1On the morning of October 2nd, Liu went to the Inspection Bureau and the Inspection Corps of China Securities Regulatory Commission for work investigation. Since Liu took office, he has led the regulatory authorities to crack down on all kinds of chaos in the capital market and left a deep impression on the market. The person in charge of this company investigates related work on the first day of construction every year, which shows that he attaches great importance to inspection and law enforcement.
So, what signals have been released from this year's research?
Strict supervision has been going on, and it is really difficult to move. In this way, Liu summed up the inspection and law enforcement work in 20 17 years, severely punished a number of "hard stubble" that made waves, endangered the market and infringed on the legitimate rights and interests of investors, and took another tangible step in purifying the market environment, safeguarding legal dignity and protecting the legitimate rights and interests of investors.
A strong country in the capital market cannot do without strong inspection and law enforcement. "An important symbol of a strong capital market is the level of rule of law in the market." Liu pointed out that to realize the transparency, standardization and order of the market through the rule of law, it is necessary to purify the market environment and shape the market ecology through inspection and law enforcement.
"Strong inspection and law enforcement is the fundamental requirement for the high-quality development of the capital market, the basic guarantee for the reform and opening up of the capital market, and the only way to build a strong capital market." He said.
In the future, the ability of inspection and law enforcement will be "upgraded" in four aspects. Liu said: First, strike accurately, focusing on investigating and handling major cases, and strike accurately at individuals and institutions that are reckless, evade supervision and have a bad influence; Second, relying on science and technology, using modern information technology represented by big data, cloud computing and artificial intelligence to improve capabilities and efficiency; Third, standardize law enforcement, strengthen the standardization level of inspection and law enforcement, strengthen the formulation of rules, improve law enforcement procedures, strictly enforce the law, and earnestly enforce the law strictly, civilly and fairly; Fourth, improve the legal system, further promote the construction of the legal system, adhere to the problem orientation, promote the improvement of laws and systems, increase the cost of illegal activities, increase legal responsibilities, and effectively crack down on and punish market violations.
What are Liu's subtle comments on financial chaos?
"Strangers become barbarians, and barbarians become robbers. When you challenge the criminal law, waiting for you is the open prison door. " —— 2065438+200665438+February 3, the second meeting of the first member congress of China Asset Management Association.
"Severely punish the capital predators who challenge the legal bottom line, catch mice and fight wolves, and dare to show their swords." —— 2065438+65438 in 2007+13/0 to conduct investigation, guide and inspect law enforcement.
"There are many gophers, weasels and predators", "No one is allowed to make waves and do whatever he wants in the capital market" and "We must catch a group of capital predators in a planned way" —— February 17 Securities and Futures Regulatory Meeting.
"In the financial market, the temptation of money is huge. Angels and demons are only a moment away, and financiers and financial predators in the capital market are only half a step away. " -2065438+February 26, 2007, State Council Press Conference.
"Severely punish a number of' hard scorpions' who make waves, endanger the market and infringe on the legitimate rights and interests of investors." ——20 18 1.2, investigating and guiding inspection and law enforcement.
What new expectations will the capital market of 20 18 have?
In the past year, the National Financial Work Conference, the 19th National Congress of the Communist Party of China and the Central Economic Work Conference made clear arrangements for the development of the capital market. Whether it is to increase the proportion of direct financing, serve the real economy or guard against financial risks, multi-level capital markets will play an increasingly important role in the financial system.
"The rise of a big country and the prosperity of a big country must gain a competitive advantage in the allocation of resources in the global market through a strong capital market." Liu said in a survey on the 2nd that to realize the Chinese dream of the great rejuvenation of the Chinese nation and to build a prosperous, strong, democratic, civilized, harmonious and beautiful modern country, there must be a strong capital market.
It can be predicted that the development of the capital market will be "higher" in the new year.
The direction of strict supervision will not waver, and regulatory coordination is worth looking forward to. Judging from the signals transmitted by the regulatory authorities, the direction of strict supervision of 20 18 will not waver. With the establishment of the State Council Financial Stability and Development Committee, the coordination of financial supervision in the new year is bound to make great moves, and financial supervision will also develop in a more scientific direction. This year, the ecology of the capital market will also be deeply reshaped.
The role of multi-level capital market is increasingly prominent, and capital market forces are on the road. China's economy has been firmly ranked second in the world, and its economic structure is undergoing tremendous changes, so the way of financial services to the real economy must be changed simultaneously. Under the background of emphasizing the return of finance to the origin and serving the real economy, the role of multi-level capital market has become increasingly prominent, which will provide a powerful boost for China's high-quality development.
The process of two-way opening will never stop, which will teach China's capital market to grow better. 20 18 is the 40th anniversary of China's reform and opening up. China's capital market has developed and expanded in the process of reform and opening up. Whether it is Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, joining Morgan Stanley Capital International Index, or Huluntong under study, every step of its development is inseparable from the promotion of two-way opening. In the new year, China's capital market will grow better in the process of opening up.