机构打新"白名单"来了。为强化询报价行为监管，充分发挥网下专业机构投资者示范带动作用，近日， 中国证券业协会发布2024年网下专业机构投资者"白名单"。 网下机构投资者具有专业研究定价能力，在新股发行中发挥着价值发现的重要作用。随着股票发行注册 制改革深入推进，对网下投资者参与首次公开发行证券网下发行业务的综合能力水平提出了更高的要 求。中证协表示，为适应改革需要，协会以专业能力建设为导向，将具有示范作用的网下专业机构投资 者列入"白名单"，推动形成高质量网下投资者队伍。经网下投资者自评、复核、征求意见、信息公示， 最终确定将首批21家网下专业机构投资者纳入"白名单"，包括博时基金、大成基金、富国基金、广发基 金、国泰基金、华安基金、华泰资管、汇添富基金、交银施罗德基金等。 进入"白名单"，能够带来一系列潜在利好。中证协介绍，为体现执业声誉正面导向，切实增加"白名 单"机构的获得感，在日常管理工作中对"白名单"网下投资者采取一定激励措施：一是开通网下投资者 注册绿色通道、减免信息报送要求；二是在入会、登记、备案、注册、业务创新安排等工作中，提供优 先办理、简化程序或材料等服务；三是选任专业委员会委员时优先考虑 ...

Core Viewpoint - The China Securities Association (CSRC) has released a draft list of 21 qualified offline professional institutional investors for 2024, which will be open for public supervision from July 11 to July 24, 2025. This initiative aims to enhance the market ecosystem by guiding professional institutional investors to play a demonstrative role [1][2]. Group 1: Institutional Framework - The "white list" is a reputation management mechanism for offline professional institutional investors based on their past participation in the offline inquiry and subscription of newly issued securities, rather than a comprehensive evaluation of their overall business performance [2]. - The CSRC has previously established a selective list evaluation mechanism for offline investors, with the first list published in 2022, which has significantly contributed to self-regulation and orderly issuance of new stocks [2]. Group 2: Selected Institutions - The 21 institutions included in the "white list" comprise 2 securities firms (CITIC Securities and China International Capital Corporation), 1 asset management company (Oriental Red Asset Management), 14 public fund companies (including Bosera, Great Wall, and Southern Fund), and 4 insurance and asset management companies (including China Life Pension Insurance and Ping An Asset Management) [3]. Group 3: Incentive Measures - The "white list" will initially be piloted within securities, fund, and insurance institutions, with plans to gradually expand to other market entities. It aims to enhance resource allocation, mitigate market risks, and support high-quality capital market development [4]. - The CSRC will implement several incentive measures for "white list" investors, including expedited registration processes, reduced information reporting requirements, and priority consideration for committee appointments [4].