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Securities dividends promised new rules mean gem into the articles in the industry said, forced the dividend rules of implementation of and follow-up to, IPO from gem company began, boards and small bonus rules will also progressively introduce reporter Hou Jiening after the SFC bonus has just introduced new initiatives, journalists today was informed that the Securities and Futures Commission for listing on the gem the other day the company launchedRed rules, requiring the gem company dividends promised to write a Constitution, and tips on major matters in the prospectus. In addition the old republic power leveling, the Commission requires the gem company to develop the dividend return plan, should be continued. According to the requirements of the securities, the issuer should be clear in the articles: issue shares to be listed after profit distribution policies, including the distribution of profits,Specific conditions and the amount or proportion of gold bonus, specific conditions, the distribution of profits to distribute stock dividends during the interval, such as distribution of profits shall perform the procedure for the consideration. At the same time, issuers on profit distribution planning decisions and adjustment mechanisms also need to be clear in the articles. As a result of large changes in the external business environment and internal operation of the need to adjust the profit distribution policy, should beProtection of shareholders ' interests as a starting point, at the general meeting of shareholders for detailed demonstration and explanation in the proposal. Under the new rules, issuers need to disclose in the prospectus profit distribution policy and implementation during the reporting period, including the distribution of profits is not cause, and retained the use of funds. In addition, the company's dividend return factors considered by the planning and formulation and decision-making processes also require that the prospectusDisclosures in the book. The industry believes, the SFC corporate dividend requirements are listed on GEM sources began to grab. At the same time, concern is that of the SFC to require issuers in prospectuses Home on the dividend policy for "significant matters tips", to issue shares to be listed after the profit distribution policy, the specific plans to reward plan, dividend policy and dividends instructions�� This corresponds to, sponsor organizations, lawyers and intermediaries such as reporting accountants have many duties, to the issuer's dividend policy disclosure verification and the verification opinion. Special requirements of the SFC, verification of intermediaries should indicate whether the profit distribution policy issuers focus on giving investors steady returns, whether it is conducive to protecting the legitimate rights and interests of investors, the companyDuration and prospectus disclosure of profit distribution matters, such as the relevant provisions. Although on the surface, the new rules of the securities is intended primarily for information disclosure of companies pay dividends for the specification and refinement, and does not constrain what percentage of the cash dividend, but investment bankers point out that, although any hard constraints is not listed, but in the course of the practical implementation of, the SFC may be in a similar window guidanceCommitment requiring enterprises to dividends, particularly for IPO companies, have been implementing this requirement. Practitioners say, compulsory dividend rules of implementation of and follow-up to, IPO from gem company began. Bonus rules governing boards and small and certainly will continue. This reporter learned that, although the current Board and small bonus rules have not yet issued, but the IPOVolume of material to be listed companies have joined the dividends promised in the original prospectus. November 10, the Commission held a media briefing, promised in response to market the four hot spots, to force listed companies increase cash dividends reward shareholders, strengthening the construction of credit of listed companies, and so on. Recently issued to the various market organisations implement the document, regardless ofIntegrity construction and efforts to increase dividends swtor power leveling, starting from second board companies. On November 18, Commission officials said, the gem exit system will also seek advice from the public. Open frame early release under gem in the GEM listing rules of the Shenzhen Stock Exchange 11 clear delisting criteria, including the last two years of losses, a recentDisplays the fiscal year audited a negative net worth of that year, the company implemented stock 120 consecutive days cumulative turnover of less than 1 million shares. In July this year, General Manager of Shenzhen Stock Exchange announced Song Liping, on this basis will also add two standard cumulative Exchange publicly censured 3 within the last 36 months, prices for 20 consecutive trading days less than the nominal value of stocks transactions,Stocks have ended the GEM listing. (Securities daily) Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investors a basis for action, at your own risk.