129773160452187500_17 diablo 3 goldDetailed stock market hot, Vice Chairman of the SFC to speed up the establishment of a unified regulation of OTC over-the-counter trading market; continue to promote perfection of listed company investor return mechanism; vigorously to promote corporate bond market development credit classes; and gradually form a market-oriented, and a wide range of delisting standards system, and actively and steadily promoting the construction of crude oil futures market; is working on lowering of the h-share listing threshold of China Securities Regulatory CommissionYao gang Deputy President, 25th at the "first Forum in Lingnan", on the over-the-counter market, bond market development dividends of listed companies, new stock issue reform, institutional reform, exit training, development of futures markets, development of institutional investors, investor protection and promote capital markets opening up to nine issues have been elaborated. For OTC counter trade market construction, Says Mr Yao, within the framework of existing capital markets, direct financing needs of most enterprises still cannot be effectively met. Summarize the operation of security agents to share transfer system, speed up the establishment of a unified under supervision, to counter transactions, national SME development on the basis of OTC markets. This is also in line with the current stage of China's economic development needs. Establish the OTC market isA complex system, all aspects involved.
Demonstration of China Securities Regulatory Commission is building on market-related issues, and improvement of relevant programmes, after you perform the relevant approval procedures, seeking out as soon as possible. Construction of the bond market, said Mr Yao, we should vigorously promote the development of credit bond markets, increase the proportion of direct financing. The State Council has already agreed that the people's Bank, National development and Reform Commission and the Securities and Futures Commission established company credit these inter-ministerial coordination mechanisms, collaboration to promote the bond market infrastructure. Currently focus on promoting market access conditions, standards of information disclosure, investor, credit rating requirements of appropriate institutional and investor protection, unification of the basic system
tera power leveling, promoting the Exchange bond market and interconnection of the interbank bond market, truly a bondEnterprises can choose the market, investors can choose investments. At the same time, to the weakening of administrative examination and approval, foster business credit, corporate bonds, establishment of investor protection mechanisms. At present, the Securities and Futures Commission is to issue bonds subject to demand investigation, investors, intermediaries, private bond issue of SMEs in research programmes, hoping to solve the financing difficultyDo try. For system reform of new shares issued, Mr Yao pointed out that the central task of reform is to make the new share prices reflect company values, for one or two level, healthy development of the market. To that end, must be reasonable to define regulatory and Exchange, and the Division of duties and responsibilities to other intermediaries, a full, complete and accurate information disclosure-centered reform the issuance examination systemGradually transferred from the profitability of listed companies review focused on the equal protection to the legitimate rights and interests of investors. Unnecessary administrative intervention continued to weaken, strengthen the capital constraint mechanism of new share price, market discipline and integrity constraints, for issuers, intermediaries and investors return to do his duty, the IPO pricing fundamentals and the issuer is closely associated and will continue to strengthenInvestor education and risk revealing work, repeatedly warned investors not to "fried new" developing investors of appropriate systems, guide rational knowledge of the market value of new investments; promoting more institutional investors to enter new markets and guide in balancing the risks and benefits of long-term funds on the basis of participation in the IPO pricing and subscription. On promoting the reform of listed company's dividend system, YaoJust say, next, regulators in full respect for the independent management of the listed companies under the premise of decision, continue to encourage and guide sustained by listed companies, cash dividend policy and decision-making mechanisms of clarity, transparency, intensify the commitment to not share dividends and long term does not comply with dividend obligations, regulatory constraints, help enterprises to establish the concept of reporting shareholder, continued to promote the listing company perfectInvestors return mechanism. Withdrawal system, Mr Yao said, it is the capital of "purification", strict implementation of the withdrawal system, helps to enhance awareness, improve enterprise management, to help guide investors rational investment, value investing, a healthy investment culture and atmosphere, protecting the interests of investors from the source. He said that in promoting entrepreneurshipExit system on a pilot basis, the Commission will look at improving and perfecting the system of boards and delisting, and gradually form a market-oriented, and a wide range of delisting standards system, and to take steps to ensure that the trigger condition of delisting companies really cancel, play the role of marketing excellence. In the development of the futures market, said Mr Yao, the SFC is step up the construction of crude oil futures market research projectTo strengthen communication and coordination with the ministries concerned, actively and steadily promoting the construction of crude oil futures market. In addition, in line with the bond market development strategy, government bond futures contract rules of design, development, technical system of preparation work has been basically completed, when circumstances permit the safe promoting Treasury bond futures trading. In addition, will be further promoted silver, coking coal, rapeseed and other futures productsListing work, increase the research and development of new trading instruments such as options. In terms of culture development of institutional investors, says Mr Yao, the cultivation and development of institutional investors, fostering a wide range of investors group, is a very pressing task, and conducive to the sustainable and healthy development of the capital market. SFC in strengthening our service of medium and small investors at the same time, measures, drumsReed and the direction of securities investment funds, pension funds, pension funds, corporate pension funds, insurance, institutions such as QFII investors to play a greater role in the capital markets. In terms of investor protection, Mr Yao said, the SFC will keep the pressure on the one hand, and works closely with other law enforcement departments, and resolutely crack down on market manipulation, insider trading and false disclosure, transfer of interest, illegalAnd illegal trading of violations against investors ' interests, maintain the normal market order and "three principles". On the other will gradually establish a suitable State of China's capital market investors of appropriate systems, different for different products and different market access, strengthening risk revealing to various types of investment products, guiding investors to carefully select and own horsesDistribution of products, promoting rational investment ideas. In terms of promoting the opening of capital markets, China Securities Regulatory Commission
swtor credits, insisted on "bringing in" and "going out" combining, continue to deepen and expand the opening up of capital markets.
He said, at present, is studying the lower threshold of the h-share listing, direct financing to create conditions for small and medium enterprises to foreign capital markets. He also said, the SFCWill continue to encourage domestic securities companies, fund management companies and futures companies to establish branches abroad, overseas business. At the same time, in conjunction with the relevant departments to promote further increase of QFII and RQFII lines, attracts more long-term foreign investment in capital markets in China. In addition to expanding RQFII pilot-scale in the latter type, investment management institutions fanWai, investment scale breakthrough. He said, the Commission is actively preparing to launch Hong Kong Index ETF products in the Mainland and the Hong Kong Securities and Futures Commission in Hong Kong Yuan-denominated a-shares Index ETF products. (Securities daily) Gold-line statement: Gold-line reproduced above, does not show confirmed its description for investor use only, do not frameAs investment advice. Investor operations accordingly, at your own risk.
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