Since Smeron's two-year term expired, the media has been paying more attention to her stay. Recently, the news obtained from reliable sources shows that Shi Meilun will remain as the vice chairman of the CSRC until the first half of next year. On August 1 1, the summit of large brokerage firms was held in Beijing. Shang Fulin, Chairman of the CSRC, Fan Fuchun, Vice Chairman of the CSRC, Tu Guangshao and other leaders of the CSRC were all present, but the Iron Lady Shi Meilun was nowhere to be seen. As the vice chairman of China Securities Regulatory Commission in charge of issuance and listing supervision, Shi Meilun's absence from the brokerage summit will inevitably lead to market speculation.
"Until the end of the meeting, vice chairman Shi Meilun didn't show up. As participants, we all felt very strange at the time. " A brokerage boss said, "It may be that the CSRC has other arrangements or is on a business trip." Regarding the news that Smailun may leave his post and return to Hong Kong, the source said that it is unlikely. "Many key points of the work of the CSRC in the second half of this year are related to Shi Meilun, such as the sponsor system. How can Shi Meilun leave easily? "
On August 26th, an official of the Information Office of the China Securities Regulatory Commission said that Shi Meilun's failure to attend the brokerage symposium on August 1 1 was another important business trip arrangement.
"As long as he is not on a business trip, President Shi will go to work on time. Today, President Shi will go to work normally in a meeting. " Mr. Wang, the secretary of Shi Meilun, confirmed that Shi Meilun was on a business trip during the brokerage summit. Wang did not disclose the specific location of the business trip.
According to another source, in order to maintain the stability and continuity of mainland securities regulatory policies, the central leaders have personally invited Shi Meilun to remain as the vice chairman of the CSRC until the first half of next year. Shi Meilun himself has agreed to stay in office and declined the invitation of the Hong Kong government to return to Hong Kong to take charge of the Hong Kong Securities Regulatory Commission. Regarding another rumor that Shi Meilun will take over as the president of the Hong Kong Monetary Authority, a well-known professor at the Chinese University of Hong Kong said in an interview that Hong Kong politics has its own rules of the game, which is extremely unlikely.
Although there are some twists and turns on the way back to Hong Kong, it is a good choice to stay. According to the insiders, at present, brokers are fighting alone. This year, foreign capital will enter the China A-share market, and QDII will also be ready. China Securities Regulatory Commission needs professionals who are familiar with and control international operations. But at present, there are not many people with rich international experience at the top of the association except Shi Meilun, so it is necessary to keep Shi Meilun from the image and reality. Shi Meilun is 52 years old this year. After graduating from high school, she went to the United States for further study. She received a Bachelor of Arts degree from the University of Wisconsin and a Doctor of Laws degree from the University of Santa Cana, California. She is the daughter-in-law of Cha Jimin, a former member of the Hong Kong Basic Law Drafting Committee. Her husband, Cha Mao Cheng, is a director of a Hong Kong industrial company. Before joining the Hong Kong Securities Regulatory Commission, she worked in the Hong Kong office of Goldtech Brothers Law Firm. Shi Meilun 199 1 Joined the Hong Kong Securities Regulatory Commission and worked in the Commission 10 years. 1998, promoted to vice chairman and chief operating officer of CSRC. Shen Liantao, her former boss and chairman of the Hong Kong Securities Regulatory Commission, commented that Shi Meilun was "impartial and a model for the staff of the CSRC".
Shi Meilun served as the vice chairman of the China Securities Regulatory Commission two years ago, becoming the first person in the history of new China to be the vice chairman of the China Securities Regulatory Commission and a deputy ministerial official of the central government by professionals from Hong Kong, Macao and Taiwan.
At that time, the Beijing media commented: "The arrival of Anthony Liang (former chairman of the Hong Kong Securities Regulatory Commission and chief consultant of the China Securities Regulatory Commission two years ago) has brought many advanced operational experiences and regulatory concepts to the China securities market, and this time the arrival of Shi Meilun is believed to play a positive role in improving the regulatory level of the China securities market." Two years ago, in March of 200 1 year, when Shi Meilun walked into the gate of the CSRC, Shi Meilun once said, "I plan to work in Beijing for two years." Although it was an oral statement, the media firmly remembered this sentence. At the beginning of this year, the deadline she promised has come, and it coincides with the appointment of Shang Fulin, the fifth chairman of the CSRC, and the departure of Gao Xiqing, the former vice chairman, which seems to imply that the management of the CSRC is undergoing a major personnel change. As a result, the media in Hong Kong and Guangzhou took the lead in spreading the news: "Smeron has decided not to renew the contract this year and will return to Hong Kong after the contract expires."
As soon as the news that Shi Meilun, vice chairman of the China Securities Regulatory Commission, will remain in office came out, market participants had a great response. Some people support her retention, thinking that her consistent regulatory thinking has brought dawn to the healthy development of China stock market; Others believe that "returnees" should be responsible for the continuous decline of the stock market in the past two years. There are countless comments about Smeron's future.
Under this circumstance, the relevant departments of the CSRC immediately came forward to rumor. A CSRC official told reporters that Shi Meilun is a deputy ministerial official officially appointed by the State Council, and there is no "contract" problem at all. The so-called "expiration of the contract" is pure speculation. At the same time, Shi Meilun's secretary also told reporters that he did not resign at all. Shi Meilun herself did not make such a decision, and she continued to be responsible for the management of the issuance and listing. Behind Shi Meilun's stay is people's concern about securities supervision. Since Smeron took office two years ago, the China stock market has experienced an unprecedented regulatory storm, and the former policy market has experienced a painful marketization process. During this period, both the reduction of state-owned shares, the establishment of GEM, the opening of B shares and the issuance of A shares caused controversy.
Statistics show that in the nine months after Shi Meilun took office, the CSRC issued more than 40 laws, regulations and punishment decisions. The Yi 'an Science and Technology case, Zhongke Entrepreneurship case, Bosera Fund case, Yinguangxia case and Sanjiu Group incident were investigated and announced one after another, which was also what happened after she took office. Smellen established an iron fist image, but at the same time he was criticized by the market.
On June 1 1, Shi Meilun said in an interview with CCTV that the purpose of supervision is to maintain the healthy development of the market, so regulators hope to correct anything that is not conducive to the healthy development of the market as much as possible, and do not allow irregularities and fraud in the market. In the interview, Shi Meilun talked about his experience and working principles in securities supervision. She said: "In the market, listed companies will protect themselves, institutional investors will protect themselves, and bookmakers have their own interests, but small and medium investors have no right to speak. As regulators, they should be protected. "
But it is these small and medium-sized investors that Smeron wants to protect, but they complain about her. In their view, you might as well give him a warm gift if you give him a bright and distant future. This may make smellen puzzled.
Shi Meilun said frankly: "In the process of handling a series of major cases in the securities market, many interests are placed in front of regulators. From the regulator's point of view, what needs to be done is to ensure the healthy development of the market, and the premise of the healthy development of the market is to adhere to the principles of openness, justice and fairness. I personally think it is not difficult to do this. "
Regarding Smeron's retention, an economist who did not want to be named told reporters that Smeron's retention is good for the China stock market. Shi's retention will help China's capital market to listen to the opinions of all parties and develop in a balanced way. In his view, we must objectively analyze the abnormal trend of China stock market in recent two years, which is not consistent with the macro economy and cannot be emotional. Simply attributing it to a certain person or unrealistically defining a certain faction is one-sided, which is very unfavorable to the reform and opening up of China's capital market in the next stage.
Zhang Weixing, a market participant, said: "It is not objective to blame one person for the decline of the entire stock market, but because investors are not clear about the policy decision-making procedures of the CSRC, they can only feel that this market has been destroyed, and the decline cycle of the stock market coincides with the term of office of Shi Meilun, so some investors have such complaints."
After half a year, Smeron's future was finally clear. At present, Shi Meilun focuses on the long-simmering sponsor system. In addition, the restrictions on the amount of IPO financing and the requirements for the independence of listed companies will be the focus of the work of the CSRC during the year.