- 'Centering on information disclosure' is the essential requirement of the IPO registration system. Under the background of the Sci-tech Innovation Board's registration system, whether issuers can improve the content and quality of IPO information disclosure during the listing review and registration process, and play a decisive role in the stock issuance process, is crucial.
- Benefiting from policy promotion and a recovery in confidence, the stock market has warmed up. In the first quarter of 2023, new listed companies showed good performance in terms of initial public offering price-earnings ratios, daily price increases or decreases on listing days, and average subscription multiples offline.

