★证监会加强上市公司募集资金监管

Core Viewpoint - The revised "Regulations on the Supervision of Fundraising by Listed Companies" emphasizes stricter regulation of fundraising, ensuring funds are used specifically for main business operations to enhance efficiency and improve the quality of listed companies [1][2][3] Group 1: Fundraising Usage - The regulations mandate that fundraising must be used specifically for main business operations, supporting the development of the real economy, and prohibit the use of excess funds for permanent working capital or repaying bank loans [1] - Changes in the use of fundraising and slow usage progress will be strictly monitored, with clear penalties for unauthorized changes [1] Group 2: Fundraising Security - The regulations require standardized cash management practices, maintaining high safety and liquidity, and ensuring that cash management does not harm the interests of listed companies and investors [2] - Stricter supervision of fund accounts is mandated, with temporary working capital supplements needing to be conducted through special accounts [2] Group 3: Fundraising Efficiency - Companies are allowed to replace self-raised funds with raised funds within six months after the funds are received, with specific provisions for difficulties in direct payments [2] - Companies must reassess fundraising projects in response to significant market changes, encouraging active monitoring and advancement of project construction [2] Group 4: Responsibilities of Intermediaries - The regulations stipulate that sponsoring institutions must provide opinions on significant changes in fundraising investment projects and conduct timely on-site inspections [3] - A mechanism for legal responsibility alignment with relevant higher laws is established to promote diligence among intermediaries [3]