straighten out various types of trading venues Conference first meeting of the Inter-Ministerial Joint (referred to as the joint meeting) held on the 2nd, Guo, Chairman of the China Securities Regulatory Commission, the main ideas of the clean-up and rectification work and start implementing straighten out the program of work to make specific arrangements. Proposed to start the implementation of the program as soon as possible to ensure the completion of the work on June 30.
analysts believe that the clean up and rectify all types of trading venues has entered a stage of “accelerating” as soon as possible to complete the clean up and rectification work is conducive to all kinds of Exchange as soon as possible into the track of normal development, long-term health development . At the same time, experts and legal industry insiders believe that the matching rules on the protection of the interests of investors as soon as possible.
the Exchange rectify in full swing “
requirements, according to the joint meeting of the joint meeting of members of the unit (No 38) under the guidance of, the perfect refinement of the related policies and assume the responsibilities of industry guidance, and promote the cleanup and rectification work carried out smoothly at the National Development. Of the provincial people’s government as the main responsibility for organization and implementation of clean up and rectify and standardize market order, in accordance with the principle of “who the children who hold” seriously organize the clean-up and rectification work to assume regulatory responsibility, a comprehensive investigation of the potential risks in advance to resolve contradictions and disputes, effectively maintain social stability. Various localities and departments should actively and steadily push forward the clean-up and rectification work to strengthen communication and coordination and guidance of public opinion, in order to straighten out work to achieve tangible results.
analysts said, According to incomplete statistics, data, scattered all over the country’s Stock Exchange has reached 400-500, of which there are over 200 “off-the-shelf long-term platform” continuous spot trading “under the guise of class Futures Commodity Exchange. It is worth noting that each has been built, the preparation of Cultural Assets and Equity Exchange (referred to as text), over 70, while the text which is also the focus of clean-up and rectification work. Development Research Group of Peking University, China property rights market statistics show, the National Provincial and municipal levels have established the property rights market, and even some of the larger county has also set up the property rights trading center, the transaction the subject matter from oil, garlic, silk, pepper, eggs to corn, rice, precious metals, coal, etc., is full of wonders.
the Central University of Finance and Economics Institute of Cultural and Creative Executive Dean Wei Pengju said, “the government is the arbiter of the most credible, there is no government intervention to clean up the the rectification Exchange works of art share transaction work hard to place. “informed sources revealed to the China Securities Journal reporter, after the No. 38 called on all localities reporting the exchange, but the specific implementation is not satisfactory, the local resistance. The requirements of the June 30 deadline, no doubt around the rectification work feel more urgent.
rectification of the text of the Exchange, for example, only Shenzhen Wen cross where its official website, open the Shenzhen authorities “on the establishment of the aftermath of the interests of Shenzhen text of the art split business working group of the notice, and the aftermath of the processing of the work to collect investors held equity approach, while its share of the online transaction log on the platform is no longer available. According to sources, the text to pay all hope in March to come up with concrete solutions.
raise the threshold to promote industry development
“We also hope that rectification work can be completed as soon as possible, in order to carry out future work. rectification time is too long, is not conducive to the development of the Exchange. the relevant regulatory authorities should cut the Gordian knot, to dross remain the essence. “Many industry insiders said.
the experts believe that the various types of exchange-attempt of the financial innovation. The one hand, these exchanges the total size of funds is relatively small; the other hand, the text cross example, these transactions belong to the field of cultural industries, a policy-oriented industries. Therefore, to a certain extent, the long-term healthy and stable development of all types of Exchange still need guidance and support of the policy.
analysts said, straighten out an important result may be to the exchange of cost and threshold significantly improved, but specific threshold of how much still to be clarified. Including how to improve the establishment of procedures to improve issues such as the establishment level.
text cross, for example, the China Securities Journal had exclusive informed, the future establishment of the text to pay must be established at the provincial level, and approval should be sought from the Ministry of Culture, SARFT, news Publication Administration, the views of the Joint recognition and rectification by the Leading Group Office of the central cultural reform and clean up various types of trading venues.
Zhu Guohua,
NPC Futures Trading Act and the drafting team of consultants with respect, must establish more stringent threshold of access to the Exchange, or a place on the chaos. “business community commodity research center analyst SONG Zhi Chao also believes that the current very low registered capital of many exchanges. Registered capital of a guarantee of the Exchange anti-risk ability, must be high standards, once the market has entered into a registered capital of the gold standard, not standard part of the Exchange will be naturally eliminated. “
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straighten out the exchanges work is in full swing, a number of investors to the China Securities Journal reporter, said support for the revamp of the regulatory work, and look forward to the departments concerned to intervene to deal with the aftermath job. the part of the legal profession, said that the relevant laws and regulations for the protection of the interests of investors of all types of Exchange as soon as possible. As the details of the relevant laws and regulations have not yet introduced the rights aspirations of the various types of exchange investors are still “nowhere”. Shanghai Huarong Law Firm,
lawyer, Xu Feng, how to safeguard the interests of investors still hold a share of investment goods, products, and need as soon as possible to form a relatively uniform, the specific solutions. “straighten out a transaction establishment response to investors ‘rights protection to give more consideration should also be in accordance with the principle of’ who the children who hold ‘,’ Whose child mess who tube ‘. “said Xu Feng. ( Ying Ying )
(Source: xinhuanet.com)


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