Recently, the China Securities Regulatory Commission has ushered in a wave of middle-level cadre adjustments. The Party Committee of the China Securities Regulatory Commission has passed these personnel adjustments. Most of them are bureau-level cadres.I heard a new round of adjustments in the middle level of the China Securities Regulatory Commission, and the fine-tuning of the chairman's division of labor). At present, these personnel changes are being announced on the China Securities Regulatory Commission's intranet.
On August 3, a reporter from Caixin exclusively learned that Li Ming, the general manager of the National Equities Exchange and Quotations System (hereinafter referred to as the stock transfer company, commonly known as the New Third Board in the market), plans to be transferred to the Secretary of the Party Committee and Director of the Jiangsu Securities Regulatory Bureau, which is currently being announced on the intranet of the Securities Regulatory Commission..
According to the information published by the China Securities Regulatory Commission, all staff members of the China Securities Regulatory Commission can report to the Organization Department of the Party Committee of the China Securities Regulatory Commission any problems in Li Ming's morality, ability, diligence, performance, and integrity.If it is not convenient to report to the organization department, you can directly report to the leader of the meeting.Reporting problems must adhere to the principles of seeking truth from facts, objectivity and fairness.It is worth mentioning that if the problem is reported in the name of a unit or department, the official seal should be affixed; if the problem is reported in the name of an individual, it is generally required to sign the real name and the unit or department to which it belongs.The publicity period is 7 working days, which means that problems or reports need to be completed before August 13.
Li Ming was transferred from the non-public department of the China Securities Regulatory Commission to the stock transfer company in November 2016, and he was in Xinjiang before officially taking office.People familiar with the matter told Caixin reporter that Li Ming is an old man of the China Securities Regulatory Commission.Deputy secretary and deputy director of the party group, was transferred to the party committee member and director of the Xinjiang Autonomous Region Rural Credit Cooperative Union in May 2016 (aiding Xinjiang).
After Li Ming took office in the stock transfer company, the first thing he faced was the rectification of listed private equity institutions. How to rectify?Is it mandatory to delist unqualified private equity institutions?How to properly accommodate investors of delisted institutions?These series of issues are very difficult, especially after Zhongke Merchants was forced to delist, it faced many investors going to the relevant regulatory authorities to defend their rights.Caixin reporter has also interviewed Li Ming many times about such issues. He believes that if private equity institutions do not meet the requirements, they will be forcibly delisted. However, investor rights protection is a dispute of interests between investors and delisted companies, which should be resolved by the companies themselves..At present, the protection of the rights of investors in China Science and Merchants is still going on. The general meeting of shareholders has become a must for investors to protect their rights, and it has repeatedly turned into various farces between the company controllers and investors.
During Li Ming’s tenure, the stock transfer company also launched a series of policy bonuses, including the implementation of differentiated stratification and call auction systems at the end of 2017. However, the current NEEQ market is still stagnant due to liquidity difficulties.
On January 24, Li Ming pointed out at the 2018 New Third Board Innovation and Development Forum that although the New Third Board urgently needs to enrich the number and types of investors, it will never build lsquo;leek market rsquo;. The reform idea is to combine deepening of stratification,Adhere to and improve the investor suitability management system.
Li Ming mentioned that in 2018, the stock transfer company intends to focus on four aspects of work: first, to promote market refinement and stratification, and to study the reform of the issuance system;Opening up and cooperation with the outside world, exploring the interconnection with overseas exchanges; the fourth is to deepen classified supervision and fully maintain the stable operation of the market.■
