As the first ChiNext companies will debut on the trading, SZSE carries out the trading restriction measure with regard to major abnormal transactions for the sake of preventing high speculation on the first trading day, safeguarding the securities market order, protecting the legitimate interests and rights of investors.
The relevant person in charge of the SZSE expressed that the CSRC attached high importance to the high speculation on the first ChiNext trading day. At the ChiNext kickoff ceremony, Shang Fulin, Chairman of the CSRC specially stressed that the regulatory departments shall closely monitor the first trading on ChiNext board, prevent the high speculation, firmly crack down on acts violating laws or regulations, including rigging stock prices and insider trading and maintain the normal market trading order with great effort.
The person also said that the SZSE consistently follows the principle of stringent supervision. On the basis of widespread and deep analysis and research, the SZSE will strictly comply with the unified arrangement of the CSRC to hold down the high speculation on the first ChiNext trading day with all strength from the following four points: One is to pop out the emphasis, intensify the supervision and regulation, carry out the key-point monitoring on key members, key business offices, major accounts and key stocks. The second point is to closely monitor the first day trading on ChiNext board, carry out the precise crackdown on accounts affecting stock prices or trading volume, such as block declaration, continuous declaration, high price declaration, fake declaration. The third point is to strengthen supervision on follow-up trading, intensify the information disclosure, implement the special trading suspension system, give a market risk alert and suppress continued speculation. The last point is to further raise the punishment level, with respect to securities companies which ineffectively manage clients or connive at clients’ participation in speculation, and the SZSE will impose on these companies disciplinary sanction or other measures in accordance with the relevant laws and regulations.
The person added that for the ChiNext board as a newly-born thing, the good start is crucial to the steady and healthy development of ChiNext. And at the same time, the person seriously reminded that investors shall clearly understand the special risks of ChiNext board, make a rational investment, lawfully trade securities while seeing the bright future for the ChiNext board.
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