SSE membership classification regulation will stop resumption of adjustment.

<P>: Http:// hearing, members of the Department of the Shanghai Stock Exchange before the person in charge told reporters, "Member Management Rules" after the introduction of the SSE will strengthen the management of membership, the implementation of special supervision of the classification of members .is the trading rights on the regulatory classification. .Membership privileges will be mainly in the exchange of classified management products and new mechanisms to implement and gradually improved. .</ P> <P> Shanghai Stock Exchange is currently a total of 151 members, divided into three categories. .The first is the normal operation of the members, a total of 105; second is the implementation of risk has been disposed of, managed by other securities companies, a total of 33, still has a membership; third category is the class of 13 trust companies, .This is a historical problem. .The membership of these three companies, the SSE will be the year for regulation and management. .</ P> <P> Shanghai Stock Exchange this year, another member of the Department work with the Commission is about to start a new business license re-issuance, the implementation of the classification of members of supervisory authority in particular on the classification of trade regulation, the future will not be .then all members can participate in all business transactions introduced. .Last year, the SSE has started a new pledge in the repo, the Shanghai General Fund, warrants and other rights management services on trial basis, and played a good role. .</ P> <P> with "Member Management Rules" of the implementation, the SSE will strengthen the technical supervision of the members. .Hot market in the near future, the case of significant increase in trading volume, a few members of the company's trading system fails, the safety of the market and investor interest. ."Member Management Rules" to define the exchange trading system for members of management responsibilities and related systems, for which the SSE-related technical standards will be developed to require member companies to increase technology investment to ensure the safety of members of the company's technology to ensure that .safe operation of the market. .</ P> <P> SSE will also be on the "Member Management Rules" provision for further refinement, development of operational rules. .For example, the "Rules" section on the disciplinary action mentioned means of punishment of members, including restriction of trading, suspension of trading. .But this will affect the normal trade-related investors, how to implement rules to be refined. .</ P> <P> In addition, the Ministry of SSE listed responsible person said that the Listing Division's focus this year includes two aspects. .The first comprehensive revision of Exchange "Stock Listing Rules." .Since enacted in 1996 so far, "Listing Rules" has been revised six times, especially in higher frequency in recent years, the amendment, mainly because the market is growing rapidly, especially the "two laws" of the amendment and the split share structure reform, so that .securities market has undergone major changes. .SSE this year, "Listing Rules" the key elements is to amend the resumption of the system stop to adjust the overall approach is to minimize the suspension in order to improve market efficiency. .Second, fully implement the Commission recently promulgated the "Measures for the Administration of Corporate Disclosure", to develop appropriate implementation of the rules or guidelines, the management approaches to complement and Deputy General Manager and other senior executives of listed companies to conduct a comprehensive training. .</ P>.