Securities Times reporter Zhu Kai
In order to thoroughly implement the decisions and arrangements of the CPC Central Committee, effectively connect with the main objectives and key tasks of the national "14th Five-Year Plan", and better implement the requirements of the central inspection and rectification work, the Shanghai Stock Exchange recently compiled and completed the "14th Five-Year Plan" for the Shanghai Stock Exchange. ” and was officially released yesterday.
The "Plan" proposes that by 2025, the Shanghai Stock Exchange will implement the reform of the securities issuance registration system with information disclosure as the core, promote key institutional innovation, strive to create a standardized, transparent, open, dynamic and resilient capital market, and help Shanghai International Construction of financial center and technology innovation center.By 2035, strive to build a scientific and technological innovation capital center and a world-class exchange with complete functions, efficient operation, leading technology, and international influence that match China's socialist modernization power.
In terms of planning initiatives, the "Plan" proposes 11 key tasks.The first is to steadily advance the reform of the registration system for stock issuance.Adhere to the "three principles" of the registration system reform, and steadily promote the market-wide registration system reform; optimize the stock issuance review mechanism, clarify the position of the exchange's review function, and perform the review and gatekeeping duties well; improve the IPO underwriting mechanism.
The second is to promote the high-quality development of the stock market.In-depth implementation of the two-wheel drive strategy of the main board and the Science and Technology Innovation Board to enhance the self-reliance and self-reliance level of service technology; promote the improvement of the quality of listed companies; promote more medium and long-term funds to enter the market, and actively advocate long-term investment, value investment and rational investment culture.
The third is to promote the healthy development of the bond market.Improve the corporate bond issuance review mechanism, and orderly play the financing function; continue to strengthen the construction of the investment side of the exchange bond market, improve bond market products and risk management tools; optimize the exchange bond market default risk prevention and resolution mechanism.
Fourth, promote product and transaction mechanism innovation.Vigorously develop the fund market; enrich the types of derivative products; actively develop the REITs market, and support the implementation of mature projects in important areas such as innovation-driven, green development, and people's livelihood protection as soon as possible; continue to optimize the trading mechanism and improve the core index compilation.
The fifth is to serve the national "double carbon" goal.Vigorously support green enterprises and project financing, strengthen environmental information disclosure of listed companies, enrich green financial products, deepen international cooperation in green finance, and promote the green and low-carbon development of the exchange itself.
The sixth is to promote high-level two-way opening up.Deepen the market interconnection mechanism and enrich cross-border products; improve the level of opening up of the bond market; strengthen the construction of stock exchanges and deepen international exchanges and cooperation in multiple directions; vigorously support Shanghai in building an international financial asset trading platform and a global asset management center.
Seventh, accelerate digital development.Steadily promote the construction of new bond, new bidding, new options and other trading systems, and build a new generation of core trading systems; coordinate and promote the integration of technology supervision and services; improve the data governance system; enhance information technology governance capabilities; A horizontally open and win-win industry digital ecosystem.
Eighth, improve the quality of market services.Build a comprehensive service model with "cultivation services and comprehensive services" as the core; improve the three-level investor education protection mechanism of "Exchange-Member-Investor", strengthen investor education and protection; further build the China Securities Museum , and cultivate the capital market culture.
The ninth is to enhance the effectiveness of self-discipline supervision.Effectively implement the requirements of "delegating power, delegating power and improving services", promoting the establishment of a concise and friendly rules system, and improving the self-discipline supervision system; strengthening the supervision of listed companies, and continuously promoting the transformation of supervision; continuously improving transaction supervision, and severely cracking down on illegal securities transactions; strengthening member supervision, further Consolidate the responsibilities of intermediaries.
Tenth, improve the market risk prevention and control system.Strengthen risk prevention and control in key areas such as stock pledges and bond defaults; strengthen pre-research and prediction of market risks, and firmly hold the bottom line of no systemic financial risks.
Eleventh, strengthen the security and controllability of information technology.Improve the level of safe operation, enhance the ability of technical infrastructure operation and maintenance and security assurance; strengthen the construction of network security infrastructure, and improve the ability to deal with extreme network security risks; strengthen the independent control of key core technologies, and increase investment in information technology application innovation.
In order to ensure the smooth implementation of the plan, the "Plan" strengthens guarantees from five aspects: strengthening the party's overall leadership, strengthening the party's work style and clean government, improving the internal governance system, building a first-class talent team, and improving the plan implementation mechanism to ensure the implementation of the "Plan". implement.
【Editor: Shao Wanyun】
