Rumors spread about multiple policy changes, including an increase in the proportion of on-site inspections for IPOs and a temporary suspension of projects by investment banks. Various parties are seeking confirmation: old news pieces are patching together a "mini-essay".
Today, there are rumors about changes in IPO policies again. It was mentioned that "on the night of February 21, the Securities Regulatory Commission issued three announcements, increasing the IPO on-site inspection ratio from 5% to 20%, extending the lock-up period for rush purchases to 36 months, effective April 7. In addition, investment bank projects were temporarily suspended, and regulations aimed to cool down the primary market." Journalists inquired with multiple investment banks and found out that the news was a "patchwork of old news." Firstly, the official website of the Securities Regulatory Commission showed that no relevant announcements were made on February 1. Secondly, the increase in the IPO on-site inspection ratio to 20% was a policy released in April 2024. Thirdly, the 36-month lock-up period for rush purchases was already implemented in 2021. In addition, journalists interviewed multiple brokerage investment banking departments and private equity institutions, all of whom stated that they had not received any new regulatory notifications, and existing IPO projects were progressing normally without any bulk suspensions.
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