Risk Management Committee Established Under Shenzhen Stock Exchange

The Shenzhen Stock Exchange lately held the 25th meeting for the third Board of Directors, discussed and passed the proposal to set up a risk management committee and related business regulations.

With the accelerating construction of a multi-tier capital market and increasing activity of the market, the exchange is facing more risks and potential problems. Therefore, the board decided at the meeting to set up a risk management committee in a bid to enhance its risk management decision-making capability, improve the risk management system, effectively prevent and divert various risks, and ensure a stable and orderly market.

So far into this year, under the leadership of the China Securities Regulatory Commission, the exchange has reinforced market front supervision and operational safety, actively pushed forward the construction of a multi-layer capital market system with the SME board as its core, and achieved all-around results.

The meeting was chaired by Chen Dongzheng, board chairman and CPC secretary of the exchange, attended by Zhang Yujun, Wang Yanguo, Wu Wanshan and other directors.