The Shanghai Stock Exchange (SSE) recently holds an outreach meeting for the leading group of the SSE CPC Committee to study and implement the requirements put forward at the 4th Plenary Session of the 18th CPC Central Committee (the “4th Plenary Session” for short). The meeting analyzes and discusses how the SSE will implement the requirements at the “4th Plenary Session”, cement the legal construction of the market, and elevate the level of ruling the market according to laws.
The leading group of the SSE CPC Committee unanimously holds that the SSE should conscientiously adopt the principle of rule of law to study and propel all work items of the SSE. In light of the work items, the SSE will make efforts in the following aspects:
I. It will deeply understand the significance of boosting the campaign of ruling the country according to laws in an all-round way, which is a great decision made after summarizing the merits and lessons in the socialist legal construction of China, a key guarantee for building a moderately prosperous society and deepening reform and opening up in all respects, and a profound consideration for realizing Chinese nation's great rejuvenation and China’s Dream as well as the long-term stability of the CPC and the country.
II. It will do a better job in completing all work items in the principle of rule of law. The SSE will initiatively strengthen the awareness of rule of law, take the lead in learning laws, conscientiously use laws, and abide by laws as a model. Besides, efforts will be made to foster a thought of rule of law to fuel the market reform, boost the market innovation, and solve the market problems. Finally, the SSE will use laws on its own initiative to consolidate the foundation for the rule of law of the market and enhance the ability of ruling the market according to laws.
III. It will further improve the system of self-regulatory rules for the SSE market. Specifically, the SSE will further perfect the self-regulatory rules of the market, comprehensively plan the system of self-regulatory rules, and speed up the formulation of rules in major fields. It will also make more efforts to improve the formulation of self-regulatory rules, follow rules and adopt proper means, and attach importance to opinion solicitation and feedbacks. Furthermore, it will strengthen the comprehensive management of the formulation of rules, cement arrangement in a comprehensive way and coordination, and stress on the rectification and integration work.
IV. It will fulfill the duty of self-regulation in the principle of “being strict, standardized, fair and civilized”. The SSE will streamline the items for prior examination and registration, spare no efforts on in-process and aftermath regulation, standardize the operation of the self-regulatory power, perfect the mechanism of separation of investigation from trial for disciplinary penalty, and improve the review mechanism of regulatory decisions.
V. It will improve its self-governance in the aspect of rule of law. The SSE will take pains to promote the internal management and supervision for its standardized, high-efficient, orderly and honest operation. A batch of high-quality legal talents will be cultivated, and the ability of the SSE’s staffs in handling work according to laws will be enhanced as well.
Studying and implementing the requirements at the “4th Plenary Session” is a very important task at present. The SSE will continuously study the requirements in its practices and upgrade the level of ruling the market according to laws.