The CSRC said last week that up to now, the rectification work of 29 provinces (autonomous regions and municipalities) and five cities under separate state planning has passed the joint meeting.In the remaining two provinces and cities, the rectification of trading places in Yunnan Province has also been basically completed, and the relevant acceptance procedures are being carried out.In the process of clean-up and rectification, a number of illegal activities were investigated and dealt with, a number of irregular practices were corrected, and a number of trading places with serious problems were closed.
The current round of clearing up and rectification of trading venues is expected to add weight again.The CSRC also disclosed last week that in order to consolidate the results of the rectification work, promote the establishment of a long-term mechanism for the supervision of all kinds of trading places, and promote the sustained and healthy development of all kinds of trading places, under the unified organization of the inter ministerial liaison meeting, all securities regulatory bureaus, together with the relevant departments of local governments, are conducting on-site inspections on all kinds of trading places.The local governments concerned will deal with the problems found in the inspection in accordance with the law and regulations.
The CSRC also pointed out that the current rectification work is still in progress, the operation and management of some trading venues are not standardized, and the risk of organized trading activities is very high.From the perspective of protecting investors’ own interests, we must be cautious to participate in the transactions in these trading places.
Strictly prevent the “resurgence”
In fact, the phenomenon of “resurgence” of some exchanges that have passed the acceptance still exists.Zhang Xiaojun, a spokesman for the CSRC, said in August that due to various reasons, there are still some problems that can not be ignored in the continuous promotion of the clean-up and rectification work and the standardized management of trading venues, such as the “resurgence” of violations in areas that have passed the acceptance.
It is worth noting that the rectification work of Tianjin stock exchange has not yet passed the acceptance.The CSRC said that it will work with other members of the inter ministerial joint meeting to further strengthen overall coordination and policy guidance, and support the Tianjin municipal government to complete the clean-up and rectification of various trading venues as soon as possible.
In order to strengthen the supervision of illegal transactions in various exchanges, as early as April this year, the CSRC announced the establishment of the Bureau of cracking down on illegal securities and futures activities.具体职责是：制定区域性股权转让市场的监管规则和实施细则；承担打击非法证券、期货活动的有关工作，负责识别，查处非法证券发行和非法证券期货业务咨询活动；承担清理整顿各类交易场所的有关工作。