Core Viewpoint - The Shanghai Stock Exchange (SSE) is committed to maintaining market stability and promoting high-quality development in line with the directives from the China Securities Regulatory Commission (CSRC) and the upcoming 20th National Congress of the Communist Party of China [1] Group 1: Market Stability - The SSE emphasizes the importance of maintaining a stable market environment by enhancing proactive measures and risk monitoring systems to prevent significant market fluctuations [1] - There is a focus on strengthening safety protocols across various operational aspects, including equipment, systems, and supply chains, to ensure the secure operation of core trading systems [1] Group 2: Innovation and Reform - The SSE aims to leverage the Sci-Tech Innovation Board as a testing ground for reforms, particularly in advancing the registration system and improving the efficiency of the listing review process [2] - The implementation of a market maker mechanism is intended to enhance pricing efficiency and liquidity on the Sci-Tech Innovation Board [2] Group 3: Economic Support - The SSE is dedicated to supporting high-quality economic development by focusing on key sectors such as technology innovation, manufacturing, and small and medium-sized enterprises [2] - Efforts will be made to improve the interconnectivity between the exchange and the interbank bond market, as well as to expand the scale of public REITs [2] Group 4: Risk Management - The SSE will enhance frontline supervision and risk prevention measures, particularly in sensitive financing and merger activities, to ensure market health [3] - There will be a focus on monitoring and managing risks associated with specific sectors and regions, including bond risk monitoring and default handling [3] Group 5: Digital Transformation - The SSE is advancing its digital transformation by developing a fourth-generation core trading system and enhancing operational management systems [4] - The exchange aims to improve regulatory capabilities through data analysis and the establishment of a comprehensive online service platform for market participants [4] Group 6: Internal Control and Compliance - The SSE is committed to strengthening internal controls and compliance through improved management practices and regular audits of significant projects and financial matters [4] - There will be a focus on enhancing the effectiveness of oversight mechanisms to ensure compliance with new procurement processes and operational standards [4]
上交所：全力维护市场平稳运行 进一步发挥科创板改革试验田作用
Xin Hua Wang·2025-08-12 06:20