Financial institutions, stock exchange prepared to ensure stable operation of the market

Key financial institutions in Shanghai, most of which are located in Pudong New Area, have made necessary preparations to deal with the lockdown measures in Pudong that will run from 5 am Monday to 5 am Friday.

The Shanghai Stock Exchange on Sunday night announced 30 measures to ensure the stable operation of the market.

Applications for flotation on the technology-focused STAR Market or major asset restructuring will be normally processed with the help of video conferencing, according to the exchange. Issuers and intermediary organizations can also apply for online consultations.

Issuers are encouraged to hold online road shows on the SSE's online platform. This service will be free.

Online listing ceremonies will also be free during the lockdown phase. Offline ceremonies can still be held at a later date after the outbreak has been brought under control, said the exchange.

Meanwhile, the duration for public companies' information disclosure will be extended. Companies unable to release their 2021 fiscal results on the scheduled date due to the epidemic can have the final disclosure date extended to Apr 30, according to the Shanghai bourse.

shijing@chinadaily.com.cn