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Editor's Note: in order to promote the healthy and steady development of China capital market, the Commission recently launched intensive six initiatives. This special launch series, each of these initiatives conducted in-depth analysis and interpretation. 22nd, 23rd and 24th respectively launched the bond market calling for chess policies are still needed at high speed, and the prevention and control of insider trading of capital market from the source "rodent" escalation of action andChaos-ridden under the State Council over more than 300 trading venues will straighten up, today published the change higher earnings to issue new shares of correlation analysis reports. Securities dividends promised new rules mean gem into the articles after the SFC bonus has just introduced new initiatives, journalists today was informed that the detailed rules for the Securities and Futures Commission recently launched dividend of listed companies for gem,Require the gem company dividends promised to write a Constitution, and tips on major matters in the prospectus. In addition, the Commission requires the gem company to develop the dividend return plan, should be continued. According to the requirements of the securities, the issuer should be clear in the articles: issue shares to be listed after profit distribution policies, including the distribution of profits in the form of cash dividendsSpecific conditions and the amount or ratio, specific conditions, the distribution of profits to distribute stock dividends during the interval, such as distribution of profits shall perform the procedure for the consideration. At the same time, issuers on profit distribution planning decisions and adjustment mechanisms also need to be clear in the articles. As a result of large changes in the external business environment and internal operation of the need to adjust the profit distribution policy, should be based on shareholder rightsProtection as the starting point, at the general meeting of shareholders for detailed demonstration and explanation in the proposal. Under the new rules will be expected to disclose in the prospectus issued profit distribution policy and implementation during the reporting period, including the reasons that are not for profit distribution as well as the retention fund use. In addition swtor credits, the company's dividend return factors considered by the planning and formulation and decision-making processes also require that disclosed in the prospectus�� The industry believes, the SFC corporate dividend requirements are listed on GEM sources began to grab. At the same time, concern is that of the SFC to require issuers in prospectuses Home on the dividend policy for "significant matters tips", to issue shares to be listed after the profit distribution policy, the specific plans to reward plan, dividend policy and dividends instructions. With thisCorresponding to, sponsor organizations, lawyers and intermediaries such as reporting accountants have many duties, to the issuer's dividend policy disclosure verification and the verification opinion. Special requirements of the SFC, verification of intermediaries should indicate whether the profit distribution policy issuers focus on giving investors steady returns, whether it is conducive to protecting the legitimate rights and interests of investors, company prospectus and prospectusBooks on profit allocation matters swtor power leveling, such as whether the disclosure of relevant provisions. Although on the face of the SFC's new rules mainly for information disclosure of companies pay dividends for the specification and refinement, and doesn't force much percentage of cash dividends, but investment bank who pointed out that, although not listed any hard constraints, but in practice in the implementation process, the SFC may be similar to the instruction window the way youSeek corporate dividend commitments, especially for IPO companies, have been implementing this requirement. Practitioners say, compulsory dividend rules of implementation of and follow-up to, IPO from gem company began. Bonus rules governing boards and small and certainly will continue. This reporter learned that, although the current Board and small bonus rules have not yet issued, but the IPO materials haveVolume be listed companies have joined the dividends promised in the original prospectus. November 10, the Commission held a media briefing, promised in response to market the four hot spots, to force listed companies increase cash dividends reward shareholders, strengthening the construction of credit of listed companies, and so on. Recently issued to the various market organisations implement the document, whether it is good faith builtSet was also stepped up its dividend, first start with the second board companies. On November 18, Commission officials said the delisting of the gem system will also be made public for comment. Open frame early release under gem in the GEM listing rules of the Shenzhen Stock Exchange 11 clear delisting criteria, including the last two years of losses, the most recent fiscal yearShown that year audited a negative net worth, the company implemented stock 120 consecutive days cumulative turnover of less than 1 million shares. In July this year, General Manager of Shenzhen Stock Exchange announced Song Liping, on this basis will also add two standard-nearly accumulated Exchange publicly censured 3 times within 36 months, prices for 20 consecutive trading days less than the nominal value of stocks transactions,The GEM listing on the stock. (Securities daily) Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investor actions accordingly, and at your own risk.