SFC Chairman Xiao Gang: Securities Law Will Be Amended

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< p > today, the chairman of the securities and Futures Commission, Xiao Gang, released the keynote speech on the theme of reform: < a href= "http://sjfzxm.com/news/index_s.asp" > 2014 financial year conference < /a > /p >

< p > Xiao Gang said that the reform of China's capital market should be market-oriented, legalized and internationalized. < /p >

< p > < a href= > http://sjfzxm.com/news/index_s.asp > Xiaogang < /a >: distortion of capital market leads to resource mismatch < /p >

< p > Xiao Gang: the cash flow of our listed companies is not sufficient. < /p >

< p > Xiao Gang: the dominance of listed companies is still widespread, and the interests of small and medium-sized investors are often violated. < /p >

< p > Xiao Gang: the delisting mechanism has not been fully established and needs to be solved through market-oriented reform < /p >

< p > Xiao Gang: in the reform, we must maintain strategic determination and actively and steadily push forward the marketization reform < /p >

< p > Xiao Gang: the registration system is a reform that moves the whole body. < /p >

< p > Xiao Gang: marketization is a heavy and arduous task. < /p >

< p > Xiao Gang: the Securities Association will implement the registration system reform. We must not think that it is a registration effective system, nor is it equal to < a href= "http://sjfzxm.com/news/index_h.asp" > < < /a > > regulation is relaxed. < /p >

< p > Xiao Gang: registration system is the real restoration of the market and respect the market. I hereby clarify that the registration system is not effective for the record, and the securities will increase management in the future < /p >.

< p > Xiao Gang: if we want to implement < a href= "http://sjfzxm.com/news/index_h.asp >" registered securities law < /a >, we must modify < /p >

< p > Xiao Gang: registration system is the cow B system of capital market reform < /p >

< p > Xiao Gang: we will unswervingly push forward the reform of stock issuance registration system < /p >

< p > Xiao Gang, chairman of the securities and Futures Commission, said that the core of the reform of < a href= "http://sjfzxm.com/news/index_h.asp" > stock issuance registration system < /a > is information disclosure. The SFC integrates the accuracy, comprehensiveness and timeliness of the issuer's information disclosure, but does not make judgments on the company's investment value and continuous profitability, and really has the right to the market and investors.

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< p > Xiao Gang said today that the registration system reform of IPO has taken the lead in the capital market.

The core is the letter, the SFC integrates the accurate and comprehensive information disclosure of the issuer, but does not judge its investment value and sustained profitability.

It really has the right to market and investors.

But it does not mean that regulation is relaxed and junk stocks are more.

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< p > < strong > Xiaogang: do not plan to open the international board < /strong > /p >

< p > Xiao Gang said: "we want to push forward the two-way opening of the capital market, promote the internationalization of the capital market, and do not intend to open the international board now. The conditions for opening the international board are not yet ripe.

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< p > < a href= > http://sjfzxm.com/news/index_cj.as > > the chairman of the securities and Futures Commission < /a > Xiao Gang said at the annual meeting of Finance and economics today that reform has always been driven by problems and problems, so as to solve the current problems and deepen them in solving problems.

Reform should have the spirit of tenacity and nailing. The reform of capital market should be market-oriented, legalized and internationalized.

China's capital market is mainly led by the administration, and the external ecological environment surrounding the market is not marketization. Marketization is a heavy and arduous task.

Various forms of examination and approval for archival filing are more numerous, and there are many items without name.

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