CCTV News: The China Securities Regulatory Commission issued the "Regulations on the Supervision of Fund Raising of Listed Companies", which will come into effect on June 15, 2025. It is emphasized that the use of funds raised should be used exclusively, focusing on the main business, and supporting the development of the real economy. First, overall requirements are put forward for the use of raised funds, emphasizing that special funds should be used for the main business. Second, it is clear that the end use of over-sum funds should be under construction projects, new projects, repurchase and cancellation, and shall not be used to permanently replenish working capital and repay bank loans.
Attachment 1: Rules for raising funds for listed companies.pdf
Attachment 2: Note on the revision of the "Rules for raising funds for listed companies".pdf
