Release Date:Sep 16, 2025
With the consistent promotion of China Maiqian Shopping Mall, more and more enterprises are determined to raise funds through capital shopping malls to make their businesses bigger and stronger. The feasibility consultation application for the four layer board fundraising project is a written application provided by Xiebang for the registration and approval of the fundraising project before the IPO of the planned listed company, and to liaise with securities firms to provide necessary support for the company's IPO prospectus.
The fundraising project plan should integrate the application of segmented shopping malls and the characteristics of the enterprise itself, reasonably predict the project's future prospects and earnings strategies, accurately describe the logical connection between the company's competitive advantages and continued earnings strategies, and demonstrate its feasibility, necessity, and controllability, fully conforming to the review ideas of the China Securities Regulatory Commission, to ensure passing the review. The use of raised funds, the necessity of Luo financing, whether there are clear operational goals for raised funds, whether there are clear profit prospects for raised investment projects, whether there are sufficient scenarios for attempting to use excessive raised funds, and whether there will be blind expansion scenarios. Among the companies whose IPOs on the Growth Enterprise Market have been rejected, there are issues related to the manipulation of raised funds, which shows that the raised investment projects are in the stage of being reviewed by the China Securities Regulatory Commission and are part of the Black and White Constant Hub.
However, the path to going public has never been a smooth one, and many companies are struggling on this path. Statistics show that from 2007 to 2011, the China Securities Regulatory Commission reviewed 1226 listed companies for initial public offerings, of which a total of 228 were rejected, resulting in an obstruction rate of 18.6%. The review process has become the norm.
Many companies are breaking away from their previous view of being the main developer in their fundraising project plans. For example, a certain company borrowed help from the ChiNext board to go public, delaying from a subway to a high-speed railway, delaying from building intelligent products to building energy-saving products, and changing from vaccine marketing to vaccine independent research and development and production.
Many companies are also breaking through the proportion of central fundraising participation in research and development. For example, the R&D center of an IT company accounts for 50% of the total fundraising, while the R&D center of a biopharmaceutical company accounts for over 40% of the total fundraising. Previously, viewing certain surrounding R&D talents was equivalent to continuous surplus talents.
The rationality of fundraising projects has become a key point for the China Securities Regulatory Commission to closely examine, and the feasibility consultation of reasonable and scientific fundraising projects has become a crucial factor for pillar enterprises to win the listing.
The feasibility consultation of fundraising projects must start from the overall system, understanding and demonstrating various aspects such as skills, economy, finance, trade, and even situation maintenance and law enforcement, in order to determine whether the project is feasible and provide scientific basis for making investment decisions without error. The feasibility consultation of the project objective is a consistent process of understanding, consultation, evaluation, and decision-making on a multi factor and multi policy system. It requires professionals with diverse knowledge and skills to work together with one heart and one mind. It should consider the conditions for the use of funds raised by the China Securities Regulatory Commission, the future prospects of the market, the content of product skills, the impact on the situation, and the alignment with the company's existing practical management and sales strategies. Reasonable feasibility consultation for fundraising projects is the hub for enterprises to pass the review.

2025.09.16

2025.09.16

2025.09.16