From April 22 to 26, 2019, Shenzhen Stock Exchange (SZSE) held its 2019 members' general meeting in an online approach. The meeting was convened by SZSE's 4th Board of Directors. 116 member units' representatives attended, voted on relevant topics through the internet and offered suggestions to the SZSE market construction.
It's considered that the meeting strictly implemented the requirements stated in the Measures on Administration of Securities Exchanges and the Charter of Shenzhen Stock Exchange and conducted full communication and careful preparation. As a result, it is of great importance to further improve the mechanism of normalized convening members' general meetings and guide broad members to exercise legal rights, participate in the stock exchange governance and gather joint force of development, which will better promote the market construction of SZSE. The members highly valued the meeting, seriously deliberated each topic, exercised the right to vote in a timely manner, and actively spoke up their views and opinions. After the meeting, some member director and supervisor units assigned delegates to take part in the supervision of vote counting. Thanks to the broad and active participation of members, the meeting delivered quality effects.
The meeting deliberated and approved the Board's 2018 work summary and 2019 key work report. It fully affirmed the Board's work in 2018 and considered that the Board deepened the decision-making function, united and led the members to vigorously boost the reform and innovation development, and gave a powerful push to help SZSE better serve the overall national economic and social development. It's proposed that the Board shall stick to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the guiding principles of the 19th CPC National Congress, closely center around the three core tasks of financial work, and uphold the market-oriented and legalized principles to build consensus among members, give full play to all parties' joint force and bring all work of SZSE to a new platform.
The meeting deliberated and approved the President and CEO's 2018 work summary and 2019 key work report. It fully affirmed SZSE managers' work in 2018 and believed that the managers energetically boosted the market reform, constantly strengthened front-line supervision, solidly improved technical support and kept enhancing internal management to hold fast to the bottom line of risks and achieved pleasing results in all respects of market construction. It's proposed that the managers shall fully put into practice the policies and guidelines on the central economic and finance work, focus on perfecting fundamental institutions, earnestly perform regulatory duties, keep deepening market reform and constantly broaden opening-up to join hands with members in driving SZSE to achieve more complete market functions, more effective front-line supervision, more precise cultivation services, and more standard management and operation. Hence, the improved ability of serving the real economy.
The meeting deliberated and approved the supervisory committee's 2018 work summary and 2019 key work report. It fully affirmed the committee's work in 2018 and considered that the committee constantly improved its supervisory function, gathered internal and external supervisory forces, and fully played the supervisory role to effectively propel SZSE to further perfect internal governance mechanism, enhance and standardize the operation capacity and risk control ability. It's proposed that the supervisory committee shall center around the main work thread of fighting against preventing and addressing major risks and safeguarding the stable and sound development of capital market to seriously perform all supervisory functions, make innovation in work approaches, collect all parties' forces and enhance supervisory efficiency, therefore sparing no effort in ensuring the standard, robust and orderly development of SZSE.
The meeting deliberated and approved SZSE's 2018 financial resolution and 2019 financial budget. It believed that the resolution report expressed SZSE's 2018 operation efficiency and achievements, that the budget report told SZSE's reasonable estimate on the 2019 financial revenue and expenditure conditions based on market trends and business development needs and that the budget compilation was moderate and prudent. It required that SZSE's financial resolution and budget reports shall be submitted to the CSRC according to relevant stipulations and the financial management shall be constantly consolidated.
It's pointed out that the year 2019 marks the 70th anniversary of the establishment of new China, the crucial year for building an all-round well-off society and a key year for deepening reform and development in the capital market and fueling quality economic development. The CPC Central Committee with Comrade Xi Jinping at the core has highly valued the construction of capital market, elevated the capital market to the height of capable of exerting "butterfly effect" on the operation of finance, and required to build a standard, transparent, open, vigorous and resilient capital market. SZSE and all the members shall take initiative in aligning with the CPC and the state's policies and guidelines and practically unify thoughts and actions with the CPC Central Committee's judgement on international and domestic economic and financial situations and the decisions and deployment on economic and financial work. SZSE and the members shall building consensus and let the joint force play its role, closely following the CSRC leadership, deepen the reform and opening-up of capital market and prevent and resolve the risks in key areas. Moreover, SZSE and the members shall jointly fuel the quality development of SZSE market, build an internationally leading innovative capital formation center, and construct a world-class exchange to honor the 70th anniversary of our great motherland with distinctive performance!
