New offline rules welcome major changes, effective October 1

On August 22nd, the reporter learned from the industry on August 22nd that the Securities Association of China recently drafted and formed the "Decision on Amending the Rules for the Administration of Investors under the Internet for Initial Public Offerings of Securities" (exposure draft), and recently began to solicit industry opinions. Overall, the focus of this revision is to strengthen the professionalism of offline investors, optimize registration conditions, improve the connection with the market value allocation system of new shares on the Science and Technology Innovation Board, and strengthen investor suitability management and behavior management.