Shanghai Securities News: Advance Constitutional Spirit, Boost Futures Market Integrity

Updated on: December 7, 2015

Reported by Ruan Xiaoqin, Journalist from Shanghai Securities News

Shanghai Futures Exchange (SHFE) held a conference on “Advance Constitutional Spirit, Boost Futures Market Integrity” on December 4. The conference saw official release of the Futures Market Integrity Building Initiative, with the aim to advocate integrity, set up the concept, disseminate integrity building, consciously accept supervision, and settle market disputes according to law and regulations so that the futures market order was well maintained.

The conference was held upon the background that the Central Government and the State Council called for integrity building and China Securities Regulatory Commission (CSRC)’s call to consolidate deployment of integrity building of the capital market. In recent years, SHFE, as a market organizer, has been fulfilling its duties in building integrity featured futures market. Efforts from all dimensions have been dwelt, including serving the market, risk control and prevention (as the main keynote), system building, concept guidance and communication, self-disciplinary supervision etc., with the aim to create a good social ambience and promote real economy’s healthy development.

SHFE proposed that market organizations, industry associations and market participators work together and join efforts from relevant institutions to advance integrity concept in the futures market, all parties at the Exchange raise their integrity level, lead self-disciplinary integrity of main players of the capital market, carry forward this culture, and promote healthy development of the capital market.

Representatives from SHFE, Shanghai Municipal Futures Industry Association and Everbright Futures spoke at the conference respectively. Expert from Shanghai People’s Procuratorate lectured on Securities and Futures Market Integrity Building and Financial Crime Prevention. Close to 170 people from Shanghai’s futures industry, judiciary authorities and investors of all circles attended the conference.