CPPCC member Shangliang: Shanghai SSE 35 year increase company 50

Reporter Wang Lu CPPCC member, Shanghai Stock Exchange Chairman Shangliang on March 9, in an interview with reporters, on the increase in the proportion of direct financing, promote market security, international board launch process, as well as Exchange product innovation and other markets concerned about the hot issues of the detailed answer.　　He said that in the increase in the proportion of direct financing, the SSE plan "Twelve-Five" during the annual arrangement of about 50 companies in the main board listing. Shangliang said that the "Twelve-Five" plan proposed to expand the scale of direct financing, mainly including equity financing and debt financing, which has become one of the important functions of the exchange. In terms of equity financing, the SSE will attract and support more quality companies to go public, which is expected to reach 50 per annum, one times the peak of the 2010 "Eleven-Five" IPO; on the bond front, the market is developing relatively slowly due to the problems of management and approval,　　There are three measures that can be resolved: first, to create conditions for the return of listed commercial banks to the exchange bond market; second, the Ministry of Finance will take part of the national debt to the exchange directly to the investors, and third, further expand the size of the issuance of corporate bonds.　　In promoting safe and stable operation of the market, Shangliang said that the number of days of ups and downs in the 2010 trading day is also greatly reduced, from 2009 to 62 days, accounted for 25% down to 31 days, accounted for 13%, and 2008 this number is 108 days, accounting for the ratio of 44%. Shangliang points out that this achievement is inseparable from the technical support provided by SSE, from the first generation trading system to the third generation monitoring system, the current safe operation rate of the market has reached more than 99.9%. At the same time, SSE also always put "strengthen supervision, risk prevention" in the work of the most important. It is understood that in 2010, the Shanghai SSE reported a total of violations of the clue 45, compared with the previous year to reduce 15%, the investigation of abnormal transactions 802, up 36%, issued a regulatory concern 574, the increase of 3%, the implementation of telephone reminders 1800 times, the increase of 120%, field survey 50 times,　　Increased by more than 200% year-on-year. For the market-focused international board, Shangliang once again stressed that there is no timetable, there is no first batch of listed companies list.　　He said that the preparation of the International board needs three aspects of preparation: the first is the preparation of regulations, the current distribution, trading rules, listing rules and clearing rules have a first draft, is being refined; the second is the technical preparation of the exchange, the third is the preparation of supervision, strengthen information disclosure. In addition, Shangliang also said, "Twelve-Five" period, the SSE will also actively promote product innovation and trading mode innovation, rich trading products, to provide investors with more trading tools. At this stage, the SSE is studying the launch of the products are Shanghai and Shenzhen 300ETF and Cross-border ETFs, although also consider cross-border settlement and arbitrage risk, but "this year will have a new product launch."