On May 10, the Shenzhen Stock Exchange jointly held two sessions of “members’ network ‘protection for investors’ training and interchange events” with Hubei and Jiangsu Bureaus of China Securities Regulation Commission in Wuhan and Nanjing cities respectively. The events were themed by “transparency, rationality, and appropriateness”. The events were aimed at propelling members to enhance the works on protection for investors, guiding investors to invest rationally, deepening the investor appropriateness management in the multi-layer capital market, and fostering healthy and rational investing culture in the capital market. Principals of members’ network in Hubei and Jiangsu attended the events. Directors of the SZSE, Hubei and Jiangsu Bureaus of the CSRC attended the special training activities.
Song Liping, the general manager of the SZSE, attended and addressed in the training in Wuhan city. She pointed out that since the overall implementation of investor appropriateness management system on the ChiNext board, appropriateness management had become a major fundamental system arrangement and an essential measure which protects investors’ rights and interests in the capital market. Appropriateness management’s importance and urgency to the reform and development of capital market should be fully recognized. The deepening in appropriateness management is the prerequisite for accelerating the reform of the key systems in capital market, and an important safeguard to enhance the weak capacity of capital market in serving the small and micro-small enterprises, and as well as a fundamental system for improving the stability of the capital market. As widely varied investors group, and immature the market regulation and integrity foundation, securities companies should be full awared of the responsibility shouldered on them, and value works on investors’ appropriateness management. In order to accomplish that, first, to continuously explore the ways and methods regarding customer risk assessment and classified management, strengthen self-discipline management for transactional behaviors of customers, and prevent and curb speculation on new shares; to emphasize investors risk education, clarify the harms involved in the blind and speculative investments, and avoid violating the laws and regulations unconsciously; second, to intensify product development efforts to cater for customers’ demands, implement the guiding principles of the innovation and development meeting for securities companies, properly handle the relationship between innovative development and compliance management and risk control, recommend proper products and services based on different situation of investors; third, detailed systems should be implemented in order to continuously improve the effectiveness and relevance of the risk revealing.
It is known that it is part of SZSE’s investors education series activities to jointly hold the “members’ network ‘protection for investors’ training and interchange event” with regional bureaus of the CSRC. The events are lectured by experts of the SZSE and famous scholars in the industry, with principals of securities companies’ sales network who directly facing and serving the investors being targeted trainee. The SZSE hopes that via organizing the tour training activities, the joint efforts of the market can be fully played, securities companies have better understand on the importance of guiding the rational investment and implementing the investors appropriateness management, the investment knowledge and investment philosophy is promoted, construction of rational investment of capital market is boosted, and protection for investors is strengthened.