tighten regulations. 1998Promulgated by the Securities Act

Securities and comprehensive assessment of the effects of the new securities law Gui Minjie: by improving the legal system on capital market deregulation, make room for the innovation in early 2006 implemented new Securities Act played an important lead in China's capital market development, promotion and protection. The China Securities Regulatory Commission Vice Chairman Gui Minjie 26th that the"Twelve-Five" plan on capital market development under the background of new directions and objectives the old republic power leveling, it is necessary to effect a comprehensive assessment of the Securities Act, by improving the legal system to market deregulation, and leave room for innovation. Gui Minjie is the "second Forum of Shanghai the rule of law" made the above remarks. The Forum with "moving into the mature markets of securities lawAnd the perfection of the securities law "as its theme. 　　Is necessary to comprehensive assessment of the effects of data display, at the end of October this year, China's capital market-related laws, regulations and rules file reaches more than 560 pieces swtor power leveling, the main areas of operation and the code of conduct has a system of rule of law, all aspects of the market enables laws, tighten regulations. 1998Promulgated by the Securities Act, amended in 2005 made a major, to address the impact on capital market development, including the non-tradable shares of several important basic issues, promoting great development breakthroughs and turning changes in the market. Gui Minjie said that amended the Securities Act has been in force for five years, time span and the test of practice, understanding and deepenAnd Foundation, now there is a need to effect a comprehensive summary and assessment of it. "Economic and social development in China has entered a ' Twelve-Five ', new five-year plan made clear deepen the stock issue market-oriented reform and accelerating development of over-the-counter markets, active development of bond markets, these tasks and require clear direction and objectives for the further development of capital markets, byTreatment should also keep pace with the construction. 　　"Gui Minjie said. In addition, in recent years in China's capital market more innovation, change is large, some legal systems design lags behind developments in the market, the need for timely adaptation. 　　Such as stock index futures, gem, as well as moving forward in the over-the-counter market building, you will need to fill the gap or make appropriate adjustment of the legal system. According toUnderstood that this year, the securities organization supervision system and exchanges and to mobilize forces of all quarters, started to evaluate the implementation of the Securities Act. General to the securities law in the securities market in the reform and development of basic, fully affirmed the leading role.