Several Provisions on Personal Securities Investment Behavior of Party and Government Organs

essay

Staff of party and government organs can buy and sell stocks and securities investment funds. The trading of stocks and securities investment funds shall comply with the provisions of relevant laws and regulations, and the following acts are strictly prohibited:

1, use the influence of authority or position or take other improper means to ask for or forcibly buy or sell stocks, or ask for or resell warrants;

2. Use inside information to directly or indirectly buy and sell stocks and securities investment funds, or put forward suggestions for buying and selling stocks and securities investment funds to others;

3. Buying and selling stocks of listed companies within its direct business jurisdiction, or holding or buying and selling stocks in the name of others;

4. Borrow the public funds of the unit, or borrow the funds of the management and service objects, or borrow the funds of subordinate units and individuals within the competent scope, or borrow the funds of other units and individuals related to exercising their functions and powers to purchase stocks and securities investment funds;

5, in the name of the unit to raise money to buy and sell stocks and securities investment funds;

6. Use working hours and office facilities to buy and sell stocks and securities investment funds;

7. Other acts that violate the Securities Law of People's Republic of China (PRC) and other relevant laws and regulations.

Extended data:

Several Provisions on Personal Securities Investment Behavior of Party and Government Organs

Article 10

The staff of party and government organs mentioned in these Provisions refers to the staff of party organs, people's congresses, administrative organs, CPPCC organs, judicial organs and procuratorial organs. Institutions managed in accordance with the civil service system, enterprises and institutions with administrative management functions and administrative law enforcement functions, and staff in mass organizations such as trade unions, the Communist Youth League, women's federations, literary and art federations, writers' associations, and science and technology associations; These Provisions shall apply to the staff of institutions affiliated to party and government organs at all levels, trade unions, the Communist Youth League, women's federations, literary and art federations, writers' associations, associations for science and technology and other mass organizations.

Article 11

In addition to buying and selling stocks and securities investment funds, these Provisions shall apply to buying and selling other stock securities and their derivatives.

Article 12

The Central Commission for Discipline Inspection and the Ministry of Supervision shall be responsible for the interpretation of these Provisions.

Article 13

These Provisions shall come into force as of the date of promulgation. Before the promulgation of these provisions, the staff of the party and government organs used their powers or positions to buy and accept "original shares" and other acts of buying and selling stocks in violation of the provisions at that time, and should continue to investigate and deal with them in accordance with the original provisions.

References:

A Good Encyclopedia —— Some Provisions on Personal Securities Investment Behavior of Party and Government Officials

Q2: Can civil servants trade stocks?

Civil servants need to see if it is party member. According to the discipline inspection regulations of party member, party member can't trade stocks.

Q3: Can party member cadres buy and sell stocks?

Regarding the focus of whether party member cadres can speculate in stocks, Article 88 of the Regulations on Disciplinary Actions in the Communist Party of China (CPC) clearly stipulates:

Article 88 Whoever engages in profit-making activities in violation of relevant regulations and commits one of the following acts, if the circumstances are minor, shall be given a warning or a serious warning; If the circumstances are serious, he shall be dismissed from his post within the Party or be placed on probation; If the circumstances are serious, be expelled from the Party:

Commercial enterprises;

(2) owning shares or securities of unlisted companies (enterprises);

(3) buying and selling stocks or investing in other securities.

(four) engaged in paid intermediary activities;

(5) registering a company or investing in shares outside the country (territory);

(six) other profit-making activities in violation of relevant regulations.

Whoever takes advantage of his authority or position to seek benefits for the business activities of his spouse, children, their spouses and other relatives and other specific related parties shall be dealt with in accordance with the provisions of the preceding paragraph.

Those who work part-time in economic entities, social organizations and other units in violation of relevant regulations, or who are approved to work part-time but get extra benefits such as wages, bonuses and allowances, shall be dealt with in accordance with the provisions of the first paragraph.

Historically, the central government has explicitly prohibited leading cadres at or above the county level in party and government organs from buying and selling stocks.

China * * * News Network reporters found that as early as 1993 and 10, the CPC Central Committee and the State Council issued the "Decision of the State Council, the Central Committee of the Communist Party of China on Some Work in the Recent Anti-corruption Struggle", explicitly prohibiting leading cadres at or above the county level in party and government organs from buying and selling stocks. 1997 "Several Guidelines for Leading Cadres of China * * * Production Party party member (Trial)" stipulates that "buying and selling stocks in violation of regulations is not allowed". It was not until 200 1 the Central Committee of the Communist Party of China and the State Council promulgated the "Several Provisions on Personal Securities Investment Behavior of Party and Government Organs" that the ban was lifted, allowing legal property to invest in the securities market in a legal way, and making it clear that party and government officials can buy and sell stocks like ordinary people outside working hours. It is clearly pointed out that the staff of the party and government organs put their legitimate property into the securities market in a legal way, which is the support for national construction.

At present, stock investment has become an important investment method for the working class, and it is unrealistic to completely prohibit party member from engaging in legal securities trading. In an interview with the media, a person from the Sichuan Discipline Inspection and Supervision System pointed out: "It is a serious misunderstanding to say that party member can't speculate in stocks. It's not that you can't fire, but you can't' violate relevant regulations', such as using inside information, and people with specific identities can't fire. The premise of not speculating is that it violates relevant regulations. "

These seven behaviors of party and government personnel in stock trading must be prohibited.

From the Provisions on Personal Securities Investment Behavior of Party and Government Staff, we can know that party and government staff can buy and sell stocks and securities investment funds, but when buying and selling stocks and securities investment funds, in addition to national laws and regulations, the Provisions on Personal Securities Investment Behavior of Party and Government Staff explicitly prohibits the following seven types of behaviors.

(1) extorting or forcibly buying or selling stocks, soliciting or reselling warrants by taking advantage of the influence of authority or position or by other improper means.

(2) directly or indirectly buying and selling stocks and securities investment funds by using inside information, or providing suggestions for buying and selling stocks and securities investment funds to others;

(3) buying and selling stocks of listed companies within its direct business jurisdiction, or holding or buying and selling stocks in the name of others;

(4) Borrowing the public funds of the unit, or borrowing the funds of the objects of management and service, or borrowing the funds of subordinate units and individuals within the competent scope, or borrowing the funds of other units and individuals related to exercising their functions and powers to purchase stocks and securities investment funds;

(five) in the name of the unit to raise funds to buy and sell stocks and securities investment funds;

(six) the use of working hours and office convenience to buy and sell stocks and securities investment funds;

(seven) other acts in violation of the Securities Law of People's Republic of China (PRC) and other relevant laws and regulations.

Q4: Can party member cadres buy investment stock funds?

Party member cadres can buy and invest in stock funds or other funds, or they can directly trade in stocks.

But it is generally not allowed to do business or start a company.

Trading or watching dishes during working hours is also not allowed.

Trading time can only be around 1:: 00-2: 00 in the afternoon, and the time after that is generally afternoon working hours.

Therefore, it is generally a medium-long line.

Q5: What should novices pay attention to when buying stock funds?

If you purchase this fund through China Merchants Bank and purchase this fund for the first time, you need to go to any branch of our bank (within China) for risk assessment, or purchase this fund through mobile banking and conduct the first risk assessment; Need to open the fund account number of the registration institution corresponding to the fund.

Log in to mobile banking and click My-All-Funds to view the list of funds. Click on the product you want to enter the purchase interface. (20 16 1 1.30 After the fund system is upgraded, you can purchase funds on demand without transferring to a wealth management account).

Except for the system liquidation on the trading day of 15:00- 16:00, funds can be entrusted at other times.

Tips:

Monetary funds usually suspend trading in advance to prevent holidays. Please pay attention to the relevant announcement information of fund companies.

Q6: What should I pay attention to when buying a fund?

First of all, look at what type of fund it is.

Equity funds have high risks and high returns.

Money funds have low risks and low returns.

It has plummeted in recent days. Buy some zj funds.