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SZSE provides listing services to both large and mature companies in the main board and the small and medium size companies in the SME board. For the large companies in the main board, SZSE is committed to provide the following services:
- Help main board companies to grow bigger and stronger through listings of holding groups;
- Strengthen Small and Medium Enterprises (SMEs) cultivation and SME Board innovation;
- Optimize stock transfer system to open up an effective trading platform for non-listed public companies and de-listed companies;
- Take a pro-active approach on launching the new market in the spirit of newly implemented Securities Law and Company Law;
- Further new product development in equities and derivatives.
For the small and medium enterprises SZSE specially designed the SME Board, which explores with innovative and customized solutions for small- and medium-sized enterprises in trading, disclosure and stock watch.
To provide investors with assurance in terms of regulation and transparency, the SME Board takes tailor-made initiatives and guidelines to ensure their protection:
- Open call auction in pre-opening session is introduced to ward against market manipulation in price formation by allowing greater transparency;
- Closing prices are determined through last-three-minute call auction;
- Deviation in volatility, turnover and closing prices is brought into stock watch to curb market abuse;
- Made obligatory are (1) regular audit raised fund usage compared to publicized investment targets; (2) express corporate results; (3) annual public meeting on corporate financial health and business development; and (4) intermediary credit supervision system.
- Special Rules Governing Listings on SME Board and Special Rules Governing Trading on the SME Board are enacted to reinforce compliance on corporate disclosure and trading activities;
- Good Faith Guideline for Listed Companies is aimed at improving corporate code of conducts with assistance of effective credit records and assessment system;
- Guideline on Sponsorship specifies obligations of sponsors and enhances their awareness thereof;
- Guideline for Company Directors aims at optimizing corporate governance by raising their obligation awareness.
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