CHINA: The Shenzhen Stock Exchange has Released an Amended Version of its Charter

Tuesday July 24 2018

It has been reported that the Shenzhen Stock Exchange (SZSE) has now made amendments to its Charter, which was recently passed by its General Assembly and has also been approved by China Securities Regulatory Commission. The Charter provides a solid framework for the assistance in the running of the SZSE and plays an important role in its regulatory responsibility. The below are the principal changes and effects surrounding the Charter and their intended effects ;

• The amendments propose to strengthen the party’s leadership position by specifying that the party’s centralised and unified leadership on important issues
• expanding the scope of functions will strengthen oversight functionality
• increase the exchanges powers to suspend
• members responsibility for management of clients transactions is strengthened
• The exchange’s duty of risk control is enhanced
• They clarify the governance structure such as the Board of directors and General Manager
• It now reports on meeting resolutions between the Board of Directors and Supervisor’s.
• Improves on relevant regulations, new market members may apply for hearings and review to protect their rights and interests.

This information will be updated as soon as further details become available.

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