.jpg)
On the morning of November 15, the Shanghai Stock Exchange (SSE) held an outreach meeting for the leading group of the SSE CPC Committee to study and discuss the requirements put forward at the 3rd Plenary Session of the 18th CPC Central Committee (hereafter referred to as the 3rd Plenary Session).
The Meeting believed that the 3rd Plenary Session was an important session held under the new situation of China’s reform and opening-up. All objectives and tasks put forward at the 3rd Plenary Session would undoubtedly exert great and profound influence on China’s economic and social development. Meanwhile, many key reforms, including the reform of the capital market itself, would provide solid foundation and conditions for the innovative development of the capital market. China’s capital market would embrace a new round of rare development opportunity.
The Meeting said that the 3rd Plenary Session demanded that market should play a decisive role in resource allocation, which was an important breakthrough of the socialist market economic theory in the new historical period. As one of the key links of the modern market system, the SSE must stick to the market-oriented reform, expand the depth and breadth of the SSE market, and attract more investors and financiers of different levels and demands to participate in SSE market, so as to allow the SSE market to play a greater role in the new round of economic reform and growth.
The Meeting demanded that at present and in the future period, the SSE would do well in studying and implementing the requirements put forward at the 3rd Plenary Session according to the deployment made by the CPC Central Committee and the CPC Committee of the China Securities Regulatory Commission. The SSE would further emancipate its mind and transform the study and implementation of the requirements put forward at the 3rd Plenary Session into a strong impetus of actively participating in the reform and development of the capital market with high spirits. The SSE would promote the research and development of individual stock options, implement the innovative pilot of preferred shares, develop the exchanged-based bond market, further serve strategic emerging industries and enterprises, and propel the implementation of reform tasks including the opening-up of the market. Besides, it would, by supporting reinforced rationalization of listed companies, bring investors with good returns to enhance its capacity in serving the real economy, thus contributing its due share in helping the capital market to realize the China dream.
