Practice Self Management &Nbsp; Net Capital Of Securities Companies Increased Four Times In Four Years.

Since the fourth general meeting of China Securities Association held in January 2007, under the leadership of the China Securities Regulatory Commission, the association has carried out the concept of self-discipline with "self-discipline as the leader, service pmission as a link and innovation as the driving force", and has taken a new step in the management and service of securities companies.

In the past four years, securities companies have been following the Chinese economy and

Consolidate the foundation of self-discipline management system

The association closely surrounds the capital market and

At the same time, the association has strengthened the implementation of self-regulation rules of securities companies in the light of inadequate tracking of self-discipline rules and weak inspection work, and focused on the examination of new stock inquiries and the disclosure of financial reports by securities companies.

According to the regulations of the China Securities Association, the regulations of the China Securities Association and the relevant self-discipline rules, 62 self-management measures or disciplinary actions such as reminders and written reminders were adopted.

As a result, the initiative and enthusiasm of securities companies in implementing self-discipline rules have been enhanced, and the authority and effectiveness of self-regulation of associations have been enhanced.

Carry out two types of company reviews and

During the comprehensive management of securities companies, in order to encourage securities companies with a certain capital scale, better management and innovation capability to carry out business innovation and organizational innovation on the premise of measurable, controllable and sustainable risk, the association carried out two types of appraisal work, namely, innovation and standardization of securities companies.

By the end of August 2007, at the end of the two types of assessment, the association accepted 38 companies' innovative pilot applications and 51 companies' normative applications, and 29 innovative pilot securities companies and 31 standardized securities companies were evaluated.

The two types of appraisal work of securities companies have played an active role in promoting the standardized development of securities companies, promoting the innovation of securities companies, establishing the reputation of the securities industry, and accumulating experience for the regular supervision and classified supervision of securities companies, and have been recognized by the industry.

After the end of the comprehensive management of securities companies, in order to promote the innovation and development of securities companies, the association and relevant departments have studied and established a professional evaluation mechanism for securities companies.

Since 2008, the association has been commissioned by the China Securities Regulatory Commission to organize experts in the industry to conduct professional evaluation of customer pactions margin third party depository single customer multi banking service mode, securities company online paction double factor authentication system, securities company trading system interruption accident and 26 securities companies' financing and margin business implementation programs, etc., and evaluated 72 matters independently submitted by securities companies, and conducted a trial evaluation on investor education, electronic management mode of account management and so on.

Some of them are innovative and have the industry wide value of risk and operation management system or business mode. In the suggestion that regulators should give extra points in the classified supervision, some issues, such as "investor education", "information barrier" and "stress test", have been upgraded to become self-discipline rules in the whole industry. Some items have been promoted in the whole industry, such as "single client and multi bank service mode", and some have been introduced through the open media and internal publications for the industry to learn from.

Professional evaluation has enhanced the discussion and exchange of common problems in the industry, promoted the introduction and application of new concepts, new methods and new technologies in the operation and management of securities companies, and promoted the improvement of the operation and management level of securities companies.

Strengthening the self-discipline management of inquiry

In order to cooperate with the CSRC's major initiatives in the reform of the IPO system, the association has strengthened the self-regulation management of the new stock inquiry objects and the stock placing objects managed by the CSRC.

One is to draft relevant supporting documents, and to put forward specific requirements for the inquiry objects to participate in the inquiry and purchase work of new stocks, and to make recommendations for the recommendation agencies to do well in the work of the inquiry objects. The system of the inquiry object conversation is established, and the responsibilities of the inquiry objects and the sponsor institutions are clarified.

At the same time, it also organized a business training course for the IPO system reform, and explained the relevant provisions to the sponsor institutions.

The two is to upgrade the information management system of the inquiry objects, to achieve the docking of the relevant information of the inquiry objects and the exchange system, and to provide technical system guarantee for the issue of new shares.

As of March 2011, a total of 275 regular class enquiries were registered in the association, with a total of 1453 sales of conventional stocks, and 137 respondents were recommended by 15 sponsors for the first time.

Perfecting the information disclosure mechanism of securities companies

In the past four years, in order to enhance the pparency and credibility of securities companies, the association has established a multi-dimensional information management and disclosure platform for securities companies.

The first is to release the data on the overall operation of the securities companies at the beginning of the year and the middle of the year. Two, since 2006, it has set up a column for information disclosure of the securities companies on the Association website to publicize the basic information of the securities companies, so as to facilitate the public to query the qualification of the securities companies. Three, since 2007, it has organized the securities companies to disclose the audited financial reports on the Association website. Four, it has continuously improved the ranking of the securities companies' performance and provided the reference frame for the members to make decisions on their business development, so as to provide a basis for the classification and supervision of the securities companies.

After several years' efforts, the social concern of the securities company's information disclosure has been significantly improved. It has become a stable channel for the media, investors, securities companies and other sectors to obtain information on the operation of securities companies.

Promotion of industry information system

Safe and efficient operation

In order to protect the security of information system of securities companies, the Ministry of information technology was set up at the beginning of the fourth session of the association to carry out information technology self-regulation and service work.

First, the establishment of a security company network and information security emergencies notification and processing mechanism to protect the Olympic Games, 60 years of Daqing, the Seventeenth National Congress, the annual "two sessions" and other important sensitive periods, as well as the southern ice and snow disaster, Wenchuan earthquake and other major disasters during the period of major information system safety report channel unimpeded.

The two is the establishment of the China Securities Industry Association's securities and futures industry science and technology award. In 2007 and 2009, it has organized the selection of industry science and technology awards, effectively promoting the innovation of information technology in the industry.

The three is to continuously improve the service mode of technical services and technology exchange in the industry, organize new discussions on mobile Internet and other new technologies, carry out special research on restructuring the core information system structure of securities companies, solve the plight of centralized trading system, clarify the technical difficulties and hot issues of IT input statistics category, and explore countermeasures and solutions to promote developers to improve the quality of software products and the authenticity of basic software.

Active play and regulatory agencies

Communication pduction

Aiming at the test of the pformation of business mode, business innovation, risk control and compliance management in the development of the securities industry after the comprehensive management, the association started a series of research work from the maintenance of the interests of the industry and the creation of the sustainable development environment of the industry, organizing the industry to study and demonstrate the main problems and solutions that affect the development of the industry, and actively reflect the voice of the industry to the regulatory authorities.

First, relying on Specialized Committee, such as securities brokerage, investment banking, financial accounting, securities company compliance, etc., we should take advantage of its close proximity to the industry and conduct a thematic study on major issues.

In the past four years, the contents of Specialized Committee thematic research covered the following aspects: brokerage business pformation, Trade Commission war, customer appropriateness management, pricing of new shares, quality control of distribution, broker's tax revenue, information barrier, etc. the research results were communicated with and reflected by the regulatory authorities in a timely manner, providing a basis for the formulation of relevant regulatory policies.

Two, the leaders of the association take the lead to understand the operation and the problems faced by the members of the securities companies through visits and seminars.

The three is to conduct a special questionnaire survey. In recent years, a questionnaire survey has been conducted on brokerage business, compliance management, asset management business and securities company charges.

Over the past four years, more than 10 reports on the situation of securities companies have been submitted to the regulatory authorities.

Promoting orderly competition in the industry

In order to strengthen the contact with the local securities association and to guide the work of the local securities association, the association has set up a working group of the local securities association to improve the linkage mechanism with the self-discipline management of the local securities association.

First, the Commission self-regulation system, which is led by the China Securities Association and the district Securities Association, is established.

Together, efforts have been made to guide securities companies to comprehensively improve customer service levels, to a certain extent, inhibit the vicious Commission war momentum, and promote the healthy competition of securities brokerage business.

The two is to encourage securities companies to set up new business offices in vacant or insufficient outlets and provide better services to investors. Since 2009, the association and local associations have been working together to publish a relatively saturated list of securities business departments on the Association website.

In the four years, securities companies grew with the development of China's economy and capital market.

By the end of 2010, the total assets of 106 securities companies were 1 trillion and 970 billion yuan, and the net capital was 432 billion yuan, which was 3.36 times and 5.42 times that of 2006.

Under the supervision and leadership of the China Securities Regulatory Commission, the China Securities Association will further practice self-management with the support and participation of the majority of members, and promote the standardized operation and innovation development of the securities industry.