This not only demonstrates that regulators follow a "zero tolerance" policy and are strictly responding to violations of various laws and regulations in accordance with the law, but also demonstrates the disadvantages between intermediaries as "gatekeepers". in the capital market.
At the same time, with the deepening changes in the economic and financial environment and the comprehensive deepening of capital market reform, intermediary institutions link the two areas of capital market investment and financing. Their responsibilities are not only operational and capital market efficiency, but also to prevent risks. The implementation of the entire chain and capital funds is an important focus for quality market development. To this end, the regulatory authorities are continuously working to unify the responsibilities of intermediaries, inform intermediaries of relevant sanctions cases, strengthen accountability, improve job performance, and create a sound and sustainable development environment. I'm trying. . .
Indeed, as part of a series of systematic institutional innovations, the common practice of coordinating bodies has undergone significant changes. At the same time, regulators are constantly improving practical requirements to enable intermediaries to recover and fulfill their obligations. Since last year, regulatory authorities have been demanding guidelines and revisions on soundness supervision of intermediaries, bond trading order, securities company business rules, and bond trading order evaluation methods. Participation of investment banking businesses and law firms in the development of intermediary business practices Clarifies intermediary responsibilities and enables intermediaries to fully perform their properties and functions in a context where relevant laws and regulations are more comprehensive.
After years of development, our country's capital market has achieved many achievements in terms of market size, market structure and market function. Brokers must show more initiative in adapting to new requirements, ensuring the quality and efficiency of their work and continuously improving their ability to serve the capital markets and the real economy. Currently, the vast majority of arbitration institutions and their staff are able to fulfill their obligations, but a percentage of violations of laws and regulations is still observed. For example, basic due diligence tasks have not been performed as planned, abnormal circumstances such as production shutdowns at a company's important manufacturing plants have not been detected, or professional suspicion of business information indicative of fraud and misrepresentation has not been maintained. didn't . The record has been released. Even individual doctors seriously violate the rules of practice and want to get a "stamp" or become a "partner" in fraud.
In addition to the continuous optimization of the institutional system of relevant departments and the continuous improvement of intermediary institutions, intermediary institutions must strengthen the industry's self-discipline, focus on key risk areas, and focus on building a strong defense line. , improve internal controls. Reduces the chance of system and "source" errors. Establish the basic industrial culture concept of "compliance, integrity, professionalism and stability", promoting the in-depth integration of culture construction and business development. At the same time, it is necessary to further improve the professional skills of employees, emphasize the cultivation of professional talents, strengthen commercial research, and increase the level of complex services in a complex way.

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