The A-share private placement market is seeing a shift as at least 35 listed companies are changing their pricing benchmark date for fixed-price private placements. Previously, this date was set as the board resolution announcement date, locking in the price for a period of 36 months. Now, companies are moving this benchmark to the first day of the issuance period, indicating a change in the market ecosystem for these long-term incentive mechanisms. AI
RANK_REASON Significant shift in financial market practices affecting multiple companies. [lever_c_demoted from significant: ic=1 ai=0.1]
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