随着证监会发布《关于在借壳上市审核中严格执行首次公开发行股票上市标准的通知》(以下简称“《通知)”),借壳上市标准与PO等同、不得在创业板借壳上市等规定的实施,以及IPO新政中注册制雏形露出端倪,这一系列举措预示着借壳上市门槛大幅提高,也意味着今后壳资源价值严重打折。即使如此,为了规避退市风险,或为了完成借壳,上市公司可能通过“曲线”的方式来完成借壳上市的 With the CSRC promulgating the “Notice Concerning the Strict Implementation of the Initial Public Offering Standards in the Review of Backdoor Listings” (the “Notice”), the backdoor listing standard and the PO equivalent shall not be listed on the GEM backdoor, etc. Implementation of the IPO registration system as well as the emergence of the embryonic form clues, a series of initiatives indicates a substantial increase in the threshold of backdoor listing, but also means that the value of shell resources in the future a serious discount. Even so, in order to circumvent the delisting risk, or in order to complete the backdoor, listed companies may be through the “curve” way to complete the backdoor listing