SZSE recently held the discussion meeting for 2010 regulation and development of SME board listed companies in Nanjing. More than 300 board chairmen and their board secretaries from about 200 listed companies attended the meeting. Chen Dongzheng, the SZSE council chairman, Zuo Hong, the director of Jiangsu Securities Regulatory bureau, and Zhou Ming, SZSE deputy general manager, attended the meeting and delivered their speeches.
Mr. Chen emphasized that the development the SME board is very important since small and medium-sized enterprises are crucial components of China’s multi-layered capital market. The SME board was launched, established and developed in light of China’s national situations.
Mr. Chen also made the following requirements with respect to SME board listed companies: first of all, listed companies should cherish the capital market. They should play a leading role in ensuring the healthy development of the capital market and make good use of the platform to develop themselves; secondly, listed companies should revere the capital market. The capital market is a brand-new thing and companies should have high risk awareness; thirdly, listed companies should respect investors. Investors are the cornerstones for the development of listed companies as well as the capital market. Listed companies should raise awareness of their social responsibility, strictly adhere to principles of “openness, fairness and impartiality” and protect the interests of small and medium sized investors. In the end, Mr. Chen emphasized that the SZSE would continue to uphold its strict regulation of the SME board, and focus both on its regulation and development. Faced with complicated market environment, SME listed companies should improve its management level and competitiveness and make full use of the capital market to develop them.
At the meeting, Zhou Ming, the SZSE deputy general manager, briefed the stand-out problems in respect of the regulation practice of SME board, putting forward the explicit regulation requirements.
The directors of listed companies, present at the meeting, stated that the listed companies will strictly adhere to the bottom line of regulated operations, continue to strengthen the responsibility and risk awareness of controlling shareholders, de factor controllers and directors, and they also expressed that the listed companies will exploit the capital market platform to realize the regulated and fast development.
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