Yi Huiman: Promote the legal inclusion of all types of securities and futures activities in supervision. Yi Huiman | Supervision | Activities
At the 14th Lujiazui Forum held today, Yi Huiman, Chairman of the China Securities Regulatory Commission, stated that it is necessary to highlight the full coverage of regulation.
He said, "This is the reform of the Party and state institutions to further streamline the financial regulatory system and functional division of labor, highlighting the legal inclusion of all financial activities in regulation. We will take the implementation of institutional reform as an opportunity to timely address the shortcomings and loopholes of inadequate and untimely regulation. Based on the principle of substance over form, we will promote the legal inclusion of all types of securities and futures activities in regulation, and continue to improve the regulatory system of various lines and links."
Simultaneously, continue to coordinate openness and security. We will adhere to the basic policy of opening up to the outside world without wavering, firmly promote the all-round opening up of markets, institutions, and products, solidly promote the filing work for overseas listings, strengthen practical cooperation with the Hong Kong market, expand and optimize the interconnection mechanism with overseas markets, accelerate the construction of a high-level institutional two-way opening pattern, and at the same time, adhere to the compatibility between risk prevention and control capabilities and the level of openness, continuously improve the mechanism arrangement that can be seen clearly and managed, and solidly promote a normalized and sustainable cross-border regulatory cooperation mechanism.
In addition, efforts will be made to improve regulatory efficiency. Give full play to the advantages of high transparency and strong standardization in the capital market, adhere to and strengthen penetrating supervision, guide the healthy development of capital in accordance with laws and regulations, strengthen the coordinated supervision of stocks, bonds, funds, and futures, and promote the formation of regulatory synergy. Accelerate the regulatory transformation of various business lines such as issuance, listing, institutions, and bonds, strengthen the construction of regulatory transparency, focus on improving the level of regulatory technology and intelligence, continue to crack down on various illegal and irregular behaviors and market chaos with a zero tolerance attitude, and focus on strengthening the maintenance of market order and ecological shaping after the comprehensive implementation of the registration system.
