November 8The CSRC released three important signals to the market!
First, Liu Shiyu, chairman of the China Securities Regulatory Commission, attended the meeting of the chief economist and asked for two points;
Second, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, revealed the three major directions for the next step of capital market reform and opening up at the Fifth World Internet Conference Financial Capital and Internet Technology Innovation Forum;
Third, the relevant responsible person will guide the Shanghai and Shenzhen stock exchanges to do self-discipline management and services related to stock suspension and trading, further optimize transaction supervision and maintain market trading order.
Liu Shiyu made two requests to the chief economist
Last Friday (November 2), China Securities Industry Association held a forum for chief economists in the securities fund industry to convey the spirit of the Politburo meeting of the CPC Central Committee on October 31 and General Secretary Xi Jinping at the private enterprise symposium on November 1. The spirit of the important speech on the issue of macroeconomic situation and capital market reform and development issues.
Liu Shiyu, chairman of the China Securities Regulatory Commission, attended the meeting and exchanged views with the chief economists.
The China Securities Journal reporter learned that more than 30 chief economists from the securities fund industry participated in the symposium.Pan Xiangdong, chief economist of New Era Securities, Yang Huan, chief economist of Shenwan Hongyuan Securities, and Liu Feng, chief economist of Galaxy Securities, spoke.Suggestions were made on the incremental reform of the capital market, the rhythm of deleveraging, the regulation of the market, the suspension of the system, and the entry of pension funds into the market.
Among them, the chief economists of the participating brokerages include Zhu Jianfang, chief macroeconomist of CITIC Securities, Pan Xiangdong, chief economist of New Era Securities, Li Xunlei, chief economist of Zhongtai Securities, and Gao Shanwen, chief economist of Essence Securities. Peng Wensheng, chief economist of Everbright Securities, Deng Shubin, chief economist of Zhongyuan Securities, Liu Yuhui, chief economist of Tianfeng Securities, Shao Yu, chief economist of Dongfang Securities, Yang Yan, chief economist of Shenwan Hongyuan Securities, and chief economics of Ping An Securities Zhang Ming, Guo Chang, chief economist of Guotai Junan Securities Research Institute, Li Zhan, chief economist of Zhongshan Securities, Li Dazhao, chief economist of Yingda Securities, Liu Feng, chief economist of Galaxy Securities, chief economist of Xiangcai Securities Li Kang, chief economist of Dongxing Securities, Zhang Anyuan, and chief economist of Haitong Securities, Jiang Chao.
The chief economist of other institutions also includesDacheng FundChief economist Yao Yudong,Huaan FundChief economist Lin Caiyi, chief economist of Qianhai Open Source Fund, Yang Delong,Rich country fundYuan Yi, chief economist, Yu Pingkang, chief economist of Changjiang Pension Insurance, Lu Zhengwei, chief economist of Industrial Bank, and Song Yu, chief Chinese economist of Goldman Sachs Gao Hua.
In addition, the China Securities Journal reporter learned that some of China Securities Association SecuritiesAnalystThe vice chairman of the Investment Advisory Committee also attended the symposium, including Chen Xiaosheng, former general manager of Shanghai Shenyin Wanguo Securities Research Institute, Liu Yuanrui, president of Changjiang Securities Co., Ltd., and Lu Ying, director of Haitong Securities Co., Ltd.
At the symposium, the chief economists said that at present, the effect of deepening supply-side structural reforms in China is emerging. The factors of stable, moderate, and stable economic structure are accumulating, quality and efficiency in the economic system. The effect of power change is accelerating, new power and new kinetic energy are accelerating, the resilience of micro-subjects is further enhanced, the external dependence on the economy is greatly reduced, the ability to resist risks is strengthened, and a good foundation for the capital market to play a good pivotal function is laid. . The chief economist at the meeting also put forward opinions and suggestions on the reform and development of the capital market.
At the symposium, Liu Shiyu put forward two requirements for the chief economist:
1. The chief economist of the securities fund industry must shoulder the mission of the times, improve political position, always take Xi Jinping's new era of socialism with Chinese characteristics as the guide, learn to understand the spirit of the 19th National Congress, and resolutely implement General Secretary Xi Jinping. The spirit of a series of important instructions in the capital market, consciously proceeding from the overall situation of the party and the state, in-depth analysis of the domestic and international economic and financial situation, and interpretation of the party, the country's line, policy, and policy propaganda.
2, we must cherish the reputation of the industry, continuously improve the level of research capabilities, continue to play its own influence and credibility, and contribute positively to the market expectations.
Liu Shiyu said that the current important speech of General Secretary Xi Jinping at the private enterprise symposium should be well understood, publicized and interpreted. Everyone is welcome to make suggestions and suggestions on deepening reform, comprehensive opening, steady development, perfecting the basic system and stimulating market vitality in the capital market.
In addition, the meeting sought advice on the establishment of the chief economist quarterly meeting system and the chief economist self-discipline initiative.
Fang Xinghai: The general secretary of the internship is rapidly submitting the requirements for setting up a scientific board and pilot registration system on the Shanghai Stock Exchange.
On November 8, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the Fifth World Internet Conference Financial Capital and Internet Technology Innovation Forum that the CSRC will continue to adhere to the fundamental direction of serving the real economy, deepen reform, expand openness, and improve the system. Improve the efficiency of capital market service innovation enterprises, and promote the healthy growth of capital markets in the process of promoting economic innovation and development.
The first is to deepen reform and promote the function of the capital market to play a better role.We will continue to maintain the normal issuance of new shares, reform and improve the stock issuance system with information disclosure as the core, and further improve the predictability of corporate issuance and listing.Deepen the market-oriented reform of mergers and acquisitions, encourage and support listed companies to rely on mergers and acquisitions to refine and strengthen. On the basis of the “small-volume quick” review mechanism, the “division system” audit is implemented according to the industry and is applied preferentially in the high-tech industry. On the basis of the successful completion of the pilot, the H-share company with full H-share circulation and qualified conditions can be applied for full circulation as soon as possible to facilitate the overseas listing of domestic innovative enterprises.
The CSRC is rapidly dropping the internship general secretary to propose the establishment of the science and technology board and the pilot registration system on the Shanghai Stock Exchange, providing a good capital market environment for the growth of innovative companies such as the Internet, and also providing more investment value to the capital market. High growth listed companies.
The second is to expand openness and continuously introduce long-term overseas funds and institutional investors.Do a good job in the follow-up of A-shares into the Alum and FTSE Russell Index, continue to improve cross-border trading arrangements, optimize the exchange interconnection mechanism, respond to the concerns of foreign investors in a timely manner, and facilitate the expansion of A-share allocations by long-term overseas funds. We will vigorously support foreign securities and futures institutions to establish legal entities in China and engage in asset management business.
The third is to strengthen supervision and create a good market order and financing environment.Strengthen the supervision of corporate IPO, refinancing, mergers and acquisitions, and bond issuance, and enhance the guidance and binding force of the securities market to corporate finance. We will continue to crack down on illegal and illegal acts such as fraudulent issuance, false information disclosure, insider trading and market manipulation, maintain a fair market trading order, and protect the legitimate rights and interests of investors.
The China Securities Regulatory Commission: to guide the Shanghai and Shenzhen Stock Exchanges to do a good job in self-discipline management and service of stock suspension and trading
On November 8, the CSRC issued a report by the responsible person of the relevant department on the suspension and resumption of the stock system of the listed company. In the next step, the CSRC will conscientiously implement the decision-making arrangements of the Party Central Committee and the State Council on deepening the reform of the capital market. Guiding Opinions on Improving the Stock Stopping and Resumption System of Listed Companies, guiding the Shanghai and Shenzhen Stock Exchanges to do a good job in self-discipline management and services related to stock suspension and trading, further optimizing trading supervision, maintaining market trading order, protecting the legitimate rights and interests of investors, and promoting capital markets. Long-term healthy development.
The person in charge said that promoting listed companies to regulate and improve quality is an important task for the long-term healthy development of the capital market. Stock suspension and resumption of the relationship between the investor's right to know and the right to trade is an important basic system of the capital market. In recent years, with the active efforts of all parties in the society, the problems of free suspension of trading, long-term suspension of trading, and insufficient disclosure of information have been improved. More attention has been paid to and respect for investors’ trading rights, implementation of phased information disclosure requirements, and active reduction of suspensions. , shorten the suspension time. Starting from the institutional orientation of balancing the protection of investors' right to know and trading rights, the Shanghai and Shenzhen Stock Exchanges strictly regulated the suspension and resumption of stocks in accordance with the law, effectively safeguarded market liquidity, maintained market trading order, and achieved positive results. As of November 5, the number of suspensions in the Shanghai and Shenzhen stock markets was 61, and the suspension rate was 1.7%. It is now a period of less suspension.
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(Article source: China Securities Journal)
(Original title: The CSRC released important information again! Liu Shiyu: Two requests to the chief economist; Fang Xinghai: is rapidly implementing the establishment of the science and technology board and pilot registration system)