国企增资公开挂牌未征集到投资人是否可以降价？国资委答复

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) has responded to several high-interest inquiries regarding regulations on state-owned enterprises, particularly focusing on the classification of structured deposits, rules on equity repurchase, and the procedures for capital increase in state-owned enterprises [3][4][5][9]. Group 1: Structured Deposits - Structured deposits are not classified as high-risk financial products under the regulations for non-financial enterprises, as they differ fundamentally from non-principal guaranteed wealth management products [4]. Group 2: Equity Repurchase Regulations - The regulations outlined in the "Enterprise State-owned Assets Transaction Operation Rules" prohibit the inclusion of equity repurchase clauses in capital increase agreements, applicable to state-funded enterprises [5][7]. - Existing repurchase clauses established before the implementation of the new rules are still subject to evaluation regarding their enforceability and associated risks [7]. Group 3: Capital Increase Procedures - The capital increase process for state-owned enterprises must adhere to asset evaluation results and cannot include price adjustments based on operational performance during the transaction period [9]. - The rules governing capital increases do not allow for price reductions in the event that no investors are found during the initial public offering [9].