On December 19, the founding meeting of Self-discipline Supervision Committee under the Board of Shenzhen Stock Exchange (SZSE) was held. At the meeting, the founding background was briefed, the working rules were approved, the working situation and thoughts of work on future self-discipline supervision were introduced and opinions and advice were solicited. Regulatory departments and industry associations were also invited to introduce the supervisory situations over securities agents, fund companies and listed companies.
The Committee is composed of principals from industry associations, securities companies, fund companies and listed companies. It is responsible for the optimization of the Exchange’s self-discipline duties, the construction of the rule system, the study and argument on major, difficult and complicated issues, and thus providing advice and suggestions to the board of directors.
The 4th Plenary Session of the 18th Central Committee of CPC and the “New National Nine Positive Stimuli” have put forward that industrial self-discipline should be promoted in accordance with laws, the dominant role of exchange-traded markets should be emphasized, and the self-discipline duties of exchanges should be given full play. The founding of the Self-discipline Supervision Committee is an important move by SZSE to promote regulatory transition based on the spirit of the 4th Plenary Session of the 18th Central Committee of CPC and unified deploy of the “New National Nine Positive Stimuli”. It builds up a working mechanism on a regular basis for market players to jointly participate in self-discipline supervision, which is conducive to further strengthening the governance structure of exchanges, ensuring the scientificity, legality and transparency of major decision-makings in self-discipline supervision, and improving supervisory abilities according to laws.
Along with the founding of the Self-discipline Supervision Committee, there will be 6 special committees under the Board of SZSE together with the previous founded committees of SME Cultivation and Development, Appeal and Review, Risk Management, Strategic Planning, and Innovation Development. An interchange and communication platform of multiple dimensions has been built up, which enhances the transparency, inclusivity and coverage of SZSE’s governance structure, and lays a solid foundation for the further promotion of the reform featured with marketization, rule of law, and internationalization.