SFC 38 legislative program or to be introduced this year.

<P>: Http:// News, China Securities Regulatory Commission news, 38 rules have been incorporated into the 2007 class project annual legislative work plan. .Priorities in accordance with the arrangements this year, the SFC will be one of the 26 rules listed as "strive to put the focus of the project during the year", the other 12 regulations as a "need to step up research, timing the introduction of the project." .</ P> <P> legislative priorities this year include: actively cooperate with the Securities regulatory review and other administrative regulations, improve the legal system of multi-level market system, the main constraints and improve the market mechanism, develop financing, protection of financial innovation, .comprehensive clean-up, scientific planning and futures market regulatory system and so on. .</ P> <P> fact, in the "two-Law" is nearing completion, the Chinese Securities Regulatory Commission on the timely start of the comprehensive system of supporting legislation. .In the following "two-Law" has been a year and a half years, after another legal system of the stock market made a comprehensive analysis and improvement, successively adopted 87 regulations and regulatory documents. .As of the end of June 2007, the securities and futures laws in force a total of 379 files. .</ P> <P> It is reported that the Commission's legislative work this year, specifically including the following six aspects: </ P> <P> First, continue to reinforce the basic securities and futures markets the legal system to actively support the "Supervision and Regulation of Securities Companies ."" Securities Risk Disposal Ordinance, "" Supervision and Regulation of Listed Companies "and the" Independent Directors Ordinance "and the formulation of administrative regulations, revision, and strive as soon as possible. .At present, the four administrative regulations have been submitted to the State Department review of the manuscript. .</ P> <P> In addition, the China Securities Regulatory Commission is actively do a good job with the NPC Financial and Economic Committee, "Futures Act," the drafting of the draft. .</ P> <P> second is to actively explore the regulatory system of non-listed public company, to develop "non-listed public company regulatory approach" and its supporting documents, to establish a unified regulatory system of non-listed public company responsible for the continuous monitoring and classification system .multi-level capital market system legal system. .</ P> <P>.