Sundial has helped multiple companies quickly pass the NEEQ review, effectively shortening the review cycle.
Date: 2024-02-26Recently, Sundail has successfully assisted several companies in passing the NEEQ review quickly through the "Direct Linkage Mechanism" or the "Green Channel", as follows:
In December 2022, the Beijing Stock Exchange and the National Equities Exchange and Quotations (NEEQ) introduced the Direct Linkage Mechanism for listing and review supervision to enhance the efficiency of company listing and review. The Direct Linkage Mechanism involves centralizing the management of listing review and listing review of the Beijing Stock Exchange under the same department, effectively ensuring the stability of the review and reducing the cost of repeated reviews. With the company's voluntary application and verification by the sponsoring securities company, for companies applying for listing on the Beijing Stock Exchange immediately after one year of listing through the Direct Linkage Mechanism, the NEEQ and the Beijing Stock Exchange implement centralized internal management of their listing review, ongoing supervision, listing review, and other businesses. Through the Direct Linkage Mechanism, it is expected that high-quality companies on the NEEQ can achieve a normalized listing on the Beijing Stock Exchange within one to two months after one year of listing.
On August 4, 2023, the NEEQ released the "Guidelines for the Review of Public Transfer and Listing of Stocks of Small and Medium-sized Enterprises in the National SME Share Transfer System - Innovative Enterprises from Regional Equity Markets Application and Review (Trial)", clarifying two convenient mechanisms for regional equity market-listed companies to apply for listing on the NEEQ: public review and green channel. Among them, the green channel mechanism is to open a "fast lane" for four types of enterprises listed on the fourth board, including specialized, refined, and innovative small and medium-sized enterprises, specialized, refined, and innovative "little giants", manufacturing single-champion enterprises, or enterprises in the "specialized, refined, and innovative" special board cultivation layer, providing special support measures such as pre-submission consultation, priority acceptance, and fast review; the public review mechanism is for high-quality enterprises such as "specialized, refined, and innovative" little giants and manufacturing single-champion enterprises cultivated on the "specialized, refined, and innovative" special board, which will be publicly displayed on the official website of the NEEQ for 20 natural days, and can be listed without raising review inquiries if no objections are received during the public display, simplifying the listing review process for related enterprises by introducing a market supervision mechanism.
It is reported that the NEEQ has signed memoranda of cooperation on green channel and public review supervision with four regional equity markets including Zhejiang, Wuhan, Chongqing, and Ningbo, and has signed memoranda of cooperation on green channel supervision with 14 regional equity markets including Beijing, Tianjin, Shanxi, Liaoning, Shanghai, Jiangsu, Anhui, Jiangxi, Qilu, Zhongyuan, Hunan, Guangdong, Xinjiang, and Qingdao.
