In accordance with the spirit of the 19th CPC National Congress, to uphold the authority of the Constitution and strengthen the trustworthiness and rule of law in the multi-layer capital market, recently Shenzhen Stock Exchange (“SZSE”) and CSDS Shenzhen branch launched a common legal knowledge promotion and education activity online via the Investor Online Communication Platform of p5w.net under the theme of “strengthening SZSE’s role of front-line supervision and regulation in accordance with the spirit of the 19th CPC National Congress”.
The 19th CPC National Congress has opened a great journey of socialism with Chinese characteristics for the new era, specified the overall goal of constructing the socialist system of laws with Chinese characteristics and building a socialist country under the rule of law by implementing rule of law in an all-round way, and pointed out the direction for future development of the capital market. As the market organizer, operator and supervisor of self-disciplined regulator, SZSE is burdened with the heavy responsibilities of serving the real economy and maintaining the steady operation of the financial market. The newly revised Measures on Administration of Securities Exchanges (“Administration Measures”) provides important rules and regulations for the capital market, laying a solid institutional ground for SZSE to fulfill its front-line supervision and regulation responsibilities at a new starting point in history.
The common legal knowledge promotion and education was conducted by face-to-face communication. The organizers imparted knowledge about the Constitution and the revisions of the Administration Measures to investors and other market players, and gave replies to over 100 issues of market players’ concern, touching upon information disclosure, standard operation, Shenzhen-Hong Kong Stock Connect, securities registration and clearing and etc. An officer from SZSE expressed that the common legal knowledge education and promotion has deepened market players’ understanding of SZSE’s role as a front-line regulator, raised their awareness of trustworthiness, law-abiding and risk prevention, which is conducive to creating a market environment where laws and regulated are respected and abided by.
In recent years, SZSE is committed to its duties and the practice of front-line regulation, persevered in ruling the market by law, with various measures taken, and has been actively promoting common legal knowledge in the market. Since 2017, SZSE has conducted 71 pre-job or special training programs for companies going public, listed companies, bond issuers, members and its directors, supervisors and senior management and etc, with 14,000 persons involved. Besides, SZSE also organized 30 theme activities to “enter the listed companies and business departments of securities companies”, serving and educating more than 1400 investors. With cartoons and short animated films, SZSE explains and promotes the important rules and regulations in the capital market, and guides investors toward rational investment. Furthermore, SZSE has also established a coordination mechanism for investor education with Hong Kong Stock Exchange in respect of education of investors involved in Shenzhen-Hong Kong Stock Connect.