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Shenzhen Stock Exchange (SZSE) held the 2nd Meeting of the 4th Board of Directors on 31 August, 2017. At the meeting, the Work Rules for the Board of Directors (Revised in 2017) and the Work Reports of Special Committees of the Board of Directors were deliberated, SZSE’s work summary for the first half of 2017 and work plan for the second half of 2017 were briefed, a deep discussion around how to do well the market risk prevention work was made.
It was agreed on the meeting that the Board of Directors had work seriously, pragmatically and responsibly to perform its duties, strived to improve SZSE’s governance structure, perfected and optimized SZSE’s work mechanism, constantly strengthened its self-construction, and continuously displayed directors’ market, information and professional advantages since 2017 Annual General Assembly of SZSE held in April 2017, and great achievements were made by the Board of Directors. The Board of Directors had paid high attention to and spare no efforts to promote the work of all special committees under it, and taken it as an important handgrip to do an exquisite and down-to-earth job, and carried out a series of fruitful work. In the first half of 2017, the Board of Directors adjusted and optimized the organizational structure of all special committees, seven special committees convened their working meetings successively, organized their members to discuss on the major issues regarding multi-level market construction, financial risk prevention and international development, and carefully listened to the members’ opinions, so as to bring their self-discipline, leading and professional roles into full play, and build consensus and gather power to promote the healthy development and stable operation of the capital market. The meeting stressed that the special committees of the Board of Directors is the expansion and extension of the work of the Board of Directors, and an important platform for giving the roles of SZSE’s members into full play and promoting them to better participate in SZSE’s work, as well as an important mechanism arrangement for promoting the development of the market, SZSE and its members. The enthusiastic participation and active response of the members of SZSE has played an important role in improving SZSE’s governance and enhancing SZSE’s management level. The Board of Directors will continue to promote all special committees to implement the work plan in the next step, focus on SZSE’s development strategy, strengthen SZSE’s role of front-line supervision, do well the risk prevention work and perfect the internal operation and management, so as to enhance SZSE’s ability in serving the real economy and further lay a solid foundation for the healthy and stable development of the capital market.
The meeting pointed out that the control and prevention of financial risks is an important task decided at The National Conference on Financial Work, and doing well the market risk prevention work is an important political task for SZSE in the current and future periods. SZSE and its members should further reinforce the collaboration in risk prevention work, and timely communicate relevant problems and deal with the risks, so as to jointly maintain the stable operation of the market. Besides, SZSE should strengthen risk awareness and implement risk responsibility as well as comprehensively strengthen the key risk prevention work to ‘know fairly well and have a ready answer’. It should keep tracking and evaluating the risks, establish a regular risk management mechanism, strengthen the monitoring and warning of risks, and dynamically improve the risk ledger. It should address weak links of its system and prevent the risks from cross-infection or cross-market diffusion. It should establish a unified risk monitoring platform, reinforce information sharing, and enhance the intelligence level of risk management and the timeliness and effectiveness of risk anticipation.
The meeting fully affirmed the work of SZSE in the first half of the year. The meeting pointed out that SZSE had earnestly studied and implemented the spirit of the Sixth Plenary Session of the 18th CPC Central Committee and important speeches of General Secretary Xi Jinping in the first half of the year, firmly established ‘four kinds of consciousness’, effectively raised its political positioning, resolutely implemented the economic and financial work policies of the CPC Central Committee and the State Council, carefully implemented relevant deployment of China Securities Regulatory Commission (CSRC) on the reformation and stable development of the capital market, continued to promote progress while maintaining stability, comprehensively implemented the requirements for strict governance of the party and SZSE, put the risk prevention in a more prominent position, focused on strengthening its front-line supervision responsibility, promoted the multi-level capital market system construction in an orderly manner, and gained great achievements.
The meeting pointed out that SZSE should carefully learn and implement the spirit of The National Conference on Financial Work and important speeches of General Secretary Xi Jinping in the second half of the year, promote and implement the work deployment of the interim supervision work meeting, and focus on strengthening the front-line supervision, maintaining the market stability, and taking precautions against and reducing financial risks to do well the key work as follows: firstly, it should strengthen its party construction, thoroughly implement the requirements for strict governance of the party and SZSE; secondly, it should reinforce key risk screening and prevention to ensure the safe and stable operation of the market; thirdly, it should make solid progress in implementing the front-line supervision responsibility, and promote the implementation of trading behavior supervision mode centered by supervision of members; fourthly, it should vigorously promote the ability for serving the real economy, and expand the depth, breadth and intensity of serving for the real economy; fifthly, it should continuously promote the key tasks of reform and development, and consolidate the market reform and development foundation. SZSE will continue to promote progress while maintaining stability with an ambitious, pragmatic and persistent attitude under the leadership of CSRC, and make all efforts to promote its business to a new height, so as to embrace the successful opening of the CPC 19th National Congress with good mental state and excellent performance.
