保荐机构

此前监管机构已经对IPO保荐机构采取了严厉措施。

The regulator has already cracked down on IPO sponsors .

不过，另一家保荐机构Fairfax的亚当•哈特（AdamHart）辩称，这并不是伦敦另类投资市场特有的问题，而是全球中小板市场的问题。

However , Adam Hart of Fairfax , another nominated adviser , argues that this is not an Aim-specific problem but an issue for small caps all over the world .

我国证券市场保荐机构民事责任研究

The Research on the Sponsors ' Civil Liability in China Securities Market

保荐机构联系报社刊登上市公告书；

The recommendation agency contacts the newspaper office and has the listing statement published ;

保荐机构应当指定三名保荐代表人具体负责保荐事宜。

The sponsor shall designate three sponsor representatives to be specifically in charge of sponsorship matters .

保荐机构应当保证所出具的文件真实、准确、完整。

It shall also ensure the authenticity , accuracy and integrity of all documents issued thereby .

截至本公告日，公司尚未聘请股改保荐机构。

As of this announcement , the company has not yet hired shares to institutional sponsors .

中国证券业协会对保荐机构、保荐代表人进行自律管理。

The China Securities Association shall adopt self-disciplinary management to the recommendation institutions and the recommendation representatives .

发行人另行聘请保荐机构的，应当及时向本所报告并公告。

Where issuers hire other recommendation agencies , they shall report to the bourse in time and make an announcement .

对于公司存在的各种不规范行为，保荐机构应当要求公司改正。

As for various nonstandard activities of the company , the recommendation agency shall require the company to make corrections .

保荐机构将按照规定与发行人进行募股资金的清算与划转。

The recommendation agency shall liquidate the raised capital and transfer to the issuer in accordance with the relevant provisions .

解决股权分置后证券市场更加活跃、市盈率进一步降低、保荐机构分化更加明显。

After the split share structure reform , the securities market will more active , p / e ratio reduce , investment bank differentiation .

保荐机构及其保荐代表人要为所保荐的上市公司披露虚假性、误导性、遗漏性信息而给投资者造成的损失承担赔偿责任。

The sponsor and sponsor deputy should take responsibilities for the third parts loss caused by the listed companys false , misleading or missed information .

对这种特殊侵权行为应采用过错推定的归责原则，由保荐机构对第三人承担民事责任。

We should adopt the offence deducting principle to the special infringement , and the sponsor should undertake the civil responsibility for the third person .

紧接着本文从发行制度、市场前景、发行人、保荐机构、投资者五个方面分析了超募产生的原因。

Then , this article studies the causes of the ultra-raised from the following aspects : the issue system , market prospects , issuers , sponsors and investors .

要使保荐人制度在我国证券市场上达到预期的实施效果，做好保荐机构的评价工作是十分必要的。

It is very necessary to do this evaluation work of sponsors well if we want sponsor system to reach the anticipated implementing effect in securities market of our country .

同时要厘清保荐机构和保荐代表人与上市公司以及其他中介机构之间责任的边界，以保证保荐人制度真正发挥作用。

At the same time , we should distinguish the boundary of the responsibility among the sponsor , the representative of the sponsor , the listed company and the else facilitating agency , and assure the sponsor system effective .

一面是赚点钱比登天都难的二级市场，一面是不怎么炒股，却大赚股市之钱的一级市场和保荐机构。

One side is earning more money than ever are difficult to market two , one side is not how to speculate in the stock market , but to make the stock market money market level and sponsor institutions .

本所在作出决定之前，可以视情况要求公司提供保荐机构和会计师事务所对公司相关定期报告所涉事项出具的专项说明和意见。

The bourse may , in accordance with specific conditions , require the company to present special statements and opinions concerning related regular report of the company issued by the recommendation agency and the accountant firm before making a decision .

2005年1月1日运行了三年多的证券发行通道制被正式废止，保荐机构推荐企业上市的保荐人制度开始全面实施。

Passage system for the listing of securities which had been run for three years was abolished formally on January 1 , 2005 . Sponsor system that listing of enterprise is recommended by sponsor firms began to implement in an all-round way .

股份登记完成后，保荐机构按照补充上市申请文件清单要求向深交所发审监管部报送补充上市申请文件。

Upon completion of share registers , the recommendation agency shall submit the supplementary listing application documents to the regulatory department of issuance and examination of Shenzhen Stock Exchange subject to the requirements specified in the list of the supplementary listing application documents .

保荐机构按照有关规定对发行人违法违规事项公开发表声明的，应当于披露前向本所报告，经本所审核后在指定媒体上公告。

Where the recommendation agency makes a public statement about the violating issues of issuers in accordance with related regulations , recommendation agencies shall report to the bourse before the disclosure , and make an announcement on designated media after the examination and approval of the bourse .

保荐机构应当对公司恢复上市申请材料的真实性、准确性和完整性进行核查，在确信公司具备恢复上市条件后出具恢复上市保荐书，并保证承担连带责任。

The recommendation agency shall examine the authenticity , accuracy and completeness of application materials for resumption of listing of the company , and issue a letter of listing sponsor after confirming that the company is qualified for resumption of listing and guarantee to undertake joint and several liabilities .

发行人向本所申请其首次公开发行的股票、上市后发行的新股和可转换公司债券在本所上市，以及公司股票被暂停上市后申请恢复上市的，应当由保荐机构保荐。

The application by issuers to the bourse for the listing of initial public offerings , shares newly issued after the listing and the convertible company bonds , and the application for recovered listing after the suspension of listing the company 's shares shall be recommended by recommendation agencies .

除经济周期、行业波动等原因外，相当部分的业绩变脸背后是财务包装、利润操纵、虚假披露及保荐机构荐而不保等违法违规行为。

In addition to the problem of economic cycles , industry fluctuations and other reasons , a considerable part of " the deterioration of financial performance " resulted Irom financial fraud , profit manipulation , false disclosure , the phenomenon which underwriters recommended without insurance , and other illegal acts .