Party Central Committee, State Council Appoint Shanghai Stock Exchange Official

The Shanghai Stock Exchange (SSE) held a general staff meeting on May 4. Liu Shiyu, Chairman and Party Secretary of the China Securities Regulatory Commission (CSRC), was present and delivered a speech. Zhong Haidong, Director of the No. 4 Cadres Bureau of the Organization Department of the CPC Central Committee, announced the decision made by the Party Central Committee and the State Council: Huang Hongyuan was appointed Party Secretary of the SSE and nominated as the candidate for Chairman of the SSE Board of Governors (Vice-Ministerial Level). The SSE has held the 8th Session of the 4th Board of Governors meeting, in which Huang Hongyuan was elected Chairman of the SSE Board of Governors according to legal procedures.

Liu Shiyu said that the adjustment of person in charge of the SSE is the result of the overall considerations and careful study by the Party Central Committee and the State Council according to the work needs and the construction of the SSE leadership, and it has fully shown the high importance attached by the Party Central Committee and the State Council to the construction of the capital market and the CSRC system. The leadership team and all staff of the SSE should steadfastly uphold the decision of the Party Central Committee, continue to further study and implement Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era and the requirements at the 19th CPC National Congress, and make sure to get a good grasp of them and put them into implementation. The SSE should firmly establish the “4 Kinds of Consciousness” (about politics, general situation, core and benchmark), adhere to the “4 Kinds of Confidence” (in the socialist road with Chinese characteristics, theory, system and culture), and live up to the “4 Kinds of Compliance” (namely, Party members comply with Party organizations, minority complies with majority, lower organizations comply with higher ones, and all Party organizations and all Party members comply with the CPC National Congress and the CPC Central Committee), as well as implement the task on comprehensively strengthening the Party discipline and continue to boost the Party construction of the SSE. The SSE should resolutely implement the deployments at the 19th CPC National Congress, the National Financial Work Conference, the Central Economic Work Conference and the “Two Sessions” (the NPC & CPPCC sessions), focus on the three major tasks of serving the real economy, preventing and controlling financial risks and deepening financial reform, and steadily promote work items such as having innovative companies listed, implementing its front-line regulatory responsibility and unswervingly facilitating the opening-up of the capital market with an enthusiastic spirit. The SSE should also strengthen the leadership team building, build a high-quality professional team of cadres and talents, intensify the work style construction, cement surveys and studies, and enhance its service capacity, thus continuing to make new achievements in its work.

Wu Qing, Vice Mayor of Shanghai and former Chairman and Party Secretary of the SSE, attended the Board of Governors meeting and made a speech.

Source: CSRC Website (www.csrc.gov.cn)