Questions and Answers on the Oversight of Offerings: Regulatory Requirements in Respect of Matters Relevant to the Bringing in of Strategic Investors by Listed Companies Through the Private Offering of Shares

发行监管问答——关于上市公司非公开发行股票引入战略投资者有关事项的监管要求

CSRC defines "strategic investors" in private offering of shares

(Issued by the China Securities Regulatory Commission on March 20, 2020.)

(中国证监会于二零二零年三月二十日发布。)

 

为正确理解和适用非公开发行股票引入战略投资者相关规则,大力推动提高上市公司质量,增强资本市场服务实体经济的能力,根据《上市公司证券发行管理办法》(以下简称《管理办法》)《创业板上市公司证券发行管理暂行办法》(以下简称《创业板管理办法》)及《上市公司非公开发行股票实施细则》(以下简称《实施细则》)有关规定,制定本监管问答。

These Questions and Answers have been formulated based on relevant provisions of the Measures for the Administration of Securities Offerings by Listed Companies (the Measures), the Tentative Measures for the Administration of the Offering of Securities by Companies Listed on the Growth Enterprise Market (the Tentative Measures) and the Implementing Rules for the Private Offering of Shares by Listed Companies (the Implementing Rules) in order to correctly understand and apply rules for the bringing in of strategic investors through the private offering of shares, endeavor to enhance the quality of listed companies and strengthen the capital markets' capacity to serve the real economy.

问:上市公司依照《实施细则》第七条引入战略投资者,有什么具体要求?

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