On December 29 2014, the annual meeting and re-election of Risk Management Committee under the Board of Directors of Shenzhen Stock Exchange (SZSE) was held. At the meeting, the 2014-2015 SZSE Work Report on Risk Management was approved, understanding and thinking about risks under new situations was interchanged, prominent market risks and corresponding prevention measures were discussed, and opinions and suggestions on strengthening risk management were put forward.
The Risk Management Committee plays the leading and decision-making role in the working system of SZSE risk management. Composed of leaders of securities companies and fund companies as well as representatives of regulatory bodies and industrial agencies, the new committee has reached a higher level in respects of representativeness, coverage and authoritativeness.
This adjustment to and enrichment of the Risk Management Committee represents a significant move for SZSE to strengthen the risk management and implement the spirit of the 4th Plenary Session of the 18th Central Committee of CPC and the “New National Nine Positive Stimuli”. It builds up a working mechanism on a regular basis for market players to jointly participate in market risk management, which is conducive to further enhancing the governance structure of SZSE, preventing systemic risks, and curb big vicious events.
Along with the founding of the second Risk Management Committee, together with the recently established Self-discipline Supervision Committee, Strategic Planning Committee and Innovation Development Committee as well as the existing SME Cultivation and Development Committee and Appeal and Review Committee, SZSE has built up an interchange and communication platform of multiple dimensions, which lays a solid foundation for the further promotion of the healthy and stable development of capital market.
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