On October 21, Yi Huiman, chairman of the China Securities Regulatory Commission, said today that the basic system of the capital market should be a set of closely linked, internally coordinated and mutually supporting system, which together constitute the four beams and eight pillars to ensure the normal operation and effective play of the capital market. He believes that the basic system of capital market includes at least four aspects of characteristics, and its core is to promote the return of all parties to the market.
Yi Huiman: highlighting the main line of basic system construction and strengthening the leading and regulating role of system
At the annual meeting of 2020 Financial Street Forum, Yi Huiman, chairman of China Securities Regulatory Commission, said that improving the basic system of capital market is the main theme of comprehensively deepening the reform of capital market. The basic system is directional and fundamental. Highlighting the main line of the basic system construction and strengthening the leading and regulating role of the system are the distinctive features of this round of comprehensively deepening the capital market reform. Since last year, China Securities Regulatory Commission (CSRC) has taken the reform of registration system as the leader, paid attention to the role of experimental field of the reform of science and technology innovation board, promoted the innovation of key systems in the capital market as a whole, strengthened the summary and evaluation, and gradually extended the effective system to the whole market. This has played a key role in building consensus among all parties and ensuring the smooth and smooth progress of the reform.
Yi Huiman: steadily promoting the reform of DVP settlement system
At the 2020 Financial Street Forum on October 21, the chairman of China Securities Regulatory Commission pointed out: actively and steadily optimize the transaction settlement system, enrich risk management tools, optimize the margin trading and securities lending and refinancing system, and steadily promote the reform of DVP settlement system. We will improve the institutional arrangements for normalization and multi-channel delisting.