Exchange supervision inquiry normalizes the positive changes in the capital market

Xinhua News Agency, June 5, since May, "inquiry letters" have become a high-frequency word in the recent announcements of listed companies. On the one hand, the exchange issues inquiry letters to listed companies. On the other hand, it is an announcement for listed companies to reply to inquiries or postpone responses. The regular exchanges between the professional, timely, specific and in-depth inquiry of the exchange and the serious and cautious response of listed companies will bring at least three positive changes to the capital market: first, the inquiry letter pays attention to the defects in the governance of listed companies and gives full play to the first-line supervision role of the exchange, which demonstrates the exchange's good intentions of "early prevention, diligent prevention and careful prevention". Second, through the regulatory pressure conveyed by the inquiry letter, listed companies will be forced to take the initiative to disclose more refined information and improve the operation and management and internal control. Third, the regulatory letter sends a signal to the market, reminding investors to pay attention to related issues and investment risks.