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Shenzhen Stock Exchange (SZSE) worked out a first-aid program and took effective actions to track the earthquake hit in Wenchuan County, Sichuan Province on 12 May, 2008 with the aim to guarantee the proper running of securities market.
SZSE managed to contact listed companies based in the area and is keeping trace of the local situation. By early morning of May 13, SZSE has obtained connections with all companies and had a better understanding of the actual conditions of those companies.
SZSE required those companies to disclose relevant information such as operations affected by the earthquake and made announcements on trading suspension of companies who still cannot be reached. For listed companies headquartered in other cities, analysis and appraisals on earthquake’s impact are to be made.
Communication and transaction systems will be under tightened monitoring to ensure the normal business settlement. And members should be within contact to provide the latest information for easy supporting and servicing.
The investor training center of SZSE cooperates closely with related departments to offer timely reply to suggestions and proposals from investors.
On May 13, SZSE repeatedly sent out the “Notice on effective measures to curb illegitimate trading of non-tradable shares” to its members as well as the lists of shareholders who hold more than 1 percent of non-tradable shares and has sold exceeding 0.2 percent.
For the sake of proper market operation and aid to the earthquake-hit areas, SZSE set up systems for meetings every half a day and daily contact with securities institutions in these areas, and also required all staff to hold their positions during this special period. SZSE encouraged stuff to offer donation to the earthquake-stricken area, in accordance with its corporate value of public welfare and social responsibility.
