Recently in Qingdao, Shenzhen Stock Exchange (‘SZSE’) organized an ‘Auditorium’ for ‘Home for Membership Business Departments’-- the first phase of wealth management training course for securities companies. In-depth discussions were taken place among backbone employees from 200 business departments of securities companies nationwide and domestic and overseas industrial experts. This training course was consisted of the following five modules: interpretation of policies and rules, wealth management, products configuration, investor appropriateness and risk management. According to the trainees, the training schedule was compact with down-to-earth content, therefore was beneficial for front-line employees to grasp wealth management knowledge and business skills and deepen their understanding on policies, rules, and product business in the capital market. For the next step, with Qingdao as the training base, SZSE will organize serial training courses themed with wealth management, aiming to cover all membership business departments.
As introduced by relevant principal of SZSE, building ‘Home for Membership Business Departments’ was an important move of SZSE to implement the State Council’s ‘9 New Opinions’, strengthen member services and fuel industry transformation. With direct access to the clients, over 6000 business departments from 115 securities companies nationwide, not only provide multi-tiered market products and services to clients, but also dig clients’ real needs and identify their risk tolerance. Along with the deepening of multi-tiered capital market development and the mass rise of wealth management market, the value and function of business departments should be re-recognized and re-positioned: firstly, they are crucial part of serving the real economy and satisfying the market demand of investing and financing; secondly, they are important foundation for developing modern investing bank, wealth management transformation development; thirdly, they are the front line of appropriateness management and investors protection. Currently, some securities companies have taken actions to restructure the organization structure of their business departments. Therefore, in hope of fully playing the market public interest platform, SZSE, capitalizing its own advantages, integrate the industry resources, strengthen the function of the branches of business department by means of ‘Home for Membership Business Departments’, facilitating the rapid transformation development of the industry.
By launching ‘Auditorium’, ‘Online Interactive Platform’ and ‘Innovation Exchange Center’, the ‘Home for Membership Business Departments’, organized by SZSE, provide more profound and extensive supportive services concerning personal training, material software, and products development for the industry. ‘Auditorium’, oriented towards the frontline backbone employees of the business department of securities companies, based on training professionals, aims at enhancing the business department’s capacity of serving the investors actively and accurately; ‘Online Interactive Platform’, by virtue of internet and mobile internet technology, provides various services including material software, video training, business consultation, and feedback through website and APP to the members and business department, and abort the voices from the frontline of the market; ‘Innovation Exchange Center’, located on SZSE Square, targeted on the innovative service of the securities companies, provides demonstration, review, risk surveillance and risk prevention and control for the product and service innovation. Ever since the launch of ‘Home for Membership Business Departments’, SZSE have carry out demonstration and review for the innovative financing plan proposed by 4 securities companies via ‘Innovation Exchange Center’, which energetically support the innovative development of the industry.
The principal indicated that as the sustainable development of national economy and steady growth of income of citizens, our country will witness grand times for the development of wealth management. Explicit requirements on extension of securities industry and capital market, enhancement of function of wealth management, development of modern investing bank and improvement of capacity of serving the real economy etc., have been put forward in the ‘9 New Opinions’ and Opinions on Pushing forward the Innovative Development of Securities Institution. SZSE will actively implement the requirement made by the State Council and China Securities Regulatory Commission, and fully play the leading role of market organizer. By utilizing the resources advantage of basic product market and trading platform, SZSE will work on enriching the product line, prioritizing the trading mechanism, improving the trading platform, attracting the market participants so as to provide more support for the innovative development of wealth management of the industry, and improve the multi-tiered capital market’s capacity and standards of serving the real economy.
