证监会修订发布《发行监管问答——关于引导规范上市公司融资行为的监管要求》
发布(bu)：时间：2018-11-14返回列表
为(wei)(wei)进一步服务实体(ti)经济发展(zhan)，优化资(zi)本(ben)市(shi)场资(zi)源配置(zhi)功能，鼓励(li)技术创新，引导规范上市(shi)公(gong)司融资(zi)行(xing)(xing)为(wei)(wei)，证监会修订(ding)发布《发行(xing)(xing)监管问答——关(guan)于引导规范上市(shi)公(gong)司融资(zi)行(xing)(xing)为(wei)(wei)的(de)监管要求》。
修订后的《监(jian)管问答》，一是(shi)明确使(shi)用募(mu)(mu)(mu)(mu)集(ji)资(zi)(zi)(zi)金补(bu)充流(liu)动(dong)资(zi)(zi)(zi)金和偿还债务(wu)的监(jian)管要求。通(tong)过配股、发(fa)行优先(xian)股或(huo)董(dong)事会确定发(fa)行对象的非公(gong)(gong)开(kai)发(fa)行股票(piao)方式(shi)募(mu)(mu)(mu)(mu)集(ji)资(zi)(zi)(zi)金的，可以(yi)将募(mu)(mu)(mu)(mu)集(ji)资(zi)(zi)(zi)金全部用于补(bu)充流(liu)动(dong)资(zi)(zi)(zi)金和偿还债务(wu)。通(tong)过其(qi)(qi)他方式(shi)募(mu)(mu)(mu)(mu)集(ji)资(zi)(zi)(zi)金的，用于补(bu)充流(liu)动(dong)资(zi)(zi)(zi)金和偿还债务(wu)的比(bi)例不(bu)得超过募(mu)(mu)(mu)(mu)集(ji)资(zi)(zi)(zi)金总额的30%；对于具有轻资(zi)(zi)(zi)产、高(gao)研发(fa)投入特点的企业，补(bu)充流(liu)动(dong)资(zi)(zi)(zi)金和偿还债务(wu)超过上述比(bi)例的，应充分论(lun)证其(qi)(qi)合(he)理性(xing)。二是(shi)对再融资(zi)(zi)(zi)时间(jian)(jian)(jian)间(jian)(jian)(jian)隔的限制做出调整。允许前次募(mu)(mu)(mu)(mu)集(ji)资(zi)(zi)(zi)金基本使(shi)用完毕或(huo)募(mu)(mu)(mu)(mu)集(ji)资(zi)(zi)(zi)金投向未(wei)发(fa)生(sheng)变更且按(an)计划投入的上市公(gong)(gong)司，申请增(zeng)发(fa)、配股、非公(gong)(gong)开(kai)发(fa)行股票(piao)不(bu)受18个(ge)月融资(zi)(zi)(zi)间(jian)(jian)(jian)隔限制，但相(xiang)应间(jian)(jian)(jian)隔原则上不(bu)得少(shao)于6个(ge)月。
证监会将依法全(quan)面(mian)从严(yan)加强对上市(shi)公司融资(zi)的(de)监管，维护良好的(de)市(shi)场(chang)秩序，切实服务(wu)供(gong)给侧结构性(xing)改(gai)革，有效保护中小投(tou)资(zi)者合(he)法权益，更好地支持(chi)实体经(jing)济发展(zhan)。