underwriting syndicate

the underwriting syndicate shall be composed of the leading underwriting security company and participating underwriting security companies.

承销团应当由主承销和参与承销的证券公司组成。

if an underwriting syndicate comprises three or more underwriters, it may have a deputy lead underwriter to assist the lead underwriter in organizing the underwriting activities.

承销团由三家以上承销商组成的，可以设副主承销商，协助主承销商组织承销活动。

An underwriting syndicate shall be composed of securities companies acting as principal underwriters and participant underwriters.

承销团应当由主承销和参与承销的证券公司组成.

article 25. where the total face value of a public stock issue exceeds 50 million renminbi, the issue shall be underwritten by an underwriting syndicate, which shall include a principal underwriting securities company and other companies who participate as joint underwriters of the share issue.

第二十五条向社会公开发行的证券票面总值超过人民币五千万元的，应当由承销团承销。承销团应当由主承销和参与承销的证券公司组成。

Began to issue bonds by Syndicate underwriting in 1991.

1991年开始采用承购包销方式发行国债.