What development registration system will be fully implemented?

Legal analysis: fully implement the securities issuance and registration system and vigorously develop venture capital and equity funds. The reform of the registration system is divided into three steps, that is, from the science and technology innovation board to the growth enterprise market and then to the whole market. Therefore, the so-called "all-round promotion" is "overall promotion", and more importantly, "overall promotion". Not only is the transaction subject to 20% fluctuation, but Yi Huiman also mentioned four "key institutional innovations" in turn: transaction, delisting, refinancing, merger and reorganization.

Legal basis: Securities Law of People's Republic of China (PRC).

Article 6 Securities industry, banking industry, trust industry and insurance industry are operated and managed separately, and securities companies are established separately from banks, trusts and insurance institutions. Unless otherwise stipulated by the state.

Article 7 The securities regulatory authority in the State Council shall exercise centralized and unified supervision and management over the national securities market according to law. The State Council securities regulatory authority may set up representative offices as required to perform supervision and management duties as authorized.