SZSE Holds the 48th Meeting of the 3rd Board of Directors

SZSE Holds the 48th Meeting of the 3rd Board of Directors

The FINANCIAL -- Shenzhen Stock Exchange (SZSE) held the 48th meeting of its Board of Directors on January 13.

At the meeting, the 2016 work summary and 2017 work plan of the Board and the management team were briefed; reports on the launch and running of Shenzhen-Hong Kong Stock Connect, the equity bidding for an overseas exchange and the work on poverty alleviation were made; and revisions of relevant business rules were deliberated.

SZSE’s achievements made during the past year were fully acknowledged at the meeting. It was believed that in 2016 SZSE has earnestly carried out the decisions and deployment made by CPC Central Committee, State Council and China Securities Regulatory Commission (CSRC). Specifically, SZSE has developed in great depth the studies on the theoretical and practical issues of party building; constantly facilitated the CPC Central Committee’s inspection and rectification; fully underpinned party building by steadily consolidating the basis of strengthening self-discipline of the Party and itself; moderately moved forward the construction of a multi-layer market system; kept strict comprehensive regulation according to law; safeguarded secure and steady market running; actively improved its capacity of market cultivation and service to serve supply-side structural reform, innovation and entrepreneurship and real economy development; and smoothly completed various significant capital market jobs including the launch of Shenzhen-Hong Kong Stock Connect and the new generation trading system. During the past year, the Board has earnestly fulfilled its duties and shouldered its responsibilities. Particularly, the Board has developed overall plans on the development strategies of SZSE, propelled and intensified front-line regulatory duties, supported and steadily drove international cooperation, enhanced the quality and efficiency of internal management, and completed a large number of fruitful jobs, ensuring the normal and orderly running of various tasks of SZSE, according to Shenzhen Stock Exchange.

At the meeting, it was also stressed that 2017 will be a year full of challenges where the many uncertain market factors will aggravate the tasks of stabilizing, constructing and developing the market. SZSE should firmly implement the fundamental policies of CPC Central Committee and State Council, earnestly carry out CSRC’s deployment and arrangement, study the spirit of 6th Plenary Session of the 18th CPC Central Committee in great depth, and constantly and comprehensively move forward strict Party self-discipline. Specifically, SZSE should follow the principle of making improvement while ensuring stability to fully strengthen risk control and make breakthrough in the key projects in key areas, intensify law-based comprehensive and strict regulation to ensure secure and stable running of the market, research and develop reform plans for the ChiNext board to better support and serve innovation and entrepreneurship, steadily move forward the ETF stock option pilot to enrich and improve a multi-layer product system, and organize the fifth plenary session to optimize the governance structure of SZSE. In 2017, SZSE should broadly gather the strength of all parties to the market to make agreement and form resultant forces. As a result, it will build itself into an important fundamental platform for supporting the real economy and serving state strategies so as to serve from a higher level and greater scope the overall situation of the “13th Five-year” state development strategies and meet the victorious opening of the CPC 19th National Congress with practical moves.