In recent years, Chinese regulators have been tightening their grip on the IPO market. With the advancement of the registration system, the regulatory authorities have stepped up their supervision over IPO cancellations. The purpose is to regulate the market order and protect the legitimate rights and interests of investors. In particular, for violations such as "passing through the customs with illness", the regulatory authorities will deal with them seriously and will never allow them to be withdrawn.
Companies that withdraw their IPO applications usually have some serious problems, including untrue financial data, irregular information disclosure, and illegal operations. These problems not only pose a potential threat to investors' rights and interests, but also harm the healthy development of the market. Therefore, for these enterprises that "break through with illness", the regulatory authorities not only deal with them seriously, but also play a role in deterring and warning to a certain extent.
Since last year, the regulatory authorities have continuously strengthened their supervision over IPO cancellations, and have seriously dealt with the behavior of "passing through the customs with illness". Not only will the enterprise that withdraws the application be required to bear the corresponding responsibility, but also the sponsor institution, sponsor representative and other relevant parties will be punished accordingly. This strengthened supervision has effectively curbed irregularities in the IPO market and protected the rights and interests of investors at the source.
Strictly investigating IPO "passing through the hurdle with illness" is not only to maintain market order, but also to protect the vital interests of investors. As market participants, investors need a fair and transparent market environment. Strict regulation can effectively reduce the risk of investors and avoid them from suffering losses due to abnormal market fluctuations. In this process, the regulator's initiatives have played a key role in making investors more comfortable to participate in market transactions.
Through strict review of IPO issuance, investors can be protected at the source, the order of fair competition in the market can be maintained, and the market environment can be purified. The regulatory authorities should continue to maintain a high-pressure posture on the market, intensify the crackdown on violations, and form a strong deterrent. Only in this way can the market be healthier, investors more assured, and investment activities more stable.