China News Service, Beijing, March 6 (Reporter Xia Bin Liu Liang) Wu Qing, chairman of the China Securities Regulatory Commission, said at his first press conference after taking office on the 6th that China's capital market supervision will highlight "strong" and "strict" Two words.
At the economic-themed press conference of the Second Session of the 14th National People's Congress held that day, Wu Qing said that because there are many differences among capital market participants in terms of capital, technology, information, etc., regulators must pay special attention to fairness issues and make public disclosures Fairness and justice are the most important principles.
This is especially true in a market like China where small and medium-sized investors account for the vast majority.
Therefore, protecting the legitimate rights and interests of investors, especially small and medium-sized investors, is the most important central task of the China Securities Regulatory Commission.
Talking about the next step of work deployment, Wu Qing said that capital market supervision will focus on two words: one is "strong" and the other is "strict".
He explained that “strength” means strengthening the foundation and foundation.
In terms of scale, China's capital market is already the second largest market in the world, but it is not strong enough yet.
The market fluctuations in the past period have once again exposed some deep-seated problems, which are worth pondering.
Wu Qing said that it is necessary to further strengthen the protection of investors from a legal, institutional, regulatory, law enforcement and judicial perspective, enhance investors' confidence and trust in the market, and attract more investors, especially medium and long-term funds, to participate in the market.
At the same time, we must also focus on improving the quality of listed companies, allowing companies to better play their main role and enhance investment value.
"Strict" means strict supervision and management, strict supervision of the market in accordance with the law, and strict management of the team in accordance with disciplines.
He pointed out that we will comprehensively review and speed up the filling of regulatory shortcomings in various fields, entities, and links such as the stock market, bond market, futures, and derivatives market.
Strengthen early correction of problem institutions and enterprises, deal with various risks as early as possible, crack down on various violations of laws and regulations as soon as they appear, and focus on cracking down on major violations in key areas.
"Especially those that touch the bottom line, such as counterfeiting, fraud, market manipulation, insider trading and other illegal activities, must be severely cracked down on." At the same time, in terms of team management, the blade will be turned inward, strict control will be carried out, and an iron army of supervision will be built.
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