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Economy

China Securities Regulatory Commission: Strictly regulate the market in accordance with the law and make every effort to maintain the stable operation of the market

2024-03-14   

The meeting pointed out that 2024 marks the 75th anniversary of the founding of the People's Republic of China and is a crucial year for achieving the goals and tasks of the 14th Five Year Plan. The China Securities Regulatory Commission system should integrate the implementation of the spirit of the National People's Congress and the decisions and deployments of the Central Economic Work Conference and the Central Financial Work Conference, conscientiously implement the deployment of the State Council Executive Meeting and the requirements of the Central Financial Office and the Central Financial Working Committee to learn and implement the spirit of the National People's Congress and the Two Sessions, firmly grasp the main line of risk prevention, strong supervision and promoting high-quality development, and coordinate the promotion of various work this year. We must prioritize risk prevention, prioritize stability, strengthen bottom line and extreme thinking, implement comprehensive policies, enhance the inherent stability of the capital market, and make every effort to maintain the smooth operation of the market. We will continue to focus on risk prevention and resolution in key areas, properly manage existing resources, and strictly prevent incremental growth. Secondly, we must strictly regulate the market in accordance with the law, seize the planning and implementation of policies and measures to strictly control the entry of IPOs, strengthen the supervision of listed companies and securities, funds, and futures institutions, improve regulatory and law enforcement mechanisms, strengthen regulatory accountability, resolutely crack down on illegal and irregular activities such as financial fraud, fraudulent issuance, market manipulation, and insider trading, and effectively protect the legitimate rights and interests of investors, especially small and medium-sized investors. We must adhere to deepening reforms to strengthen the foundation, respect laws and regulations, better leverage the functions of the capital market, and effectively serve the economic recovery and high-quality development. We must strictly manage the team in accordance with discipline, adhere to the principle of internal and self revolution, strengthen the implementation of main responsibilities, continuously and deeply promote the construction of party conduct and clean governance and the fight against corruption in the China Securities Regulatory Commission system, and make every effort to build a strong regulatory army with strong political, ability, and work style. The meeting pointed out that the proposals of National People's Congress deputies and CPPCC members reflect the insightful insights of the representatives and reflect the concerns and expectations of all sectors. We must effectively improve our position, consciously accept supervision, actively strengthen communication with representative members, further improve the quality of handling, and promote regulatory work to a new level. (Lai Xin She)

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