Top Three Domestic Securities Newspapers In December 20Th

　　 China Securities Journal

Xinhua news agency financial information exchange opens in Beijing

The opening ceremony of the Xinhua financial information exchange was held on 18 October in the Financial District of Beijing, which is the first exchange in the field of global financial information. Guo Jinlong, mayor of Beijing and Li Congjun, President of Xinhua news agency, attended the opening ceremony.

Shang Fulin: vigorously promote market-oriented mergers and acquisitions

Shang Fulin, chairman of the China Securities Regulatory Commission, said at the Ninth China Corporate Governance Forum 18, to vigorously promote the merger and reorganization of the market, the SFC will further improve the institutional arrangements for mergers and acquisitions, reduce the examination and approval links, and improve the efficiency and transparency of the audit of mergers and acquisitions. He also said that the small and medium shareholders should be encouraged to participate in the decision-making management of the major affairs of the listed companies. The SFC will strive to improve the construction of the civil litigation system for small and medium-sized investors, and increase the protection of investors with the help of the judicial system. In addition, Shang Fulin said in an exclusive interview with the media recently that the next step is to consciously foster market mechanisms in advancing the reform of the system.

　　 Shanghai Securities Daily

Shang Fulin: the framework of corporate governance conforming to the national conditions is basically established.

Shang Fulin, chairman of the China Securities Regulatory Commission, said in Shanghai 18, that the framework of corporate governance that is in line with China's national conditions and market conditions has been basically established. In order to give full play to the role of the capital market in serving the overall situation of the national economy, we must put more emphasis on improving the quality of listed companies and improving the governance of listed companies. The next stage of work arrangement will include actively promoting the formulation of regulations on supervision and management of listed companies, perfecting the arrangement of corporate mergers and acquisitions, strengthening supervision over controlling shareholders and actual controllers, and coordinating the scope of civil litigation for small and medium investors.

Issuance and verification of stereoscopic reform fetal movement stock issue will be a breakthrough

Recently, the Shanghai Securities News revealed that, on the basis of the second stage of the reform of the distribution system, the reform of the market price formation mechanism will be implemented simultaneously with the issuance system and the audit system reform. The key points of the audit system reform include sorting out, revising the IPO approach and refinancing methods, so that the audit pays more attention to the core and substantive factors that affect the company's fundamentals and sustainability. At the same time, we will clarify the responsibilities of the participants in the listing process and strengthen the constraints on the intermediaries headed by the sponsor agencies.

　　 Securities Times

Shang Fulin: pushing insider trading into civil action

Shang Fulin, chairman of the China Securities Regulatory Commission, said at the Ninth China Corporate Governance Forum that to further develop the role of the capital market in serving the overall situation of the national economy, we must put more emphasis on improving the quality of listed companies and improving the governance of listed companies. At present and in the future, efforts should be made to build a system and mechanism conducive to the development of listed companies from five aspects.

Authorities say the stock issue will break through next year.

Authoritative sources recently told the Securities Times reporter that next year, the regulatory authorities will continue to promote the IPO system reform, the next step of reform and audit system reform should be promoted simultaneously. As far as the issuing system is concerned, the next step is to launch a pilot project for stock issuance, while continuing to improve the mechanism, strengthen the responsibilities of intermediary agencies, and improve the checks and balances between sponsor agencies, inquiry institutions and issuers.