On July 5, the Shanghai Stock Exchange (SSE) held an expanded meeting of the SSE Party Committee to study the speech delivered on July 1 by General Secretary Xi Jinping, convey the requirements of the working meeting of the China Securities Regulatory Commission (CSRC) and make arrangements for its major work in the second half of 2016.
Upon learning, all the attendees held that the speech made by Xi Jinping at the conference on celebrating the 95th birthday of the CPC summarized the glorious course, great achievements and historical enlightenment in the unremitting struggle of the Chinese people under the leadership of the CPC, stressed the perseverance in the cause of China’s rejuvenation led by the CPC, the socialist road with Chinese characteristics sponsored by the Chinese people under the leadership of the CPC, and the strategy of the CPC and the Chinese people rooting in China, absorbing human civilized achievements and independently realizing the country’s development, as well as put forward 8 requirements on “don’t forget our initial determination, and continue to forge ahead”. The leadership team of the SSE Party Committee was highly inspired to dedicate themselves into the Party’s financial cause. The speech made by CSRC Chairman Liu Shiyu at the working meeting, according to the CPC Central Committee’s decisions and deployments, analyzed the situation and tasks faced by the capital market, put forward the core theme of cementing the Party discipline in an all-round way and improving the ability of regulating the capital market, as well as gave directions, made requirements and offered encouragement for the upcoming work and team building of the securities regulatory system. Thus, the SSE should seriously learn, fully understand and comprehensively implement the decisions and deployments of the CPC Central Committee and the requirements at the CSRC working meeting.
The SSE Party Committee held that the requirements at the CSRC working meeting put forward an array of new requirements for the working direction and priorities of the SSE currently and in the near future. The SSE should consistently carry out the requirement of cementing the Party discipline in an all-round way, consolidate the rectification results after the central inspection, vigorously sponsor the education campaign of “Studying the Party Constitution and Regulations as well as the Speeches Delivered by General Secretary Xi Jinping to Be a Qualified Party Member”, and rethink the lessons learnt from the abnormal fluctuations in the 2015 stock market. Besides, the SSE should, according to the philosophy of legal, strict and comprehensive regulation, strengthen its frontline regulatory function, initiatively and fully assume its responsibilities, and consolidate its role as the first firewall for the regulation, risk control and protection of investors’ rights and interests in the capital market, in a bid to support the supply-oriented structural reform, the economic transformation and growth, and the county’s overall strategy. Moreover, in order to fulfill its functions, the SSE should prefect its governance structure and improve its abilities and systems, so as to build an exchange featured with standardized management, quality service and hi-efficient operation.
The SSE Party Committee required that all the cadres and staff should learn and understand the speeches previously delivered by Xin Jinping, carry out the deployments of the CSRC working meeting, and smoothly complete all the key work items of the SSE in the second half of this year. We should, according to the standard of excellent regulatory cadres put forward by the CSRC, be faithful, professional and responsible, unify our thinking, remember our initial determination and continue to forge ahead.
