Shang Fulin securities supervision work Conference speech: for the first half of the launch of gem

National Securities Futures supervision meetings recently held in Beijing, the Conference on the 2007 capital market reform, development and supervision of Securities Futures summarizes, analyzed the current capital market situation, the implementation of the 17th CPC National Congress and the central economic work Conference, continue to make future capital market reform development work for the full deployment. Secretary of the Communist Party of China Securities Regulatory Commission, Chairman Shang Fulin pointed out that the current capital market are at a new starting point, to the scientific concept of development the development of the global capital market reform, fully implementing the spirit of the 17th CPC National Congress and the central economic work Conference of strategic deployment, continue to intensify the reform innovation, focus on strengthening the market regulation and risk prevention for the next five years capital markets health development off to a good start, promote capital markets to better serve our global economic and social development.

: Http://Shang Fulin said the correct leadership of the CPC Central Committee and State Council, the 2007 securities supervision system to continue the futures do share-trading reform, basic system construction, comprehensive taking measures to promote capital markets accelerate development, and maintenance of good order in the market, and capital markets, construction has scaled new heights. One is the strong support of large high-quality enterprise IPO, actively promoting multi-level marketing system. The second is phenomenal, and promote the steady improvement of quality of listed companies. Three is to strengthen the General Regulation, promotion of securities and fund industry to develop and grow. Fourth is the optimization of the futures market structure, strengthen the basis for the further development of the market. Fifth, the strengthening of the market and the legal system to crack down on illegal activities. Six is strengthening risk revealed that promote investor education. Seventh, in order to promote domestic securities futures business sector opening up overseas markets, promoting capital market opening to the outside world. Eight is the strengthening of party and cadres, monitoring service quality has improved significantly.

Shang Fulin pointed out that, after more than ten years and in particular the construction of the past five years, China's capital market achieved a significant breakthrough in the development of the economic and social development plays an increasingly prominent role: market size significantly expanded, capital market and the National Association of continuously increasing; significant improvements in the structure of listed companies, further consolidating the market run Foundation; Securities Futures business sector strength markedly improved, sustainable capacity development; rapid increase in the number of investors, capital market gradually becoming socially important wealth management platform; market functions effectively, markedly enhanced market efficiency; futures market steady development, the economic function of steady escalation; supervision and further strengthen the market run normative and quality significantly improved. As of the end of 2007, the total number of listed companies in China, 1550 family in Shanghai and Shenzhen stock market market capitalisation reached 32.71 billion yuan, has entered the secondary market circulation market value 9.31 trillion yuan, investors effective securities accounts opened a total of 920 million. In 2007, in the stock market financing up to $ 7728. Annual turnover in futures markets, 7.28 billion turnover 41 billion, an all-time high.

Shang Fulin stressed that in the next five years is a well-off society in a crucial period, capital market in the economic and social development of the strategic position of importance and have become more prominent. China's capital market reform is faced with good opportunities and further challenges. It must be noted that the construction of China's capital market and national economic development of the real need is still not a small gap, market development also face many difficulties and problems. To follow the 17th CPC National Congress on capital market development in the new strategic requirements and the central economic work Conference work arrangements, and accurate grasp of the Chinese capital market facing internal and external environmental change, always keep a clear mind, attaches great importance to risk prevention, insist on a solid foundation, deepen the reform and promote open, expand functions, strengthen the monitoring, the work policy for development, based on China's capital market development phase characteristics, adhere to the basic system of strengthening markets; based on the improvement of the Socialist market economy structure and mechanism to make unremitting efforts to promote market-oriented reform; based on the economic and social development of a global service, adhere to continuously expand capital market breadth and depth; based on the market and rapid development of the new situation, insisting innovative regulatory philosophy, enhance regulatory standards, promote the healthy development of capital markets.