Shanghai Stock Exchange (SSE) revised the Tentative Examination and Approval Regulation on Securities Listing (the “Securities Listing Regulation”) to specify the approval procedure for the listing of securities on SSE. The old version was promulgated and effective on June 12, 2006.

The Securities Listing Regulation applies to the examination of the following matters:

  • the IPO of stocks, enterprise bonds, corporate bonds;
  • relisting of stocks, enterprise bonds, corporate bonds and convertible bonds after suspension;
  • suspension and termination of listing of stocks, enterprise bonds, corporate bonds and convertible bonds;
  • listing, suspension, relisting and termination of other securities handled by SSE.

Securities issuer may apply to be listed or relisted in accordance with the Securities Listing Regulation. The Listing Committee of SSE is in charge of examining and approving securities listing matters. Members of the Listing Committee are selected from professionals in legal, accounting and other relevant fields, and the name list will be announced to the public. For each examination, seven members from the Listing Committee are selected to participate in the examination, and at least five members, including one legal professional and one accounting professional, should actually participate in each examination.

Decisions by the Listing Committee are carried out in the form of an open vote and each participating member has one vote. Examination resolutions need to be approved by a two-thirds majority vote by the participating members. If the proposed issuer is not satisfied with the result, it may request a review of the decision by SSE Review Committee.

  • Tentative Examination and Approval Regulation on Securities Listing (2009 revision)
  • Issuing Authority: Shanghai Stock Exchange
  • Date of Issuance: August 6, 2009 / Effective Date: August 6, 2009