"Recently, the regulatory authorities have highlighted the whole process of supervision and law enforcement, kept the' entrance clearance' and the' exit end' open, and urged and warned the' gatekeepers' to return to their duties. These measures have effectively protected the legitimate rights and interests of investors and protected market confidence. " Lv Chenglong said. (End)Guiding listed companies to strengthen market value management has become an important work content of the CSRC, SASAC and other departments. Recently, the CSRC issued the No.10 Supervision Guideline for Listed Companies-Market Value Management, which requires listed companies to improve their operating efficiency and profitability on the basis of improving the company's quality, and to use merger and acquisition, equity incentive, employee stock ownership plan, cash dividend, investor relationship management, information disclosure and share repurchase in accordance with the actual situation in accordance with the law to promote the investment value of listed companies to reasonably reflect the quality of listed companies. The State-owned Assets Supervision and Administration Commission of the State Council said that it would "further study the incorporation of market value management into the performance appraisal of the heads of central enterprises".Xinhua News Agency, Beijing, December 10 th, china securities journal published an article on the 10 th, "Re-synergy and cohesion to boost stock market confidence."
On the other hand, multi-departments should strengthen the joint efforts of law enforcement and build a three-dimensional disciplinary restraint system of civil compensation, administrative punishment and criminal investigation. Lv Chenglong, an associate professor at the Law School of Shenzhen University, said that taking financial fraud as an example, the CSRC and relevant departments have further established a comprehensive punishment and prevention system, strengthened penetrating supervision, encouraged whistleblowers to report, and tightened the "gatekeeper" responsibilities of investment banks, auditors and other intermediaries, bringing together the joint efforts of inter-ministerial coordination and coordination between the central and local governments, and continuously improving the three-dimensional closed loop of accountability.Revise the securities investment fund law, introduce the regulations on the supervision and management of listed companies, revise the regulations on the supervision and management of securities companies, and speed up the formulation of the regulations on the management of corporate bonds ... It can be expected that a series of laws, regulations and judicial interpretations expected by the market will be studied and introduced. "In the next step, the Supreme Law will continue to focus on the improvement of the judicial rules system of the capital market and the trial of related cases, thoroughly study the civil accountability of insider trading and market manipulation, and issue relevant judicial interpretations in due course." Zhou Lunjun, vice president of the Supreme People's Court Second People's Court, said.Actively return investors
On the other hand, multi-departments should strengthen the joint efforts of law enforcement and build a three-dimensional disciplinary restraint system of civil compensation, administrative punishment and criminal investigation. Lv Chenglong, an associate professor at the Law School of Shenzhen University, said that taking financial fraud as an example, the CSRC and relevant departments have further established a comprehensive punishment and prevention system, strengthened penetrating supervision, encouraged whistleblowers to report, and tightened the "gatekeeper" responsibilities of investment banks, auditors and other intermediaries, bringing together the joint efforts of inter-ministerial coordination and coordination between the central and local governments, and continuously improving the three-dimensional closed loop of accountability.Focusing on accelerating the improvement of the policy system of "long money and long investment", all relevant departments are making classified policies and making concerted efforts to open up the blocking points of various medium and long-term funds to increase the intensity of entering the market. The Central Financial Office and the China Securities Regulatory Commission recently jointly issued the Guiding Opinions on Promoting Medium and Long-term Funds to Enter the Market. Previously, the State Council issued "Several Opinions on Strengthening Supervision and Preventing Risks to Promote the High-quality Development of the Capital Market", and put forward such measures as "vigorously developing equity Public Offering of Fund", "improving the supervision system of equity investment of insurance funds" and "improving the investment policies of national social security funds and basic endowment insurance funds".Recently, the CSRC has strengthened inter-ministerial coordination and actively cooperated with the implementation of relevant monetary policy tools such as facilitating the exchange of securities fund insurance companies, stock repurchase and special refinancing. According to Wind data, as of December 9, 182 A-share listed companies disclosed that their companies and important shareholders were supported by repurchase and increased holdings of loans, with a total amount of about 38.94 billion yuan.
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
12-13