证监会：2025年首发企业“一查就撤”等市场乱象得到根本扭转

Group 1 - The China Securities Regulatory Commission (CSRC) conducted on-site inspections for 20 companies applying for initial public offerings (IPOs) in 2025, with 16 randomly selected and 4 problem-oriented companies [1] - Among the inspected companies, 8 were from the main board, 9 from the Sci-Tech Innovation Board, and 3 from the Growth Enterprise Market [1] - By the end of 2025, none of the 16 randomly selected companies withdrew their IPO applications, and 7 companies passed the exchange's listing committee review [1] Group 2 - Two companies were found to be suspected of major violations in information disclosure, including inflating revenue through fictitious business activities [2] - Six companies exhibited defects in information disclosure quality, such as improper accounting treatment and omissions in disclosures related to major shareholders [2] - Twelve companies had normative flaws in information disclosure, which did not affect the review judgment, and the CSRC urged these companies and their intermediaries to rectify the issues [2]