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Reporter Li Yu reports from Shenzhen
Issued by Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation today《 Notice on Several Issues Concerning the Issuance and Listing of Warrants 》Compared with Shanghai Stock Exchange, Shenzhen Stock Exchange has launched a new warrant master dealer system, further increasing the requirements for warrant information disclosure. The list of holders with more warrants, the transactions of the five business departments with the largest daily trading volume, the warrant premium rate and the warrant custody data suspected of illegal transactions will be publicly disclosed.
The notice pointed out that the SZSE would publish the list of holders of each warrant's negotiable quantity and the number of warrants that reached or exceeded 5% of the negotiable quantity before the opening of the market every day; Announce the names of the five member business departments or seats with the largest buying and selling amounts of warrants and their respective buying and selling amounts on a daily basis; stay negotiable securities The warrant premium rate is published in the market system in real time to reveal the extent of deviation between the warrant trading price and the underlying securities trading price. In addition, when warrant trading is seriously abnormal or is suspected of illegal trading, SZSE may publish relevant warrant custody data, relevant securities account code (omit some fields), buying quantity, selling quantity, holding shares and other information as appropriate.
In terms of front-line supervision of warrant trading, SZSE will conduct real-time monitoring on warrant trading. When warrant trading is seriously abnormal or suspected of illegal trading, SZSE will suspend warrant trading as appropriate. For members and their business departments with abnormal transactions or suspected violations, SZSE can take oral or written warnings, interview, on-site inspection, request to provide relevant documents, restrict warrant transactions of members and their business departments or relevant securities accounts, and report to China CSRC Investigation and punishment and other regulatory measures.
The notice stipulates that the warrant issuer shall select at least one securities company recognized by Shenzhen Stock Exchange to act as the warrant master dealer. The warrant master dealer shall perform the obligation of two-way quotation for relevant warrants. SZSE has the right to supervise and evaluate the performance of the two-way quotation obligation of the warrant master dealer.
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