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Decisions of the China Securities Regulatory Commission on issues amending measures for the Administration of Securities Issuance and Underwriting
released by:admin Time:2012-6-26 10:54:36 Read:1658Time

Decisions of the China Securities Regulatory Commission on issues amending measures for the Administration of Securities Issuance and Underwriting
Promulgating Institution:       China Securities Regulatory Commission
Document Number:           Order No.78 of the Securities regulatory
Promulgating Date:           05/18/2012
The decisions states that initial public offerings of shares, in addition to pricing by inquiry way, also can directly pricing by independent consultation between the issuer and the main underwriter, and other lawful feasible way to determine the issue price. If we adopt the inquiry pricing, the issuer and the main underwriter can directly determine the issue price according to initial query result, determine the price range by preliminary inquiry and determine the issue price through the accumulated bidding inquiry in the price range.
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