The China Securities Regulatory Commission held the "5·15 National Investor Protection Publicity Day" event to "escort" investors
classification： Industry news
Beijing, May 15 (Reporter Tang Jing) At the 2021 "5·15 National Investor Protection Publicity Day" held by the China Securities Regulatory Commission on the morning of the 15th, Yan Qingmin, Vice Chairman of the China Securities Regulatory Commission, pointed out in a speech that the China Securities Regulatory Commission Research and start the formulation of investor rights protection regulations, and study the establishment of a special compensation fund for investor protection.
At this year's "5·15 National Investor Protection Publicity Day" event, Yan Qingmin elaborated on the latest regulatory developments focusing on hot insurance issues that investors care about. He pointed out that my country’s capital market has the world’s largest and most actively traded investor group. Up to now, the number of A-share investors has exceeded 180 million. Standing on the people's position of capital market supervision and protecting the legitimate rights and interests of investors are the inherent requirements for the capital market to fulfill its original mission. "Currently, focusing on creating a standardized, transparent, open, dynamic, and resilient capital market, the China Securities Regulatory Commission earnestly implements the policy of'building a system, non-intervention, and zero tolerance', and deeply promotes a new round of registration reform at the core. Deepening the reform of the capital market in an all-round way, the institutional system, operating mechanism, and cultural concepts of the capital market are undergoing increasingly profound structural changes, and a market ecology that is conducive to comprehensively strengthening investor protection is gradually taking shape."
According to Yan Qingmin, the China Securities Regulatory Commission, in conjunction with legislative and judicial organs, is accelerating the promotion of a sound Chinese-style securities law enforcement judicial system and mechanism, which is conducive to further improving the efficiency of capital market governance and consolidating a legal basis for better protection of the legitimate rights and interests of investors. In addition, he also introduced that the protection of investor rights and the construction of return mechanisms are making new improvements. “The toolbox for investor protection continues to be enriched. In 2020, various mediation organizations have accepted more than 6,100 mediation cases, with more than 4,900 successful mediations, involving more than 800 million yuan. At present, more than 50,000 investors have diversified dispute resolutions. , Support for litigation, advance compensation, model judgments and other rights protection mechanisms to recover losses. The 12386 service hotline has handled more than 600,000 investor appeals. The "Blue Book of Investor Protection in China’s Capital Market" has been released for six consecutive years. Widely acclaimed."
Yan Qingmin emphasized that in the next step, the China Securities Regulatory Commission will further improve the package of supporting systems and study the establishment of investor rights protection regulations and special compensation funds. At the same time, Yan Qingmin also emphasized the need to further advance a series of capital market reform measures, vigorously promote the improvement of the quality of listed companies, and continue to guide listed companies to effectively return investors through cash dividends and share repurchases. "Adhere to zero tolerance to crack down on all types of securities violations and chaos, continue to optimize the market ecology, enhance investor trust and confidence, consolidate the responsibilities of intermediary agencies, and promote various asset management institutions to strive to improve their professional capabilities and compliance management levels to better perform Wealth management functions of the capital market, accelerate the construction of the capital market basic system, improve the multi-level market system, and provide a more solid guarantee for improving the governance efficiency of the capital market and maintaining the long-term healthy development of the market."
In addition, at this year’s "5·15 National Investor Protection Publicity Day", under the guidance of the Investor Protection Bureau of the China Securities Regulatory Commission, the Securities Association of China, the China Futures Association, and the China Securities Investment Fund Association jointly announced "Guidelines for the Handling of Investor Complaints by Securities and Funds and Futures Business Institutions (for Trial Implementation)." The Investor Service and Protection Committee of the Securities Industry Association of China took the lead in formulating the "Regulations for the Protection of Investors' Rights and Interests in Securities Companies." This measure has further improved the institutional construction of the capital market, promoted the implementation of the protection of investors' legal rights and interests, and provided an important guarantee for the establishment of a standardized, transparent and dynamic capital market.
Editor: Chen Mengnan