Securities Supervision Commission: Emphasize that the use of proceeds raised should be dedicated to special funds, focus on the main business, and support the development of the real economy
2025-05-15 10:02:35
On May 15th, the Securities Supervision Commission issued the "Regulations on the Supervision of Proceeds Raised by Listed Companies". It is emphasized that the use of proceeds raised should be dedicated to special funds, focusing on the main business and supporting the development of the real economy. First, the general requirements for the use of proceeds raised are put forward, and it is emphasized that special funds should be adhered to and used for the main business. Second, it is clear that the end use of excess funds should be projects under construction and new projects, repurchase and cancellation, and shall not be used to permanently replenish liquidity and repay bank loans.
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