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SONG Li Ping, General Manager of the Shenzhen Stock Exchange, expressed on June 28, 2008 that regulated operation of listed firms are the foundation for stable and healthy development of securities market. Given the current market and economic situation, the task for board secretaries is still heavy.
SONG Li Ping noted that in the face of new challenges, board secretaries should implement recent tasks deployed by the CSRC, insist and improve listed firms to undertake self-check activities, improve internal management and control in a bid to ensure formal operation of listed firms and curb illegitimate deals, disclose information under the circumstance of complicated macro economy and ever-changing market environment as well as keep away possible illegitimate trading of restricted shares by senior officials and market manipulation.
SONG Li Ping also pointed that the Shenzhen Stock Exchange would support board secretaries’ work as usual to urge them to play better roles. Tasks for this year will be focused on further specifying obligations and responsibilities of board secretaries for information disclosure, strengthening their awareness of laws and regulations to lower risks and improve quality, exploring better qualification examination methods for board secretaries, and enhancing training and management for them and setting up databases for board secretaries and securities representatives.
