On April 10th, the first batch of 10 companies registered on the main board of the Shanghai and Shenzhen Stock Exchanges went public. Since then, the reform of the stock issuance registration system has been fully implemented, providing more solid institutional support for accelerating the construction of a standardized, transparent, open, dynamic, and resilient capital market. On April 10th, the first batch of enterprises under the Shanghai and Shenzhen Main Board Registration System went public. The ceremony was held to welcome the "debut" of the first batch of enterprises under the Main Board Registration System on the Shanghai and Shenzhen Stock Exchange. On February 17th, the China Securities Regulatory Commission and the Shanghai and Shenzhen Stock Exchanges issued and implemented comprehensive registration system reform rules, promoting the registration system to the entire market and various types of public stock issuance. After piloting the registration system on the Science and Technology Innovation Board, ChiNext Board, and Beijing Stock Exchange, when will the Shanghai and Shenzhen Main Board welcome the first batch of enterprises under the registration system become a hot topic of market attention. From the progress of the first batch of enterprise listing review, with the formal implementation of the comprehensive registration system, the exchange will take on the main responsibility of issuing and listing review. The first batch of 10 companies' IPO projects were transferred to the exchange for review, and after passing the review, they were approved for registration by the China Securities Regulatory Commission. Subsequently, the issuance was completed and the listing conditions were met. Zhou Jiguo, Chairman of China Electronics Hong Kong, who was listed on the main board of the Shenzhen Stock Exchange this time, said: "After the company submitted the application materials for translation, the exchange completed the acceptance on the same day. The meeting was arranged on March 13, and the registration approval from the China Securities Regulatory Commission was obtained on March 16." It is understood that 5 out of the first 10 companies landed on the main board of the Shanghai Stock Exchange, including China Heavy Industries, CITIC Metals, Evergreen Technology, Jiangyan Group, and Baicheng Co., Ltd., with a total initial fundraising of 16.241 billion yuan; Another 5 companies have landed on the main board of the Shenzhen Stock Exchange, including Dengkang Dental, China Electric Port, Haisen Pharmaceutical, Shaanxi Energy, and South Mining Group, with a total initial fundraising of 11.888 billion yuan. According to statistics of CICC, in 2022, the average net profit attributable to the parent company of 10 enterprises will be 660 million yuan, and the average growth rate of net profit attributable to the parent company and net return on assets will be 82.3% and 21.7% respectively. The overall performance will grow steadily. From the Science and Technology Innovation Board to the Growth Enterprise Board, the Beijing Stock Exchange, and then to the entire market, from the incremental market to the stock market, the registration system has embarked on a path of gradual reform. Yi Huiman, Chairman of the China Securities Regulatory Commission, said, "The holding of this listing ceremony marks the comprehensive implementation of the reform of the stock issuance registration system, which is another important milestone in the reform and development of China's capital market." In order to improve the quality and efficiency of the audit and adhere to the reform of the open door audit registration system, the stock issuance audit system has undergone a significant transformation from the approval system to the registration system. Under the comprehensive registration system, the audit subject is transferred to the stock exchange, and the China Securities Regulatory Commission is responsible for fulfilling the registration procedures and supervising the audit work of the exchange. The division of powers between the China Securities Regulatory Commission and the exchange is further clarified, "said Liu Lianjie, a member of the China CITIC Investment Bank Business Management Committee. On February 17th, 165 system rules related to the comprehensive registration system were released and implemented. Under the registration system, the audit department has issued a series of audit guidelines, including guidelines for the application of regulatory rules, which clarify the key issues of concern during the audit process, intermediary verification requirements, regulatory measures, etc. The exchange audit also focuses on the aforementioned audit guidelines for inquiries, improving the standardization and transparency of the audit process. "said Li Bangxin, Executive General Manager of the Investment Banking Department of CICC. Many