The Shanghai Stock Exchange (SSE) organized an outreach meeting for the leading group of the SSE CPC Committee to study the requirements at the 1st Session of the Comprehensively Propelling Reform Commission of the CPC Central Committee and the 1st Session of the Central Finance and Economics Commission on April 4, 2018. SSE Deputy Party Chief and President Huang Hongyuan presided over the meeting; also attending the meeting were other SSE officials and heads of the SSE Party affairs departments.
It was agreed at the meeting that changing the Central Leading Group for Comprehensively Propelling Reform and the Central Leading Group for Financial and Economic Affairs into the above two commissions is an important measure of improving the Party's leadership over major work items and a key result of propelling the reforms on the Party and national institutions, and it is of great practical significance and profound historical significance.
It was agreed that the speech delivered by General Secretary Xi Jinping at the 1st Plenary Session of the Comprehensively Propelling Reform Commission of the CPC Central Committee has made an in-depth analysis on the situation and tasks of comprehensively propelling reform, stressed the Party's overall leadership on it, made clear its direction and focuses, and expressed the CPC Central Committee's determination and perseverance of unswervingly boosting the reform, thus painting a clearer, more systematic and dimensional "road map" for promoting all the reform tasks. The meeting deliberated on and approved a series of rules, reports and matters for the reform work. Everyone should fully study and understand the requirements at the meeting, and grasp the arteries and strength points of comprehensively propelling reform by the CPC Central Committee, especially the arrangements related to the reform and development of the capital market, such as establishing Shanghai Financial Court and intensifying the regulation on non-financial enterprises investing in financial institutions, thus getting the right direction, making clear the focuses and detailing the procedures for the further work items.
It was agreed that the 1st Session of the Central Finance and Economics Commission has come up with specific ideas and made thorough arrangements on intensifying the CPC Central Committee's leadership over the economic work and winning the three battles for building a moderately well-off society in an all-round way. All the SSE cadres and staffs should study and understand the speech made by General Secretary Xi Jinping at the meeting, unify their thought and action to the accurate judgments of the CPC Central Committee on financial risks and to its decisions and arrangements on preventing and resolving them, well dispose of various hidden risks on the basic idea of structural deleveraging, and safeguard the sound operation of the capital market, thus striving to create a good economic and financial environment for building a moderately prosperous society in an all-round way. The SSE should play is pivotal role in the resources allocation of the capital market and contribute to the successes of targeted poverty relief as well as pollution prevention and control.
It was stressed that the SSE should be led by Xi Jinping's Thought on the Socialism with Chinese Characteristics for the New Era, regard the supply-side structural reform as the mainline, and integrate its own work into the general situation of China. While firmly sticking to the bottom line of no systematic risks, it should greatly support the development of new economy, enhance the 2-way opening-up level, cooperate with the issuance and listing system reform, improve the overall quality of listed companies, and boost the high-quality development of the capital market, thus paying a tribute to the 40th anniversary for implementing the reform and opening-up policy with its excellent achievements.
The meeting also studied and deployed the 2018 SSE key work items, synchronized with studying the 2018 Government Work Report.
