IPO现场检查不能将北交所IPO公司落下

Core Viewpoint - The second batch of IPO on-site inspection list released by the China Securities Association includes 12 companies, indicating a significant increase in the number of companies undergoing inspections compared to the first batch, which only had two companies [1][2]. Group 1: IPO Inspection Significance - On-site inspections are an effective method for IPO review, allowing auditors to verify the authenticity of the financials of the issuing companies [1]. - The increase in the number of companies undergoing inspections aligns with the call from the chairman of the China Securities Regulatory Commission (CSRC) to significantly enhance on-site inspections [2]. Group 2: Distribution of Companies - Among the 12 companies listed for inspection, 8 plan to list on the Shanghai Stock Exchange (SSE), including 3 on the main board and 5 on the Sci-Tech Innovation Board, while 4 aim for the Shenzhen Stock Exchange (SZSE), comprising 3 on the main board and 1 on the ChiNext [2]. - Notably, there are no companies listed for inspection that plan to go public on the Beijing Stock Exchange (BSE), indicating a potential oversight in the inspection process [2][3]. Group 3: Need for Fairness in Inspections - The current approach to IPO inspections appears inadequate as it does not include companies seeking to list on the BSE, despite the CSRC regulations applying to all exchanges [3]. - The BSE has seen a significant number of IPO applications, and companies choosing to list there, especially those that previously withdrew applications from SSE or SZSE, should also be subjected to on-site inspections [4]. - It is essential to ensure that all IPO companies, regardless of their chosen exchange, are treated equally and face the same rigorous inspection standards [4].