证监会拟严控创业板交易风险（双语）

　　CSRC to Rigidly Control Trading Risks on the Second Board

　　The China Securities Regulatory Commission （CSRC） reportedly is formulating the Special Provisions for the Transactions on the Second Board. The CSRC intends to provide rules to promote the requirements of trading access of investors to the market， control the explosive trading on the initial listing day of new shares， strengthen the abnormal fluctuation of share prices and listing suspension mechanisms and enhance the transparency of after-hour trading information. The continuing superintending term of the main board in the moment is two complete accounting years， and as for the sponsor term of the enterprises on the second board， the CSRC considers， by referring to the offshore markets， requiring sponsors to perform continuing superintending responsibilities within the 3 accounting years after the listing of the issuers. Also， information from the CSRC also disclosed that the circumstances for the legislation of the establishment of the second board have been well prepared and the CSRC is seeking public comment on its Measures for the Administration of Share Initial Public Offering and Listing on the Second Board （Draft for Comment）。

　　证监会拟严控创业板交易风险

　　据透露，中国证券监督管理委员会目前正在制订《创业板交易特别规定》，将从提高投资者参与交易门槛、控制新股上市首日爆炒、强化股价异常波动停牌机制以及增强盘后交易信息透明度等方面做出规定。 目前主板市场的持续督导期限为两个完整的会计年度。而对于创业板企业的保荐期限，证监会借鉴海外市场经验，要求保荐人在发行人上市后三个会计年度内履行持续督导责任。 同时，证监会有关负责人表示，设立创业板市场的法律法规条件已经具备。证监会起草的《首次公开发行股票并在创业板上市管理办法（征求意见稿）》，正在向社会公开征求意见。