Monday, December 27, 2010

SSE Corporate Governance Index will be introduced.

<P> By the Department of Listed Company Supervision of China Securities Regulatory Commission, Shanghai Stock Exchange, China Securities Investor Protection Fund, a limited liability company, the League of Nations Stabilization Fund on July 14 the company held in Shanghai, "International Symposium on Chinese corporate governance index." .At the outgoing information, the SSE based on circulation environment, the upcoming Chinese index system of corporate governance ratings, and on this basis, the preparation of Corporate Governance Index. .</ P> <P> SSE General Manager to Zhu in his speech that has been basically completed share reform focus on promoting the phase of initial formation of the securities market circulation. .The formation of good corporate governance will become a focus of the capital market. .In our market, because of the state-owned holding company, the dominant company in the market, therefore, state-controlled listed companies to improve corporate governance, to improve China's securities market will become the core of corporate governance. .By optimizing the management of state assets to improve corporate governance in China, will be a highlight of the work. .State-owned assets management from the perspective of their own key to the management of resources in the country to introduce a similar system of management of private enterprises. .Specifically, it is necessary to establish an incentive mechanism, so that the interests of management with the listed companies, combining the interests of investors. .The second is to establish a market-based performance assessment system, with reference to the evaluation of domestic and international standards to address some of the special nature of state-owned assets management problems. .Also, in recent years, the reform of state-owned commercial banks to take the relevant measures for other state-owned enterprises to learn from practice in corporate governance. .</ P> <P> China Securities Investor Protection Fund, a total of limited liability company's chairman, Chen Yan believes that in China, corporate governance, company performance is becoming an important whether the investment value criterion. .Investors need to understand not only the company's operating performance, but also need to understand the company's governance. .Corporate governance practices, capital market development and investor protection are necessary to introduce a corporate governance index, in particular the urgent need to establish a sound corporate governance quantitative indicators to evaluate and judge the situation. .Shanghai Stock Exchange, China is currently being developed evaluation index system of corporate governance, and prepared on the basis of corporate governance index, governance practices of listed companies in China and theoretical study of an innovation. .The introduction of the index, the market will no doubt add a great reference value of the investment benchmark for improving governance of Chinese listed companies and improve investor protection mechanisms are of great importance. .</ P> <P> China Securities Regulatory Commission, deputy director of the Department of Listed Company Supervision Chi Tong Road, proposed share reform to improve corporate governance, had a profound impact. .On the one hand, circulation after the interests of controlling shareholders and institutional investors and small shareholders in line in many ways; the other hand, the interests of executives and shareholders of listed companies and small closely. .In this case, the corporate governance of listed companies and the topic of common concern for investors. .From the current situation in China, corporate governance laws and regulations are further improved. .Corporate governance of Chinese listed companies need to build a set of Chinese corporate governance rating system to promote domestic companies to improve the overall level of governance. .It also requires the preparation of a corresponding index of corporate governance assessment of corporate governance combined with stock index, according to corporate governance rankings to select the constituent stocks, in this based on stock price index, to provide investors with reference to standards and guidelines. .According to international experience, corporate governance index will add one more reference to the market value of the quantitative indicators, and also help supervise the gradual improvement of corporate governance of listed companies. .China Securities Regulatory Commission and Shanghai Stock Exchange has always attached great importance to corporate governance, the Commission issued in 2002, "Corporate Governance Guidelines" on the basis, but also to actively explore the domestic market to promote corporate governance in the evaluation of business conduct and related products .innovation. .</ P> <P> experts and representatives of the SSE Corporate Governance Index upcoming gave a high evaluation. .According to conference organizers of the League of Nations Stabilization Fund, Chairman Fu Xue-Dong said, the League of security in the market when the time comes, will be designed to launch a national fund product innovation and variety of corporate governance fund to play the fund industry in improving the corporate governance structure .on the role, and ultimately improve revenue fund holders. .</ P> <P> from domestic listed companies, securities companies, fund management companies and QFII more than 150 industry experts attended the seminar. .</ P> <P> related reports see A11 </ P> <P> International Symposium on Chinese corporate governance index held, officials called for building a corporate governance expert evaluation system </ P>.

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