SSE: Resolutely avoid systemic risks and major vicious events

SSE held a special meeting on supervision and market risk prevention and control SSE 2008, to ensure the smooth start-up and safe operation of the gem. Shenzhen Stock Exchange 19th held a special meeting on supervision and market risk prevention and control, and further studied the new situation and problems faced by the 2009-year supervisory work,　　To comprehensively comb the key points of market risk prevention and control, emphasize that we should continue to strengthen the fundamental concept of strict supervision, resolutely avoid systemic risks and serious vicious events, and continue to perfect the framework of self-regulation rules.　　On the same day, "Shenzhen Stock Exchange 2008 Annual report on self-regulation" pointed out that to ensure the smooth start-up of the gem and safe operation, will be one of the SSE front-line supervision of the major challenges, to do a good job after the launch of the market supervision, to prevent the initial overheating hype.　　It was felt that the lessons of overseas markets should be carefully drawn accurately grasp the reality of China's "emerging and transition" market, fully understand the difficult, complex and long-term of the exchange supervision under the new situation, implement "according to the rule of law", and lay a solid foundation for the construction and development of multi-level capital market system. SSE, in his annual report on self-regulation in 2008, said the self-regulatory work was facing a series of new challenges: how to ensure the smooth start-up and safe operation of the gem; the impact of the international financial crisis on the global real economy will be further revealed, the uncertainty of listed companies is increasing;　　Market innovation is constantly introduced, illegal behavior may rise up and new irregularities, timely detection, suppression and investigation of the difficulty of further increase; Rational investment concept has not yet formed, investors follow the phenomenon of speculation more prominent, deepen the task of investor education is urgent. Shenzhen Stock Exchange has put forward six measures to further strengthen self-regulation: first, to do a good job in the market supervision after the launch of the gem, to prevent the initial overheating hype; second, pay close attention to the possible impact of the further spread of the global financial crisis, strengthen the risk warning and investigation of listed companies and members, Effective prevention of systemic risk and impact on the market stability of the major incidents of sudden; third, to improve the quality of listed companies and standardize the level of operation as the goal, improve and strengthen the supervision of information disclosure, the implementation of the listed companies to improve the classification of supervision and implementation of the rules, to guide the standardization of the operation of listed companies; four is to carry out the pilot test for members Strengthening the pertinence and effectiveness of members ' supervision, to promote the construction of membership compliance system, urge Members to implement customer transaction behavior management; Five is to further strengthen real-time monitoring and special monitoring, innovation monitoring system and means to strengthen the regulation of non-compliance, to prevent and combat all kinds of illegal transactions; Six is to continue to carry out in-depth investor education,　　To integrate investor education into the important content of daily supervision and cultivate qualified investors. The 2008 SSE self-regulation has achieved remarkable results. The Shenzhen Stock Exchange has implemented 70 dimensional stability measures, and has focused on perfecting the first-line regulation system, making or revising the business Rules, rules, guidelines, notices and more than 40 pieces throughout the year; in the regulation of listed companies, the motherboard strengthensInformation disclosure as the focus, focus on standardizing the "non-tradable" reduction behavior, strengthen the major issues and special industry information disclosure, the pilot implementation of major information on-line real-time disclosure system; The board vigorously carry out the good faith standard education, strengthen the management and related personnel to buy and sell stock behavior supervision, try to build " The Board of the standard of integrity; taking risk control and compliance as the focus, to improve the member's risk management ability, and to push forward the member customer management ability; In the transaction supervision, efforts to strengthen the "non-tradable" to reduce control, and constantly innovate monitoring means to improve the "timely discovery" of abnormal transactions, "in Time to stop" and "timely investigation" ability; from the transaction monitoring, risk control and investor education, and so on, multi-pronged, to curb the excessive speculation of new shares and warrants; in the aspect of investor education, SSE has made great efforts in improving the effectiveness and pertinence of investor education, and has achieved positive results in strengthening market services. (see A11 version for Self-regulation work report)