Whether the brokerage company withdraws the information will be announced, and 15 institutional IPO sponsorship projects will be "wiped out" during the year

On August 14, following the proposed new list of sponsor representatives to suspend business, the China Securities Association once again took action to focus on the investment banking business of brokerages. On August 14, the reporter learned from the brokerage personage that recently, the China Securities Association issued a notice requiring all sponsor institutions to submit the specific sponsor withdrawal projects and basic information since the implementation of the registration system in each sector of the Shanghai-Shenzhen-North Exchange, and requires relevant institutions to carefully check the accuracy of the project information submitted in the investment banking business quality evaluation system. It is understood that in the year alone, there were 36 brokerages with a withdrawal rate of 50% or more for IPO projects, of which 15 institutions had a withdrawal rate of 100%. According to industry insiders, judging from the current withdrawal rate, the quality of some securities firms' sponsorship of IPO projects may not be up to standard, and even the situation of a fluke is not ruled out. In the above context, the further improvement of the negative evaluation publicity mechanism of the China Securities Association on sponsor representatives is also a deterrent to relevant institutions.