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The China Securities Regulatory Commission said on the 2nd that today, the party committee of the China Securities Regulatory Commission has issued a notice to all units and departments of the system (branch), requesting the rapid organization of the important speech of General Secretary Xi Jinping at the private enterprise symposium, combined with the development status of private enterprises in their respective jurisdictions. And the problems faced, especially in view of the current problems of private enterprises in financing, equity pledge closing risks, etc., in-depth study and propose specific measures to support the development of private enterprises. Further strengthen the work in optimizing the supervision system, broadening the financing channels for equity debts, creating a level playing field, and improving the implementation of policies, and effectively support the development of private enterprises.
Press conference Q&A session
1. Q: We have seen that the Beijing Securities Regulatory Bureau issued a Notice on Supporting Securities Companies to Actively Participate in Resolving the Risk of Stock Pledging of Listed Companies and Supporting the Development of Private Enterprises. Is this document a unified deployment of the CSRC? What specific measures are there?
A: In order to serve the real economy development and relieve the short-term liquidity pressure of listed companies with development prospects, 11 securities companies in the securities industry have announced plans to jointly establish a “Securities Industry Support Private Enterprise Development Series Asset Management Plan”, which is mainly used for Resolve liquidity risks such as stock pledge of private listed companies, and support private enterprises with development prospects to get out of the predicament and continue to develop healthily. This is one of the positive measures for the industry to exert its expertise to implement the central government's requirements for the financial services economy. The regulatory authorities pay close attention to relevant progress.
In this process, according to some operational demands put forward by the industry, from the perspective of regulatory policies, the regulatory authorities began to study differentiated and counter-cyclical arrangements, and provided policy support in terms of the proportion of self-owned funds, the scope of investment, and the calculation of risk control indicators. . At the same time, the Securities Industry Association and the Securities Investment Fund Association will be guided to give full play to the role of self-regulatory organizations and support industry-related operations. To this end, the CSRC has issued notices to various agencies in the near future to clarify the relevant operational arrangements.
Today, the party committee of the China Securities Regulatory Commission has issued a notice to all units and departments of the system (branch) to quickly organize the study of General Secretary Xi Jinping’s important speech at the private enterprise symposium, and profoundly understand the spirit, richness and practical requirements of the speech. Combining the important duties and functions of the capital market to support the development of private enterprises, combined with the development status and problems faced by private enterprises in their respective jurisdictions, especially in view of the current problems of private enterprises in financing, equity pledge closing risks, etc. Specific measures for enterprise development. Further strengthen the work in optimizing the supervision system, broadening the financing channels for equity debts, creating a level playing field, and improving the implementation of policies, and effectively support the development of private enterprises.
2. Q: On October 24, Qingdao Haier Co., Ltd. (hereinafter referred to as “Qingdao Haier”) issued D shares and listed on the China-Europe International Exchange (hereinafter referred to as “Central Europe”) D-share market. I would like to ask the CSRC to What is the evaluation?
A: In order to broaden the overseas financing channels of enterprises, support the development of the real economy and the construction of the “Belt and Road”, I will actively support qualified domestic enterprises to issue overseas listed foreign shares and go public in the D-share market of CEIBS. On June 6 this year, I will approve the issuance of listed D shares by Qingdao Haier. After obtaining approval from the German financial regulatory authorities, Qingdao Haier issued D shares on October 24 and listed on the D-share market of CEIBS, becoming the first D-share listed company and the first A+D-share listed company.
In the next step, I will continue to promote overseas listing work to better serve the real economy, support qualified domestic enterprises to “go global” in line with national development strategies and their own development needs, and make stronger use of overseas capital markets including China-European D-share market. Do excellent.
(Article source: Securities Times Network)