Saturday, January 1, 2011

Three new initiatives the Commission should share reform conflict.

<P> China Securities Regulatory Commission Chairman Shang Fulin said recently, with the share reform to push some new contradictions and problems have gradually emerged, regulators will maintain a clear understanding and focus on three aspects prudent to take effective measures to .response. .</ P> <P> is necessary to reasonably determine the objectives of the reform. .During the year, "basically completed the split share structure reform of listed companies" have been incorporated into the main points of the State Council in 2006. ."Basically completed" Although no quantitative targets, but we must strive for as much as possible the company completed during the year of reform. .Correction of the current stock situation facing the good and rare opportunity to cherish and firmly grasp the opportunity of reform and make the greatest efforts to promote the shares of listed companies during the year changed. .</ P> <P> The second is to fully understand the enormity of the follow-up reform. .Reform of the company is not complicated, take the right medicine and combination operations in innovative ways to solve the problem; the same time, reform progress has been uneven, you need to effectively analyze problems, find out the reasons and seek solutions. .</ P> <P> Third, properly handle the relationship between reform and development. .Split share structure reform, including a range of markets, including basic construction, with the ultimate aim is to improve the function of promoting the market, under the new mechanism to promote market innovation and development. .Start the "new old" does not mean that the task of split share structure reform has been done. .In the future, still further promote the split share structure reform, the appropriate speed up the reform process and to share reform as an opportunity to coordinate and promote comprehensive management of securities companies and improve the quality of listed companies and a series of market-based nature of construction. .To make good use of the "new old" approach embodied in the early implementation of the early benefit of the policy-oriented reform, and further create a favorable market-based mechanisms to promote reform. .</ P>.

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