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In accordance with the Opinion on Further Enhancing the Protection of the Legitimate Rights and Interests of Medium and Small Investors in the Capital Market as issued by the general office of the state council, in the spirit of the State Securities and Futures Supervision Work Conference, Shenzhen Securities Exchange is launching a series of activities themed as Investor Rights and Interests Protection Mar, 15, to greet the World Consumer Rights Day. The activities include an award ceremony for the essay contest to encourage rational investment via which investors are encouraged to tell their own stories (“entering the Exchange”), the 14th on-line consultation on investor rights safeguarding on Mar. 15, the 25th “Realizing Chinese Dream, Entering the Sales Department of Securities Companies”, the 160th “Realizing Chinese Dream, Entering the Listed Companies”, release of the 2015 Investigation Report on Individual Investors, and so on.
Investors are the consumers of financial products, thus to safeguard investors’ rights and interests plays an important role in the sound and steady development of the capital market. Shenzhen Stock Exchange has hosted the serial activities of Mar. 15 investor rights protection for years. It steadily facilitates self-regulation, basing on the principle of openness, fairness and impartiality, with an aim to build a platform where the rights and interests of medium and small investors could be protected in an all-around way and to lay a solid foundation for the sound and steady development of the capital market in China.
To promote the concept of rational investment
On Mar 14, Shenzhen Stock Exchange conducted the ceremony for essay contest to encourage rational investment where investors told their investment stories. To promote the concept of rational investment, Shenzhen Stock Exchange hosted the essay contest during the period of market abnormal fluctuations last year to collect from investors their works which revealed the psychological journey of the general investors growing with the Chinese stock market in the past 20 years and which inspired the general investors to think reasonably about market risks and investment strategies. Among the many works collected, there were new entrants describing the excitement of entering the market and veterans sharing their investment experiences. There are emotional surges, exhilaration of triumph, and deep thoughts and mediations of defeat, among which, the concept of rational and value investment took root and sprout.
There were 610 pieces of works collected, covering essays, novels, plays, classical Chinese poetries and etc. It took three rounds of screening sessions before the winners could be awarded the first prize, second prize, third prize, award of merit or others awards. The related officers from the Investor Protection Bureau of China Securities Regulation Commission and Shenzhen Stock Exchange attended the ceremony and awarded the prizes to the winners.
During the ceremony, the representative of prize winners delivered the acceptance speech, saying that he had condensed his experiences, verified his practice and revealed his honest thinking in his essay, hoping that via his years of exploration, witnessing and reflection, every investor may understand that, only by embracing the concept of rational investment, could one enjoy the happiness that comes along with investment in the unpredictable market.
To provide investors with services in an all-around way
Shenzhen Stock Exchange shall, apart from guiding the investors to embrace the concept of rational investment, increase risk awareness and self-protection, persist on the principle of strict supervision and regulation, and perfect the long-term mechanism addressing various market risks, said a related officer from the Exchange. The Exchange shall also amend the implementation measures for and strengthen the risk management of marginal trading. Furthermore, the Exchange shall also formulate the Memorandum of Trading Suspension and Resumption of Listed Companies so as to regulate the listed companies’ behaviors in this regard. Besides, the Exchange shall also draft and amend relevant rules for structured funds, greatly improve information disclosing and increase the transparency of the market so that investors’ right to information may be fully protected.
First, Shenzhen Stock Exchange appointed an additional period in the morning for disclosure and another period for direct disclosure on non-trading days, in a way that enables listed companies to disclose information more timely and efficiently. Second, listed companies are regulated according to types of industries. Guidance for disclosure were formulated and amended 10 industries including the internet, the photovolt, and the energy conservation and environment protection sector, increasing the effectiveness of information disclosure. Third, a concise display function was created for information disclosed by listed companies, which makes it more convenient for investors to capture the information needed. Fourth, illegal stock trading shall be strictly investigated, and regulation of information disclosure regarding pledge of stock shall be reinforced.
Shenzhen Stock Exchange shall continue to improve the services platform for medium and small investors’ rights and interests, and make use of the role played by the 6 “Easies”, trying to provide considerate services to investors all around. Last year, Shenzhen Stock Exchange initiated the “Call Easy” Wechat platform, which allows for quick and smooth access and speedy response to investors’ claims; released the App “Interact Easy” targeting companies as end users, which allows investors and listed companies to interact and communicate more efficiently; released the web version of “Analyze Easy”, filling the market void and providing the more analyzing and learning tools for rational investing; conducted several investigations “Collect Easy” on investors, listening to the opinions and suggestions from investors on relevant rules.
It is said that Shenzhen Stock Exchange shall continue to promote the platform of the 6 “Easies” and the three themed activities on investor education in 2016, and to further perfect the one-stop services mechanism. It shall launch the exclusive column for name change of listed companies for the convenience of investors’ queries of history of used names of listed companies. It shall conduct the financial experiments on investor behaviors, trying to promote rational investment. The Exchange shall also build an investors’ home based on the principles of “openness, interaction, and sharing”, aiming to furnish a high-level and professional foundation for investor interaction and education.
Furthermore, among the serial activities on March 15 investor rights and interests protection, the 14th on-line consultation on investor rights safeguarding shall be launched on Mar. 15, the 25th “Realizing Chinese Dream, Entering the Sales Department of Securities Companies” on Mar. 16, the 160th “Realizing Chinese Dream, Entering the Listed Companies” on Mar. 17. Via the three themed activities of “entering and inviting” for investor education, the Exchange manages to serve the general medium and small investors and set an example for the market.
