Shanghai Stock Exchange Publicizes Methods For Supervising Honest Practices

Lately, the Shanghai Stock Exchange (SSE) has publicized methods for supervising honest practices through its official websites and micro-blog, and major securities media. All sectors of the society can directly report to the Discipline Inspection and Supervision Department of the SSE about issues of the SSE staff’s honest practices by telephone, fax, e-mail, letter, and visit.

The SSE has, on the basis of its external supervising system, improved and publicized the methods for supervising honest practices, in a bid to ensure a smooth channel for all walks of life, including investors, intermediary agencies, and listed companies, to supervise the SSE’s self-regulation and service, and reinforce social public supervision.

The methods for supervising honest practices:
Tel: 021-68827799
Fax: 021-68813188
E-mail: ljcyjd@sse.com.cn
Address: 8/F, North Tower, No. 528, South Pudong Road, Shanghai, 200120

Publicizing the methods for supervising honest practices is an important measure for the SSE to keep its party members and cadres clean and upright. Since early July, the Party Committee of the SSE has held several symposiums to collect the opinions and suggestions of small and medium-sized investors, institutional investors, listed companies, member units, and the SSE’s party members and masses on the SSE’s supervision service as well as its reform and innovation. Members of the SSE Party Committee have also gone deep into the frontline market and visited listed companies and securities business departments to have face-to-face talks and listen to the insights from all aspects. The SSE has sent out over 1,100 letters to relevant units for soliciting opinions and received altogether 330 advices and suggestions through symposiums, visits, and letters.

The SSE has also taken various measures to combat corruption and uphold integrity. For example, the SSE has reformed listed companies’ information disclosure system, built the direct channel for information disclosure, and transformed from prerequisite examination to aftermath regulation, which not only meets the requirements of the market-oriented reform of the supervising methods but also helps to prevent such corruptions as insider trading from the sources. Besides, the SSE has established the registration system for insiders of inside information to make an electronic registration for personnel dealing with inside information and strengthen the responsibility investigation. Furthermore, the SSE has strengthened its efforts on managing new products and business lines, publicized the procedures for its members and fund companies to apply for operating new products, implemented transparent regulation, and eliminated the discretionary power in regulation. With regard to its internal management, the SSE has focused on preventing commercial briberies in project construction and supplies purchase by regularly carrying out a special examination, and it has implemented such measures as “E-Tracking” and “Double Review” for operating systems.