On April 15, Shenzhen Stock Exchange (SZSE) held the 2017 general assembly of members in order to further improve its corporate governance structure, strengthen its front-line regulatory responsibility and advance the measures of “administering the market by law” and “managing the exchange by law”. At the assembly, Liu Shiyu, chairman of China Securities Regulatory Commission (CSRC), gave a keynote speech, CSRC vice chairman Jiang Yang gave a summary speech and Shenzhen vice mayor Ai Xuefeng also delivered an address. The assembly was presided over by SZSE chairman Wu Lijun and attended by representatives from 114 members, 2 special members, relevant departments of the CSRC, regional offices of the CSRC, institutions under the administration of the CSRC, relevant departments of Shenzhen Municipal Government, and market institutions and news media.
The assembly considered and passed the work reports of the board of directors, the president and the board of supervisors, revised the Constitution of Shenzhen Stock Exchange (Draft Amendment) and elected the new SZSE board of directors and board of supervisors. Members and fund management companies that had made outstanding contributions to the construction of the SZSE new generation trading system and the Shenzhen-Hong Kong Stock Connect were also awarded at the meeting.
During the general assembly, the first meetings of the new (fourth) board of directors and the new (second) board of supervisors were also held, at which new chairmen were chosen respectively and members of special committees under the board of supervisors were discussed.
The assembly highly appreciated the important role played by the board of directors, the management and the board of supervisors in advancing the construction of SZSE market. In recent years, SZSE has firmly implemented the policies of the CPC Central Committee and the State Council and conscientiously carried out the decisions and arrangements made by the CSRC. Aiming at serving the national strategy and the real economy, it has persevered in market-oriented, legal and internationalized reforms, committed itself to its mission and responsibility, earnestly performed its duties, kept overall development in mind, made reforms and innovations with keen determination, stimulated market dynamics and endogenous impetus, and created a multi-tiered capital market system with full fundamental functions, distinctive segment features, standardized and transparent supervision, safe and reliable operation and comprehensive and efficient services, thus playing an active role in the reform, stabilization and development of the capital market.
The assembly pointed out that in the new historic era, SZSE will resolutely carry out the decisions and arrangements of the CPC Central Committee and the State Council and, under the leadership of the CSRC and in collaboration with its members, maintain the general tone of making progress while ensuring stability, solidly advance priority work, firmly maintain market stability, promote all members’ active participation in market construction, serve the national overall strategy, and fully support the development of real economy. SZSE will stick to market-oriented, legal and internationalized reforms, further enhance its abilities of supervision, development, service, technology and management, continuously invigorate market dynamics, improve its core competency and international influence, create an innovation capital formation center and turn itself into a world first-class stock exchange.
Appendix: Members of the New Board of Directors and Board of Supervisors
1. Members of the Fourth Board of Directors (13 Persons)
Chairman: Wu Lijun
Vice Chairman: Zhang Ying
Non-member directors: Wang Jianjun, Li Jizun and Jiao Jinhong
Member directors (in the order of Chinese phonetic alphabet of members’ names): Wang Lianzhi, Essence Securities Co., Ltd.; Yao Wenping, Tebon Securities Co., Ltd.; Ran Yun, Sinolink Securities Co., Ltd.; Qu Qiuping, Haitong Securities Co., Ltd.; Lan Rong, Industrial Securities Co., Ltd.; Chen Gongyan, China Galaxy Securities Co., Ltd.; Wang Yan, China Merchants Securities Co., Ltd.; Qi Liang, China Securities Co., Ltd.
2. Members of the Second Board of Supervisors (7 Persons)
Chairman: Yang Zhihua
Non-member supervisor: Jia Wenqin
Member supervisors (in the order of Chinese phonetic alphabet of members’ names): Sun Shuming, GF Securities Co., Ltd.; Wang Song, Guotai Junan Securities Co., Ltd.; Zhang Youjun, CITIC Securities Co., Ltd.
Staff supervisors: Bao Shuangzu and Ding Zhihui
