Regarding the formally released "Guiding Opinions," the added statement, "timely adjustment of share issuance policies to increase the number of shares available for trading," the spokesperson said that adjustments to the lock-up period for offline allocation and secondary market issuance are in line with the direction of market-oriented reforms. "Especially the adjustment of the three-month lock-up period for offline allocations, increasing the tradable volume on the first day of listing, is consistent with the reform direction."
In overseas mature markets, there are often practices that combine secondary market issuance with the "green shoe" mechanism. On this matter, the spokesperson clearly stated, "The next step will consider these matters; at this stage, we will first promote the four recent reform measures proposed in the 'Guiding Opinions.'"