On March 30, 2015, Shenzhen Stock Exchange convened the 45th Meeting of the 3rd Council, where SZSE 2014 Work Report and 2015 Work Arrangements, Work Report of the Special Committee under the Council, and other business rules were approved.
The Council fully affirmed SZSE’s achievements in promoting regulatory transition, strengthening infrastructure construction, serving entrepreneurship and innovation in 2014, and pointed out that the year of 2015 would be crucial for the capital market to comprehensively deepen reforms. Guiding by the “Four Comprehensively” strategic deployment (namely, to comprehensively build a moderately prosperous society, comprehensively deepen reform, comprehensively govern the country according to the law, and comprehensively apply strictness in governing the party) and in accordance with the requirements put forth in the National Work Conference on Securities and Futures Supervision, SZSE shall coordinate and promote the key tasks of reforms, stimulate the market’s vitality, accelerate regulatory transition, ensure safe operation, comprehensively enhance the level of marketization, legalization and internationalization, improve core competence in service, technology and management, and endeavor to serve the capital market and the national development strategies at a higher level and broader scope.
The Council’s important role in SZSE’s governance structure was stressed at the meeting. This year is the year of reform and innovation, when a lot of important reform tasks should be put into practice, including the reform of registration system, the launching of Shenzhen-Hong Kong Stock Connect, the issuance of SZSE 100ETF Option, the reconstruction of SZSE Component Index, and the construction of Qianhai platform. Under such new situations, the Council should perform its due duties to support the management team to propel and implement the reform tasks by adhering to the statutory duties and the decision-making principle and procedure requirements of “Three-Importances & One-Large (i.e. important decision-making for state-owned enterprises, important personnel arrangements, important project arrangements and large amount of capital operation)”.
The function of the Special Committee under the Council should be further emphasized and given more play, as mentioned at the meeting. The enthusiasm and initiative of the Committee should be vitalized and its role of strategic consultation and decision-making support should be allowed full play. SZSE shall create conditions to help the Committee implement its work, gradually optimize mechanism for work communication and member incentive, constantly improve the governance level in SZSE through perfecting the work of the Council and the Committee.
The meeting also discussed matters in relation to holding a general meeting for SZSE members when appropriate.