Wu Qing, male, Han nationality, born in April 1965, from Mengcheng, Anhui Province, joined the work in January 1989, graduate student, doctor of economics. He is currently an alternate member of the 20th ** ** and secretary and chairman of the Party Committee of the ** Supervision and Administration Commission of China.
Judging from his resume, it can be roughly divided into five stages.
Crack down on rat barns, "If you find a one, you will crack down on it together, and you will never be soft." Prevent and deal with system risks in a timely manner.
On March 6, 2009, Wu Qing officially served as the director of the ** Department of the China Securities Regulatory Commission, and was resolute in an interview: "The behavior of the rat warehouse is the most intolerable by the regulatory authorities. ”
When we are faced with the financial crisis, the housing market or the financial crisis, what needs to be saved is by no means or not only a certain institution or even a certain market, but we must focus on solving the economic problems, mechanisms and institutional problems behind them.
Wu Qing: Investors' own risk should be the basis for market development.
On June 16, 2008, he was interviewed by China's ** network: "In the long run, the ** market is a market where risks and returns coexist, and investors' own risks should be the basis for market development. When you buy some risky products, you have to make your own judgment whether it is suitable for you. Of course, from the regulatory regulations and regulatory measures, some regulations have been made for the institutions of ** such products, but as investors themselves, they should strengthen their risk awareness. ”
During his tenure in Hongkou, the Hongkou North Bund area changed from the original "shipping service agglomeration area" to a "shipping and financial dual carrying area", clarifying the dual positioning of "shipping + finance".
Wu Qing once explained his philosophy as follows: "If the development of the shipping service industry is in line with the logic of historical evolution, then creating a new landmark of wealth management is a strategic choice of 'based on reality and facing the future'."
Wu Qing's view on [regulation]:
The exchange is not only a market organizer and service provider, but also a regulator, creating the positioning of a world-leading exchange.
The first is the supervision of listed companies for the purpose of information disclosure, which is mainly to give full play to the role of information disclosure. In recent years, in order to adapt to the changes and needs of the market environment, the exchange has opened a direct train for information disclosure.
The second is the monitoring of abnormal trading behavior. For some excessive speculation and speculation, a small number of floating capital, large investors on the ** "predatory" transactions, the Shanghai Stock Exchange has taken targeted measures to gradually improve the ecological environment of market transactions, warn of false declarations, pull up and suppress, and reverse knock on abnormal trading behaviors, and even suspend individual abnormal trading accounts during the day when necessary.
The third is to "supervise members-centered" trading behavior supervision, give full play to the advantages and role of members in customer management, and urge members to effectively assume the responsibility of customer transaction behavior management, so as to make it the first gate to identify, discover, dissuade and stop abnormal customer trading behaviors.
The Shanghai Stock Exchange should also carry out information disclosure supervision in the form of thorough investigation, curb and prevent unfair capital market behaviors, and use the regulatory method of breaking the casserole to find out the "big flicker" and "small flicker", and promote the realization of fairness and justice through openness and transparency.
Views on [Delisting]:
Wu Qing believes that delisting is an important system in the market, which can fully reflect the optimization of resource allocation, promote the survival of the fittest, improve the quality of listed companies, and protect the legitimate rights and interests of investors.
It is necessary not only to fully consider the difficulties of delisting in the historical process, but also to unswervingly promote the delisting system in the process of normalization of IPO and the gradual improvement of the restructuring system
First of all, the exchange should assume the main responsibility for delisting, give full play to its advantages, and shoulder the burden of front-line supervision;
Second, it is necessary to establish more scientific and reasonable financial delisting indicators;
Third, it is necessary to further optimize the supporting measures related to delisting.
In addition, it is necessary to improve the supporting mechanism for the protection of the legitimate rights and interests of investors.
2019 5 21 - Wu Qing, Vice Mayor of Shanghai, introduced the main progress of Shanghai in accelerating the construction of a science and technology innovation center with global influence in the past five years at the press conference.
2021 4 10 - Shanghai held the 2021 Financial System Work Conference - emphasizing the empowerment of science and technology, digital economy, etc.
2021 8 25 - Shanghai Municipal People** released the "14th Five-Year Plan for the Construction of Shanghai International Financial Center" on August 24, and held a press conference - emphasizing financial innovation, equity financing, etc.
2021 10 13-2021 Shanghai Global Asset Management Summit Forum - emphasizing the asset management industry, etc.
The China Securities Regulatory Commission issued two fines on Chinese New Year's Eve this year, one is a large punishment for illegal transactions ** by 63 people including Xiong Jiantao, the former president of China Merchants **, and the other is a punishment for fraud in the IPO of Shanghai Silxin Technology, which can be regarded as a statement to the market. At the same time, it is rumored in the market that the China Securities Regulatory Commission will re-examine hundreds of companies planning to IPO one by one, and it will be interesting to see what happens.