SSE Publishes Guide for Securities Issuance and Underwriting Business No. 3 - Stock Code Management

17 Sep 2021

Officially published on September 17, the SSE Guide for Securities Issuance and Underwriting Business No. 3 - Stock Code Management (shortened hereinafter as the Stock Code Management Guide) will come into effect on October 1, 2021. After its implementation, the publication of prospectus and the launching of issuance shall comply with its provisions. Subsequently, the Shanghai Stock Exchange (SSE) will revise the corresponding provisions in its Issuance and Listing Guide for IPO on the Main Board and its Issuance and Listing Guide for IPO on the STAR Market.

The Stock Code Management Guide follows the basic principles of unified rules, openness and transparency, and maintaining flexibility while refusing exceptions, and makes it clear that an issuer can select a stock code based on lottery. In this process, the SSE’s issuance and underwriting business system will randomly generate 10 codes out of the top 100 unused codes (in ascending order) within the range of stock codes corresponding to the board which the issuer plans to list on, and the issuer will select one out of the 10 codes as its stock code. The range of codes that are used for the next lottery will be replenished to 100 so as to ensure that the lottery is fair.

Next, under the coordination and guidance of the China Securities Regulatory Commission, the SSE will continue to raise the quality and efficiency of services by improving the rules related to the issuance and listing business and optimizing the issuance and underwriting business system.

Attachment:

Notice on Publishing the SSE Guide for Securities Issuance and Underwriting Business No. 3 - Stock Code Management