At 18:40 on November 20, 2020, the 34th Peking University Corporate Legal Risk Forum hosted by the China Corporate Legal Risk Management Research Center of Peking University was successfully held in Room 420 of the Second Teaching Building. This forum was presided over by Jiang Daxing, director of Peking University China Corporate Legal Risk Management Research Center and professor of Peking University Law School, with graduate students and doctoral students from different majors of Law School actively participating. The forum specially invited Mr. Duan Tao, the general counsel, compliance officer, and executive deputy general manager of Huajing Securities Co., Ltd. to talk about the "securities issuance system and practice under the registration system". After a warm welcome from teachers and students and a brief introduction to Mr. Duan Tao, the forum officially began.

The forum was divided into six parts. In the first and second parts, Mr. Duan Tao explained the scope of securities and the internal control process of securities issuance in practice, laying the foundation for the following content of the forum. Later, in the third part of the forum, he gave a detailed introduction to the due diligence of securities issuance, and talked about the issuer's basic situation, business and technology, horizontal competition and related party transactions in 10 aspects of the due diligence. In the fourth part, Mr. Duan Tao compared the length and structure of the prospectus of A+H listed companies, and put forward analysis and suggestions from the level of the standard of the information disclosure format of the prospectus and the effectiveness and execution quality of the information disclosure of the prospectus. After discussing these issues, he discussed the topic of stock issuance and allotment in the fifth part of the forum, and discussed the internal restraint mechanism and the sponsorship follow-up system based on the practice of overseas issuance. In the sixth part, Mr. Duan Tao focused on the analysis of the legal liability mechanism under the registration system, and analyzed the difficulties faced by intermediary agencies in terms of independence, division of responsibilities, and fault proof standards.

After explaining the main content of the forum, Mr. Duan Tao briefly reviewed the overall forum content and answered the questions raised by the students present. Finally, Professor Jiang Daxing summarized the content of the forum and presented a certificate of appreciation to Mr. Tao Duan on behalf of the China Corporate Legal Risk Management Research Center of Peking University. Amid the applause of the teachers and students present, the forum ended successfully.

Translated by: Yin Ziyou

Edited by: Yin Ziyou