From February 18 to 19, the China Securities Regulatory Commission held a series of symposiums to listen to opinions and suggestions from all parties on strengthening capital market supervision, preventing and resolving risks, and promoting the high-quality development of the capital market. Experts and institutions who participated in the symposium were interviewed by a reporter from China ** Daily and talked about their opinions and suggestions at the symposium.
Guo Li, a professor at Peking University Law School, learned from an interview with a reporter from China** News that Guo Li, a professor at Peking University Law School, expressed his views at the CSRC expert symposium on how to promote the reform of the capital market in the next step. Guo Li thinksThe next policy measures should promote the reform to be deeper, more practical, and more detailed, and based on reality. "The reform of the registration system is a whole-process all-round institutional change driven by the first issuance activities, which has brought positive changes from four aspects. Guo Li said, first, to make the regulatory concept with information disclosure as the core more deeply rooted in the hearts of the people; the second is to promote the further improvement of the first-class legal system; The third is to make the issuance process more open and transparent, and the market mechanism to play a greater role; Fourth, we should urge all relevant entities to return to their responsibilities and pay more attention to their own roles and responsibility boundaries. "The next policy measures should promote the reform to be deeper, more practical, stable and detailed, based on reality, and help build a financial power. He said. In Guo Li's view, although the front-end issuance link has attracted much attention, the logic of the investor protection system with information disclosure as the core is consistent, and the back-end accountability must also be strengthened. Administrative penalties have been imposed for the first batch of fraudulent issuances under the registration system, and the representative civil litigation procedures in relevant cases have also achieved results or progress. Public-private collaboration is crucial to enhance the effectiveness of law enforcement, and it is important for all actors to gradually clarify and adapt to their responsibilities and positioning in the new institutional environment. In addition, the application and implementation of laws across markets, regions and mechanisms deserve special attention. Reviewer: Zhang Qinfeng Editor: Wang Yin Proofreader: Zhang Diange Producer: Li Ruoyu Signed: Fei Yangsheng