According to reports (report by Qu Dehuai), on February 23, the Beijing Securities Regulatory Bureau held a futures supervision work conference in its jurisdiction. Wang Jianping, Director of the Beijing Securities Regulatory Bureau, conveyed the speech of Guo Shuqing, Chairman of the CSRC at the 2012 National Securities and Futures Supervision Work Conference and the special speech of Jiang Yang, Assistant to the Chairman at the meeting. He required all institutions in the jurisdiction to study carefully and implement the spirit of the national securities and futures supervision work conference in depth, seize the opportunity, explore innovation, closely focus on the fundamental requirement of serving the real economy, innovate service methods, actively cultivate institutional investors, provide practical solutions for industrial enterprises to manage risks and hedge, and continuously open up new situations in the reform and development of the futures industry in the jurisdiction.
Wang Jianping pointed out that the futures supervision work in the jurisdiction in 2012 would carry out work according to the guiding ideology of "exerting guidance role, implementing prudent supervision concept, adhering to law-based administration, promoting the development standardization of institutions in the jurisdiction, enhancing overall competitiveness, transforming development mode, focusing on protecting investors' interests, and achieving continuous and healthy development of the industry." Institutions in the jurisdiction should achieve five enhancements: First, enhance the ability to provide intermediary services and improve the level of serving the real economy; Second, enhance innovation vitality and efficiency, and improve the comprehensive competitiveness of institutions, including gold investment; Third, enhance the company's compliance operation level and effectively protect the legitimate rights and interests of investors; Fourth, enhance the company's risk prevention ability and ensure the stable operation of the futures market in the jurisdiction; Fifth, enhance the awareness of integrity construction and improve the self-discipline mechanism of the company.
At the meeting, Lu Qian, assistant director of the Beijing Securities Regulatory Bureau, introduced that in 2011, the number of futures institutions in the Beijing jurisdiction steadily increased, and their capital strength gradually improved. Eight companies completed an increase in capital of 872 million yuan, with net capital reaching 5.133 billion yuan, an increase of 21% over the previous year; the number of investors in the jurisdiction steadily increased to 227,000 people, growing by 26%; customer margin funds of futures companies amounted to 29.47 billion yuan, accounting for 19.8% of the country; the jurisdiction’s branches absorbed customer margin funds of 8.128 billion yuan, with agency trading volume reaching 8.18 trillion yuan, increasing by 12% and 3% respectively over the previous year.
Lu Qian stated that futures companies in the jurisdiction need to rely on "four focal points" to further realize new breakthroughs in development standards: First, strengthen compliance operations and talent reserve to comprehensively lay a solid foundation for corporate innovation and development. Second, promote business model innovation and further improve the level of intermediary services. Third, strengthen risk prevention work and actively maintain the stability of the capital city's economic and social situation. Fourth, play the role of self-regulatory organizations to continuously improve the level of investor education and integrity construction.
According to the introduction, the Beijing Securities Regulatory Bureau will launch the "Provisional Measures for the Classification Supervision of Futures Branches in the Beijing Jurisdiction" in 2012, strengthening guidance and supervision of branches in the jurisdiction, achieving differentiated supervision, and improving supervisory efficiency. At the same time, it will also establish an intermediary integrity management platform through the Futures Chamber of Commerce, increasing constraints on intermediary professional behavior, preventing risks of intermediaries managing wealth on behalf of customers, and effectively strengthening the protection of investors, purifying the operating environment of the Beijing futures industry.
Share to: Welcome to publish comments, I want to comment
Futures Investment Analysis Futures Software Download http://www.qihuoyijia.com Futures Account Opening Guide