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The Shanghai Securities Regulatory Bureau and the Shanghai Futures Exchange jointly organized a training meeting for the study of the new securities law.

iconSep 17, 2020 08:28
Source:Futures daily

SMM: on September 16, the Shanghai Securities Regulatory Bureau and the Shanghai Futures Exchange (hereinafter referred to as the Shanghai Futures Exchange) jointly organized a study and training meeting on the newly revised Securities Law of the people's Republic of China (hereinafter referred to as the New Securities Law) in the international conference hall on the second floor of the previous phase. Cheng Hehong, secretary of the party committee and director of the Shanghai Securities Regulatory Bureau and director of the Shanghai Inspection Bureau, made a special tutoring report. Jiang Yan, secretary of the party committee and chairman of the institute, attended the training meeting and delivered a speech. Wang Fenghai, deputy secretary of the party committee and general manager of the institute, attended the training meeting, and Lu Wenshan, deputy secretary of the party committee and director of supervision, presided over the training meeting. More than 100 leading cadres of the Shanghai Securities Regulatory Bureau and the last term Institute attended this training meeting.

Jiang Yan said in his speech that the implementation of the new securities law defines the direction for further improving the basic system of the capital market, and is a milestone in the development of China's capital market. The last stock exchange should take the good study and implementation of the new securities law as an opportunity to constantly improve the level of governing the city according to law, continue to be the vanguard and forerunner of the futures market, help "six stability" and "six guarantees", and further improve the ability of the futures market to serve the real economy.

Cheng Hehong comprehensively interpreted the new securities law from the perspective of legislative logic, the process of revision, and the highlights of the provisions. the reform and improvement of the market basic system, such as deepening the reform of the securities market, standardizing the activities of the securities market, protecting the legitimate rights and interests of investors, optimizing the functions of supervision, and increasing the cost of violations of laws and regulations.

In conclusion, Lu Wenshan stressed that the revision of the Securities Law has further improved the basic system of the securities market in accordance with the design requirements of the top-level system, reflecting the direction of marketization, rule of law, and internationalization. it provides a strong legal guarantee for creating a standardized, transparent, open, dynamic and resilient capital market. In the futures legislation, we should keep pace with the times, actively learn from and absorb the new ideas, new spirits, new systems and new regulations of the new securities law, and formulate a basic law with solid foundation, stable expectations and long-term benefits.

In the next step, the Shanghai Securities Regulatory Bureau and the Shanghai Securities Regulatory Bureau will strictly implement the requirements of the Securities Regulatory Commission on strengthening the study and training of the new securities law, urge all staff to study deeply on different topics and lines according to their work responsibilities, and actively carry out publicity and education. work with market players to create a new ecology for the sound development of the capital market.

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