the Exchange Stock Listing Rules "(hereinafter referred to as the" Stock Listing Rules ") and the" Listing Rules for the Listing of Stocks of the Shanghai Stock Exchange "and" Shenzhen Stock Exchange GEM Stocks " City New Regulations ").
The most concerned is to strictly set up major financial fraud and exit quantification indicators: reduced the fake period from 3 years to 2 years; reduced the proportion of counterfeiting from 100%to 50%; 100 million yuan was reduced to 500 million yuan; at the same time, new operating income indicators were added. After the CSRC issued a new regulations on the exchange, they also issued a reporter's question at the same time stating that the China Securities Regulatory Commission would broaden the channels for exit, strengthen the supervision of delisting, accelerate the formulation of relevant investors' protection systems, strengthen the issuance of listing, re -financing, mergers and acquisitions and reorganizations The full -chain supervision and accountability of the full process of delisting, regulatory law enforcement, etc., and promoting the implementation of the "Implementation Plan for the Implementation of Listed Companies' delisting Mechanisms".
The main points of the nine major delisting rules, new market value delisting
The following is the main point of the new delisting rules:
. The new market value delisting, the total market value of 20 consecutive trading days average It will be delisted for a market value below RMB 300 million.
2. The face value delisting standard is clearly the "1 yuan delisting", and a transition period is set up: the stock retreat, the "low face" time starts before the new regulations, enter the delisting in accordance with the original rules, enter the delisting in accordance with the original rules. Set up transactions.
3. Det off for a single net profit and revenue indicators. Those with a low net profit of the new rules are negative and revenue is less than 100 million yuan, which will be put on*ST. Those with low net profit after two consecutive years are negative and low in revenue In the 100 million yuan, if it will be terminated; if the delisting risk warning stock is issued a non -standard audit report, the termination standard will be touched.
4. Added major illegal financial fraud indicators: financial fraud for 2 consecutive years, revenue, net profit, profit, and balance sheet false records of more than 500 million yuan, and exceeding the total two -year total amount of the corresponding subjects 50%. When a major illegal delisting exemplation was suspended, it was postponed from the date when the administrative penalty was notified or the court's decision was postponed to the date when the administrative penalty decision or the court's decision took effect.
5. Added normative indicators, information disclosure, regulatory operations have major defects, refuse to correct and half of directors, and do not guarantee the half -year or annual report. The above situation appeared, and the company's suspension of trading has not been corrected within two months, the implementation of the delisting risk warning, and has not been corrected for two months to terminate the listing.
6. Cancellation of the suspension of listing and restoration of listing, clarifying that the financial indicators have touched the financial indicators for two consecutive years, and the listing is terminated. If the company's stock is terminated, the convertible bonds can be terminated simultaneously.
7. There is no delisting period for transaction delisting. There is no restriction on the decline in the other type of delisting and finishing period, and the delisting period has been reduced from 30 trading days to 15 trading days.
8. Regarding major illegal forced delisting, it has been notified or decided by administrative penalties before the new regulations, and may be touched by major illegal forced delisting. The book, from 2015 to 2020, determines whether it touches major illegal forced delisting in accordance with the original rules and standards, and judge whether it touches major illegal forced delisting in accordance with the new standards of 2020 and later.
9. The risk warning board is set up in Shenzhen, and the specific implementation time will be notified separately. Risk alert stocks and delisting shares enter the risk warning board transaction, set up the upper limit of transaction volume, and buy a total of more than 500,000 shares daily. Ordinary investors buy the stock stock for the first time and need to sign the risk to reveal the book. Participating in the delisting and finishing stocks must meet the threshold of "500,000 yuan in assets 2 years of investment experience". [Extended information]
, in addition, the exchanges also set up the transitional arrangement of the new and old delisting system: those who have been suspended, after disclosure of the 2020 annual report, the old delisting system is still implemented; Arrange the following processing methods:
1. If the risk of the new regulation delisting risk and the original rules are suspended, the risk of delisting is suspended; , Cancel other risk alerts;
3. Non -touched warnings of new regulations for delisting, but if the old suspension of listing rules is touched, it will not suspend listing and implement other risk warnings;
4. Touch the risk of new regulations for delisting market The warning and other risk alert shall be implemented in accordance with the new regulations.