There Is Still Room For Improvement In The Development Of Capital Markets And The Legalization Of Supervision.

In this year's actions to crack down on all kinds of illegal activities, Xintai electric and related personnel have been pferred to public security organs for suspected fraud and other related crimes. They have been investigated for criminal responsibility according to law. They have become an important sign of strict supervision in the background of "strong legal system" in China's securities market.

A securities brokerage executive said that the securities law stipulates the relevant civil liability for compensation, but in the past, investors did not succeed in actual civil claims, and there were not many cases of compensation. The court found that the causal relationship between the illegal behavior and the victimized result and the scope of the liability of the actor, the calculation method of the loss were not very clear.

Many agencies are optimistic about the development prospects of the securities industry under the "strong legal system" environment.

Analysis of open source securities shows that in the second half of this year, with the continuous introduction and implementation of regulatory policies and measures, the professional competence, prudence and diligence of securities companies will be mentioned higher.

In the new market environment, the differentiation of the industrial structure will accelerate, and the securities companies with strong capital strength, comprehensive business capability and strong wind control system will have an opportunity to develop.

We should accelerate the improvement of investor's civil compensation mechanism, construct a dual protection system for diversified dispute resolution and judicial relief, and implement the civil liability provisions of the Securities Law on illegal activities such as insider trading, intensify the investigation of criminal responsibility, strengthen market supervision, deter illegal activities, and enhance investor rights and interests protection.

Meanwhile, the improvement of the system and mechanism construction of the securities market has been accelerating since the beginning of this year. Since June, 8 provisions have been proposed to modify or publish and solicit public opinions, including amendments.

Management measures for major asset reorganization, amend the guiding opinions on the capital preservation fund, and issue a series of management measures or guiding opinions such as "measures for the appropriateness management of securities and futures investors".

In accordance with the formulation of the appropriate measures for the management of securities and futures investors, Liu Junhai, a professor at the Law School of Renmin University of China, said that the law was a public instrument, which forced the operating agencies to conscientiously carry out the obligations of appropriate duties, and unified the scale of administrative supervision penalties and self-discipline sanctions. "Regulations on the appropriateness management of securities futures investors" respectively stipulated the supervision and self-discipline duties of the SFC and its dispatched agencies and self-discipline organizations in formulating appropriate laws and regulations, ensuring the implementation of the appropriate system, and focusing on the appropriate arrangements for high-risk products.

In accordance with the specific circumstances of violation of investor classification, grading of products or services, appropriate matching requirements and other obligations, the measures shall be stipulated one by one.

And the supervision measures of the responsible personnel, the handling measures and administrative penalties under serious circumstances.

The market prohibition measures stipulated in the measures will also urge employees to see the good and the wise.

The maintenance of the market cornerstone is not entirely in the regulatory body, and the participants in every market share corresponding responsibilities.

We will carry out various businesses strictly under the framework of laws, regulations and regulatory policies, and implement the protection of investors' legitimate rights and interests from the front line of business, and maintain the cornerstone of the market with practical actions.

At the same time, brokers accelerate the improvement of business lines and enhance awareness of risk prevention and control.

CITIC Securities said that in the second half of 2016, the company will continue to increase its investment in direct debt financing business, consolidate and improve its competitive advantages in the direct debt financing business, actively promote the pformation of asset securitization and structural financial business, explore new business models and profit models, strengthen project risk management, and effectively control operational risks, credit risks and issuing risks.

The bond business will make full use of the company's comprehensive resources, understand the diverse needs of customers, become the provider and resource integrator of customer demand solution, and achieve business upgrading and pformation breakthrough.

In addition, supervision

The promotion of level is also conducive to the healthy development of securities business.

Southwest Securities, since 2016, under the policy environment of "supervision by law", "strict supervision" and "comprehensive supervision", the securities asset management industry has entered the stage of standardization and adjustment in the market baptism and regulatory constraints.

By the end of 6, the total amount of funds entrusted by the domestic securities industry was 14 trillion and 780 billion yuan, an increase of 2 trillion and 900 billion yuan from the end of 2015, an increase of 24.41%.

In the 1-5 month of this year, the net income of securities asset management business was 10 billion 444 million yuan, an increase of 24.8% over the same period last year.