Research On Connected Transactions Of Companies To Be Listed On The Science And Technology Innovation Board

This article focuses on the issue of related transactions in STAR Market for a company applying for listing.The reason why the STAR Market is the starting point is firstly because of the novelty of the STAR Market,and secondly,the related transaction has always been a major problem in the listing review of the company applying for listing.The pilot registration system of the STAR Market has more prominent information disclosure.importance.Therefore,the companies applying for listing are more concerned about their related transactions.This article is mainly divided into four parts,namely the related concepts of related transactions,the status quo of related transactions of companies listed on the Science and Technology Innovation Board,the related transactions in China’s proposed listed companies,and the measures to regulate the related transactions of listed companies.The concepts of related parties and related transactions are reflected in China’s laws and laws,but their provisions lack a uniform and clear definition.Compared with the main board,the relevant regulations on related-party transactions in the science and technology board are different in terms of related party identification,exemption of disclosure,and core technology sources.During the listing review process of the company applying for listing on the STAR Market,the issues related to the disclosure of related transactions,the nature of related transactions,and the non-associated aspects of related transactions,related party capital occupation,related purchases and sales,related guarantees,and related parties will be mentioned.Leasing of four types of related transactions has received the most attention.At present,the company applying for listing on the China Science and Technology Innovation Board is still in a difficult position in the regulation of related transactions.At present,the related concepts of related transactions are not unified,the related transaction review standards are not clear,the information disclosure system is incomplete,the internal control system is incomplete,and lack of supervision mechanism.Regarding the above issues,regulation should be conducted from both internal and external aspects.Internally,the main purpose is to maintain legitimate related transactions,improve the internal control system,and other specific rectification measures.The main external manifestations are redefining related transactions,clarifying the review standards of related transactions,strengthening the information disclosure system of related transactions,and improving the supervision mechanism of related transactions.