Wednesday, December 15, 2010

Stock reform is no longer open pilot short comprehensive

The Commission Chairman Shang Fulin said yesterday, China will strive to be concentrated in a relatively short period of time, basically completed the share-trading reform.

At yesterday's press briefing, Shang Fulin said that integrated all aspects of the situation, the pilot would not be delayed for too long, the pilot carried out during and after the end, the Commission will sum up the experience in a timely manner, complete rules, step up efforts to get fully pushed open.

"That is, not prepared for the third batch of pilot. "Shang Fulin said.

He said that from the first batch of pilot, the overall effect is good. The second batch of pilot in the company's reach and diversity have been expanded, this batch of pilot among the complex situation, the Commission also needs to be prepared.

Shang Fulin said, in promoting the quality of corporate promotion, the next step the Commission will be to strengthen corporate governance and enhance operational transparency, strengthen public companies controlling shareholder, the actual control and supervision of senior executives, as well as information disclosure, by building a multi-sectoral and local government joint participation of the company's consolidated supervision system, timely credit and risk of listed companies and senior managers to monitor, plug the regulatory loopholes.

China Securities Regulatory Commission Chairman Shang Fulin 27 first coming out of the State Council information Office concert news conference news, the formation of the Shanghai and Shenzhen stock market. Day two on the attack in the city of quantity, both stock index rose more than 2 per cent.

From Shanghai and Shenzhen stock exchanges of the latest statistics show that 27 high opens the connection to 1108.46 point, close, La 1124.64 points over the previous trading day up 2.07%; szse% means closing the 2914.97 point, rose 2.34 percent. Closing date of the CSI 300 index, rising to 916.04 1.98 per cent.

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