Institutional investors: Punishment and deterrence for violations of laws and regulations should be strengthened
As the most important institutional investor in the capital market, mutual funds not only bear the fiduciary responsibilities given by the majority of citizens, but also need to seek a good capital market ecology to achieve long-term and stable development of the mutual fund industry.
The reporter of Securities Daily noticed after communicating with more than 20 relevant persons in charge of public offering funds that in recent years, the public offering fund industry has paid more attention to investor protection and has gradually positioned it as the basic starting point for company development and a necessary point for cultural construction. , Has made great efforts in investor suitability management and protection of the right to know, long-term value concept advocacy, risk disclosure, etc., and runs through the entire business link of investment research, product, sales, and customer service system.
"Help investors understand and recognize risks, help investors learn to evaluate their own risk tolerance, establish rational investment and long-term investment concepts, as the focus and starting point of investor education." A reporter from the Daily said.
Xinhua Fund Co-Chairman Zhai Chenxi told the "Securities Daily" reporter that in order to effectively protect the legitimate rights and interests of investors, Xinhua Fund has established a comprehensive legal compliance system; Boshi Fund stated that Boshi Fund continued to produce investor education content last year. , The total number of times is 431, and the total number of audiences is about 6.157 million.
In addition, as an important institutional investor, public funds need an investor protection system to escort the development of the industry.
The relevant person in charge of Dongfanghong Asset Management told the "Securities Daily" reporter that the construction of the capital market should optimize the function of resource allocation, and promote residents' asset allocation to tilt toward long-term investment and the capital market.
At the same time, more attention should be paid to the investment side to provide investors with more and more suitable financial products.
Finally, we must actively guide institutional investors to establish a long-term assessment mechanism.
Li Caogang, general manager of Minsheng Canada Bank Fund, told a reporter from the Securities Daily, “I hope that the capital market will establish and improve various systems, strengthen trustworthiness, protect the legitimate interests of all parties to the utmost, and punish those who violate laws and regulations in a timely manner. In addition. , Hoping to promote the two-way opening of the capital market and introduce more professional service providers."
CCB Fund and Ping An Fund told the "Securities Daily" reporter that they hope that more long-term funds will enter the market and continue to improve the stability of the market; they hope that the market survival of the fittest mechanism will be more perfect and the value of good companies will be further highlighted.
It is worth noting that a number of public offering funds mentioned the need to increase penalties for misrepresentation and financial fraud in order to protect the interests of investors.
For example, Zhongrong Fund told the "Securities Daily" reporter: "Strengthen the punishment and deterrence of violations of laws and regulations, and the capital market ecology will be further purified and reshaped."
"If the level of the listed company's regular reports can be maintained at the level of the prospectus for a long time, it is also a good display of the company's value. It is recommended that the regulators further increase the penalties for insider trading and the encroachment of the rights and interests of small and medium shareholders, improve judicial interpretations, and reduce litigation and lawsuits. The cost of rights protection can more efficiently protect the interests of investors." The relevant person in charge of Chuangjin Hexin Fund told a reporter from the Securities Daily.
(Securities Daily)