The “Sixth Asia-Pacific New Market Forum” hosted by SZSE was held in Shenzhen on November 18, 2009. 10 exchanges in Asia-Pacific regions and relevant institutions coming from Japan, South Korea, Singapore, Thailand, Vietnam, Laos, Australia, Hong Kong and Taiwan attended the forum. Chen Dongzheng, council chairman of the SZSE and Zhu Congjiu, CSRC chairman assistant delivered the important speech. Song Liping, general manager of the SZSE, presided the meeting.
The topic of the forum is about developing new market, adjusting the industrial structure and promoting innovation. Chen Dongzheng briefed the basic information about China’s ChiNext board to the foreign and China’s delegates, meanwhile he pointed out that the ChiNext board is an important measure which is taken by China during the vital period in the response to global financial crisis and also an important aspect in sustaining growth, promoting employment and adjusting structure, more importantly it is the effective measure to trigger domestic demand and ease the bottleneck in the financing of small-medium enterprises.
Chen also stressed that China’s ChiNext board, as a wholly new thing, will face various challenges and resolve different problems in its development. The SZSE will strengthen the supervision on the raised funds of listed companies on the ChiNext board, intensify the information disclosure, accomplish the investor appropriateness management and prevent the high speculation and stock price rigging as well as study and establish the direct delisting system.
Mr. Zhu Congjiu, an assistant to the CSRC chairman introduced the backdrop for the development of China’s ChiNext board and elaborated how to get the accurate understanding of ChiNext board.
The delegates made the depth discussion on issues including the development strategy of new market, market mechanism.
During the forum, the persons from the exchanges abroad extended good wish for China’s ChiNext board, and they thought it is a powerful measure under the high-speed growth of the economy and China’s ChiNext board undoubtedly will go to the healthy and fast development.