Wu Qing: Optimize the refinancing mechanism and introduce shelf issuance.

On March 6th, at the economic themed press conference of the Fourth Session of the Fourteenth National People's Congress, Wu Qing, chairman of the China Securities Regulatory Commission, stated that optimizing the refinancing mechanism will further optimize the refinancing registration mechanism at the institutional level. Further enhance the inclusiveness and adaptability of institutional rules, including optimizing the criteria for identifying strategic investors, establishing participation of social security, insurance, provident funds and other medium to long-term funds, introducing shelf issuance, guiding rational and effective financing, improving the lock-in price placement mechanism, and promoting the alignment of stock placement prices with market prices to better balance the interests between listed companies and investors, and further optimize the simplified procedures for refinancing.