.jpg)
The 7th General Assembly of the Shanghai Stock Exchange (SSE) was held in Shanghai on September 10, 2016, convened by the SSE Board of Governors, chaired by Wu Qing and attended by the representatives of 112 members.
The assembly discussed and approved the working report of the 3rd SSE Board of Governors. Fully acknowledging the work of the 3rd SSE Board of Governors, the assembly held that getting dedicated to the responsibilities, working hard and earnestly fulfilling the duties, the 3rd SSE Board of Governors has steered the SSE in making great progress in development. The assembly believed that the SSE will unveil a new history with both opportunities and challenges ahead. It should consistently carry out decisions and deployments made by the CPC Central Committee and the State Council. Under the leadership of the Party Committee of the China Securities Regulatory Commission (CSRC), it will, together with all of its members, attach importance to the two general situations of serving the national economy’s growth and the capital market’s construction, accomplish the core work items of cementing the frontline regulation, preventing the market risks and protecting investors’ rights and interest, focus on the main development line, be bold to rush to the regulatory frontline, hold the risk bottom line, and strive to build the SSE into a world-class exchange providing strong support for the state’s reform and development and effectively allocating the domestic and international resources in accordance with the standard of the world-leading exchanges.
The assembly discussed and approved the working report made by SSE President. The assembly fully acknowledged the work of the SSE management in recent years, holding that they have mainly made efforts in implementation and achieved significant results in strategy implementation, market construction, market regulation, technical development, internal management and other aspects. The assembly required that the SSE management should take both down-to-earth and aggressive approaches, focus on strengthening the financing function of the market, intensify the market regulation, improve the protection of investors, push forward the construction of the internal mechanism more rapidly and strive to write the new chapter of the SSE’s development and construction.
The assembly discussed and approved the working report of the first SSE Board of Supervisors. It fully acknowledged the work of the first SSE Board of Supervisors since its establishment, deeming that the first SSE Board of Supervisors was bold in exploration, realistic and pragmatic, and fulfilling the duties conscientiously, effectively playing its role in supervision. The assembly required that the new Board of Supervisors should start from a new point, focus on the general situation of the SSE’s construction and development, strive to improve the capability of fulfilling duties, make every effort to ensure the standardized operation of the SSE, and vigorously promote the healthy development of the industry.
The assembly discussed and approved the "SSE Constitution (Revised Draft)". According to the assembly, the Constitution is the fundamental and guiding document for the SSE’s establishment and operation, and it is necessary to revise the current Constitution as it no longer adapted to the development of the situations. Amendments have been made in the "SSE Constitution (Revised Draft)" in improving the SSE’s governance structure, implementing the position and responsibilities of the members as the participants in the SSE’s self-regulation, enriching and intensifying the SSE’s function in frontline regulation and other aspects, meeting the objective requirement for the SSE market’s development and regulation. The assembly required that the "SSE Constitution (Revised Draft)" should be submitted to the CSRC for approval in accordance with related provisions.
The member governors of the fourth SSE Board of Governors, the member supervisors of the second SSE Board of Supervisors and the members of the Policy Advisory Committee to the Board of Governors were also elected at the assembly.
The 8 member governors of the fourth SSE Board of Governors are as follows (in the order of Chinese pinyin of the company, the same below):
GF Securities Co., Ltd. (Sun Shuming);
Guotai Junan Securities Co., Ltd. (Yang Dehong);
Guosen Securities Co., Ltd. (He Ru);
Huachuang Securities Co., Ltd. (Tao Yongze);
Huatai Securities Co., Ltd. (Zhou Yi);
Shenwan Hongyuan Securities Co., Ltd. (Li Mei);
China International Capital Corporation Limited (Bi Mingjian);
CITIC Securities Co., Ltd. (Zhang Youjun).
The 3 member supervisors of the second SSE Board of Supervisors are as follows:
Haitong Securities Co., Ltd. (Zhou Jie);
China Merchants Securities Co., Ltd. (Wang Yan)
CITIC Securities Co., Ltd. (Wang Changqing).
The 19 members of the Policy Advisory Committee to the Board of Governors are as follows:
Essence Securities Co., Ltd. (Wang Lianzhi);
Great Wall Securities Co., Ltd. (He Wei);
Changjiang Securities Co., Ltd. (Deng Hui);
Northeast Securities Co., Ltd. (Li Fuchun);
Orient Securities Co., Ltd. (Jin Wenzhong);
Soochow Securities Co., Ltd. (Fan Li);
Everbright Securities Co., Ltd. (Xue Feng);
Sinolink Securities Co., Ltd. (Ran Yun);
Huarong Securities Co., Ltd. (Zhu Xianzhong);
Nanjing Securities Co., Ltd. (Bu Guoxun);
Ping An Securities Co., Ltd. (Xie Yonglin);
UBS Securities Co., Ltd. (Cheng Yisun);
Southwest Securities Co., Ltd. (Liao Qingxuan);
Cinda Securities Co., Ltd. (Zhang Zhigang);
Industrial Securities Co., Ltd. (Lan Rong);
China Galaxy Securities Co., Ltd. (Gu Weiguo);
Zhongtai Securities Co., Ltd. (Li Wei);
China Investment Securities Co., Ltd. (Gao Tao);
Central China Securities Co., Ltd. (Zhou Xiaoquan).
When the member governors are absent, the members of the Policy Advisory Committee to the Board of Governors can fill the vacancies in order.
The assembly called on the SSE and all members to adhere to the missions with consensus and joint efforts, under the strong leadership of the CPC Central Committee and the State Council as well as the unified deployments of the CSRC Party Committee, constantly promote the sustainable, steady and sound development of the SSE with aspiration, dedication and diligence, and make contributions to the general situation of China’s reform and development.
