Chinanews.com, December 16. According to the news from the official account of the "China Securities Regulatory Commission" on the 16th, in order to further strengthen the construction of the basic system of the capital market and build a "standardized, transparent, open, dynamic and resilient" capital market, the China Securities Regulatory Commission At the beginning of this year, the reform of payment versus payment (DVP) was launched, and the "Administrative Measures for Securities Registration and Settlement" was revised.
At present, all preparations for the reform have been completed and will be officially implemented on December 26.
DVP is the basic system of securities registration and settlement, and a settlement principle generally adopted in the international market, which is used to prevent principal risks in securities and capital settlement.
This reform follows the basic connotation of the DVP principle, draws on international best practices, reflects Chinese characteristics and staged development characteristics, and advances in accordance with the principles of marketization and rule of law.
The reform keeps the existing transaction settlement system and habits of investors basically unchanged, establishes the connection between securities delivery and capital delivery by marking, and clarifies the default disposal arrangements, which will have no impact on the majority of individual investors.
The reform of overall development and security will help to strengthen the security of the settlement system from the system, further attract foreign funds to enter the Chinese market, and expand high-level institutional opening-up.
The China Securities Regulatory Commission will conscientiously implement the spirit of the 20th National Congress of the Communist Party of China, improve the functions of the capital market, continue to improve the risk management capabilities of the securities settlement system, guide China Securities Depository and Clearing Co., Ltd. to do a good job in the official implementation of the DVP reform, and ensure the smooth reform Implemented on the ground.
(China New Finance and Economics)