#TRS_AUTOADD_1628246572390 P {LINE-HEIGHT: 1.5; MARGIN-TOP: 6px; FONT-FAMILY: 宋体; MARGIN-BOTTOM: 6px; FONT-SIZE: 10.5pt}#TRS_AUTOADD_1628246572390 TD {LINE-HEIGHT: 1.5; MARGIN-TOP: 6px; FONT-FAMILY: 宋体; MARGIN-BOTTOM: 6px; FONT-SIZE: 10.5pt}#TRS_AUTOADD_1628246572390 DIV {LINE-HEIGHT: 1.5; MARGIN-TOP: 6px; FONT-FAMILY: 宋体; MARGIN-BOTTOM: 6px; FONT-SIZE: 10.5pt}#TRS_AUTOADD_1628246572390 LI {LINE-HEIGHT: 1.5; MARGIN-TOP: 6px; FONT-FAMILY: 宋体; MARGIN-BOTTOM: 6px; FONT-SIZE: 10.5pt}#TRS_AUTOADD_1628246572390 {LINE-HEIGHT: 1.5; MARGIN-TOP: 6px; FONT-FAMILY: 宋体; MARGIN-BOTTOM: 6px; FONT-SIZE: 10.5pt}/**---JSON--{"p":{"font-family":"宋体","font-weight":"","font-size":"10.5pt","line-height":"1.5","direction":"","margin-top":"6px","margin-bottom":"6px","text-indent":""},"td":{"font-family":"宋体","font-weight":"","font-size":"10.5pt","line-height":"1.5","direction":"","margin-top":"6px","margin-bottom":"6px","text-indent":""},"div":{"font-family":"宋体","font-weight":"","font-size":"10.5pt","line-height":"1.5","direction":"","margin-top":"6px","margin-bottom":"6px","text-indent":""},"li":{"font-family":"宋体","font-weight":"","font-size":"10.5pt","line-height":"1.5","direction":"","margin-top":"6px","margin-bottom":"6px","text-indent":""},"":{"font-family":"宋体","font-weight":"","font-size":"10.5pt","line-height":"1.5","direction":"","margin-top":"6px","margin-bottom":"6px","text-indent":""}}--**/ 为进一步优化注册制新股发行承销制度，促进买卖双方博弈更加均衡，推动市场化发行机制有效发挥作用，更好发挥市场在资源配置中的决定性作用，服务实体经济高质量发展，证监会拟对《创业板首次公开发行证券发行与承销特别规定》（以下简称《特别规定》）个别条款进行修改。现向社会公开征求意见。
科创板、创业板试点注册制，建立了市场化的新股发行承销机制，以机构投资者为主体进行询价、定价、配售，由市场供求决定价格。现行发行承销规则对规范发行与承销行为，维护市场秩序，保护投资者合法权益发挥了积极作用。针对实践中出现的部分网下投资者重策略轻研究，为博入围“抱团报价”，干扰发行秩序等新情况新问题，证监会在加强发行承销监管的同时，按照市场化、法治化的原则，拟对《特别规定》进行适当优化，取消新股发行定价与申购安排、投资者风险特别公告次数挂钩的要求，平衡好发行人、承销机构、报价机构和投资者之间的利益关系，促进博弈均衡，提高发行效率。证监会将指导沪深证券交易所、中国证券业协会同步完善科创板、创业板新股发行定价相关业务规则及监管制度，持续优化市场化发行承销机制。
欢迎社会各界对《特别规定》提出宝贵意见，证监会将根据公开征求意见情况，进一步完善后发布实施。
关于就修改《创业板首次公开发行证券发行与承销特别规定》公开征求意见的通知
