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On May 20, the Shanghai Stock Exchange (SSE) held a cadres’ conference to declare the decisions of the CPC Central Committee and the State Council: Comrade Wu Qing holds the position of Party Chief of the SSE, and is nominated for Chairman of Board of Governors of the SSE (at the level of Deputy Minister); Comrade Gui Minjie, due to his age, no long holds the positions of Party Chief and Chairman of Board of Governors of the SSE. According to the legal procedures, Wu Qing is elected Chairman of Board of Governors of the SSE at the 65th meeting of the 3rd Board of Governors.
Liu Shiyu, Party Chief and Chairman of the China Securities Regulatory Commission (CSRC), says at the above conference that the adjustment to the major officials of the SSE fully shows the high importance attached by the CPC Central Committee and the State Council to the construction of the capital market and the building of the SSE leadership. He adds that the SSE should seriously study and implement the requirements put forward at the 18th National Congress of the CPC, the 3rd, 4th and 5th Plenary Sessions of the 18th CPC Central Committee, and the speeches delivered by General Secretary Xi Jinping, consciously keep consistency with the Central Party Committee with Xi Jinping as General Secretary in ideology, politics and action, and further cement the awareness of politics, general situation, core issues and coordination. The SSE should, according to the deployments of the CPC Central Committee and the State Council and the requirements of the CSRC Party Committee, continue to seriously and consistently rectify for the central inspection work, vigorously sponsor the education campaign of “Studying the Party Constitution Regulations and the Speeches Delivered by General Secretary Xi Jinping to Be A Qualified Party Member”, strengthen the Party’s construction and implement the deployments of cementing the Party discipline in an all-round way and continuously propel the building of the Party's work style and of a clean government. Besides, the SSE should bear its mission in mind, perfect itself, attach importance to the main line of the supply-oriented structural reform, serve the 5 key tasks of “reducing production capacities, decreasing inventories, deleveraging, lowering costs and improving deficiencies”, earnestly fuel all the work items, give full play to the role of the market mechanism and serve the real economy’ growth. Finally, it should strengthen its self-regulation and frontline regulation, enhance the quality of information disclosure, and build a fair, transparent and honest market, in a bid to protect investors’ legitimate rights and interest.
