China Stock 中国证券

October 19, the SFC announced “the issuance of securities listed on the management of the business sponsor ways” (hereinafter referred to as “management”), the mechanism will be further enhanced the agency sponsors the threshold of access, and this year on December 1 will go into effect.

according to the regulations, sponsors sponsor representative institutions in line with the qualifications of the employees shall not be less than 4. At present, there are 66 furniture sponsor qualified institutional brokerage, securities of the 10 sponsors of not more than the number of representative 4. In accordance with this provision, if they are not the number of meal votes in a timely manner, its sponsors may be difficult to ensure that qualified institutions.

hard into the number of firms will soon reshuffle

At present, China has qualified sponsors a total of 66 bodies, but the huge bodies personnel sponsors, the strength is variable. Securities and Futures Commission to disclose the list of shows that have the largest number of sponsors is the representative of the State Securities, has nearly 90 sponsors representative; and ranked on the part of firms with representative of the sponsors less than 4 people, very different. If such securities has not been able to introduce talent, is likely a result of the disqualification provisions.

disclosed in the Securities and Futures Commission of the 66 agencies to the list of sponsors, the National Securities Sheng, Hualin Securities, Huarong securities, securities of Nanjing, west of the Securities and Zhejiang Securities, Zhongshan Securities representative of the sponsors, only 4 ; And AJ Securities, Daiwa Securities occasion of the sea, as well as securities linked only 3 million, less than the required standards of the new Securities and Futures Commission. In addition to the sponsors

representative of the number of the provisions of the securities issued have also become the measure of the scale. Securities Regulatory Commission stipulates that the issuance of securities to achieve a certain amount of scale can be a joint sponsor, but to participate in the joint sponsors of the institutions are not allowed to sponsor more than 2. The above-mentioned securities, such as the Hualin Securities representative although the number of sponsors was just enough for 4 people, but in recent years has not issued the securities, so there are to keep eligibility problems.

sponsor representative “wave of transfer,” the advent of

At present, there are 10 firms since the introduction of the new approach may be in order to maintain eligibility, not least, a World War II were dug However, it is very difficult. Large firms in order to expand the ranks of investment banks, continue to recruit and even dished out millions of annual salary; In addition, a number of prospective sponsors back to the representative signed the contract price, were to become an official sponsor representative, immediately promised. Sponsor representative “wave of transfer” is likely to come soon.

“人往高处走, water flow, which is the law of change through the ages,” says one sponsor representative told reporters that “the strength of large-scale firms, business, investment Line of business will eventually be sure to gather. “

Said the only obvious difference in strength of institutions sponsor, the sponsor is also uneven representatives. Since July this year, the SFC has 6 sponsors of the representative to carry out the punishment. Of these, 4 were Securities and Futures Commission “to remind the conversation,” while the other two are “not to accept the recommendation.”

As a result, even small firms are eligible representative of the sponsors, but it is difficult to get the project done, is bound to switch to large firms. The industry is estimated that there are now 66 in the brokerage business for sponsors to eat “cake” may soon be left only to do more than 10 firms.2008-10-21

“转移浪潮”的新规例提案国的做法将导致经纪谁挖战争

10月19日，证监会公布了“关于对企业赞助的方式上市的证券发行管理”（以下简称“管理”）的，该机制将进一步加强该机构的赞助机构准入门槛，今年12月1将生效。

按照规定，赞助商赞助的雇员不得小于4的资格线的代表机构。目前，有66家具有资质的机构经纪赞助商，在不超过4的代表数目的10家赞助商的证券。在根据这一规定，如果他们不是餐票及时人数，这个提案可能难以确保合格的机构。
努力把企业数量
将很快改组
目前
，中国有资格赞助了66具尸体，但庞大的机构，人员，赞助商，实力是可变的。证券及期货事务监察委员会披露显示，有提案国名单，是人数最多的国家证券的代表，有近90提案国代表，以及排名的公司与提案少于4人代表的一部分，非常不同。如果这些证券未能引进人才，是有可能是取消资格的条文的结果。

披露证券及期货事务监察委员会的66个机构的赞助商名单，国家证券盛，华林证券，华融证券，南京证券，浙江证券和西部证券，中山证券代表提案国中，只有4和爱建证券，大和证券海之际，以及证券链接只有300万，比规定标准以下的新的证券及期货事务监察委员会。除了赞助商

的发行也成为衡量证券规模的若干规定的代表。证券监督管理委员会规定的证券发行规模达到一定数量，可以联合提案国，但参加院校的联合提案国不得超过2赞助。上述如华林证券虽然提案数量刚好为4人，但近年来并没有发行的证券，因此要保持证券的代表资格问题。

保荐代表人“转移浪潮”的到来
目前
，有10家公司因为新办法的实行可能会以维持资格，而展开的世界二战被挖掘，但非常困难。大企业为了扩大对投资银行的行列，继续招募，甚至抛出数百万的年薪，此外，有回赞助者代表签订的合同数量的价格，要成为正式赞助商代表，立即承诺。赞助商代表“转移潮”很可能会很快到来。

“人往高处走，水流量，这是变化规律千古”，一位保荐代表人告诉记者，“实力的大型企业，商业，投资业务线将最终一定要聚集。“

说，只有在机构的力量明显差异赞助商，赞助商代表也不平衡。今年7月以来，证监会有6国的代表进行处罚。其中，4人证券及期货事务监察委员会“，以提醒谈话”，而其他两个是“不接受建议。”

因此，即使是小公司的赞助商资格的代表，但很难获得该项目的完成，必将切换到大公司。业界估计，现在有66个赞助商的经纪业务吃“蛋糕”可能很快只剩下做10多个公司。2008-10-21