Securities and Futures Commission
crimes against improving coordination mechanism
promote the development of judicial interpretation of civil compensation securities infringement
China Securities News, 24, from the China Securities Regulatory Commission was informed by the person concerned, the CSRC is perfect crimes against the securities and futures cooperation mechanism, with the development of insider trading and other criminal cases and judicial interpretation of criminal cases involving securities and futures for the judicial policy documents promote the development of judicial interpretation of civil compensation securities violations.
Commission official said the departments concerned, to combat insider trading, the SFC will further strengthen public security, state-owned assets, coordinate with other departments to monitor and improve the transfer of cases, law enforcement cooperation, information management, integrated prevention and control mechanism for communication situation, strengthen administrative and criminal responsibility for the Responsibility to recover strength.
aware of inside information and the transfer process is often more subtle, is an insider trading investigation of cases and identify the difficulties. Since 2010, the SFC to investigate departments from many angles, focus on key evidence, circumstantial evidence, witness testimony collected; the Administrative Punishment Committee based on objective, a solid chain of evidence, evidence of acts of presumption of insider trading, the parties do not cooperate with the investigation of cases, the law recognized a number of insider trading cases, the effective deterrent to insider trading.
example, four Chuan Shengda director, general manager She Moumou the disclosure of annual and interim results of Letters and other good information before the operation relatives account for insider trading. Although the parties do not cooperate with the investigation, however, the SFC through his job duties, attendance, account operations, information consistent with insider trading point in the degree of hard evidence, and ultimately finds its insider trading law, the parties subject to administrative punishment prohibited by the market into 3 years.
In another insider trading case, S * ST bright Chairman Ma Moumou in corporate restructuring negotiations, debt restructuring in the initial program to determine the day after his sister and his wife operate the account, clearance to sell all shares S * ST bright buying all 67,600 shares of stock, profit 98,600 yuan. SFC investigation found that Ma Moumou couples living together, with access to inside information about the foundation and conditions for buying his wife's behavior after the first clearance characteristics, and insider trading point in the process of formation and development of information highly consistent enough to prove The activities constitute insider trading, the responsible person shall be subject to administrative penalties. Reporter Shen Tu Qingnan
guide farmers through the cooperative participation in exploration of the city of hedging
intended to eliminate agriculture-related enterprises to participate in the Commission of the City constraint
agricultural futures market for the next development plan, China Securities Regulatory Commission, deputy director of Futures Supervision Song Anping, said recently that the Commission is determined to curb excessive speculation, more attention to the existing listed species do in-depth and meticulous manner, revising and improving the futures contracts and business rules. And the elimination of agricultural enterprise system in the futures market and policy constraints, support the development of farmer cooperatives, and actively explore the guide farmers through the cooperative hedging in the futures market indirectly, the mode of operation.
in an interview he made the above statements,. Since the second half of 2010, by the international spot market and other factors on the impact of price fluctuations of agricultural products is more intense. SFC by reducing the leverage in futures trading, transaction costs by improving day to curb short-term revolving frequent trading, the introduction of unusual transactions that standard, enhanced supervision, site supervision and a series of strong measures to maintain the domestic agricultural market production and management orderly development.
Song Anping said the next step, the CSRC will work with relevant ministries and local governments, from the futures market and spot market two aspects, continue to strengthen the construction of agricultural futures markets to further develop agricultural futures markets on rural reform and development of positive boost.
SFC will pay more attention to the existing listed species do in-depth and meticulous manner, revising and improving the futures contracts and business rules, rational distribution, delivery warehouses, agricultural products and further close to the spot market, investors focus on improving the structure, strengthen supervision and prevent risks and protect agricultural futures markets running smoothly. And direct exchange and futures companies to actively explore the futures markets, optimize asset allocation and enhance market competitiveness.
addition, the SFC also promote the new rural cooperative organizations and the combination of futures markets, rural financial and agricultural futures markets such as interactive development of a positive mode. Will continue to promote agricultural development and improvement of the spot market, strengthening the agricultural risk management education and training, agriculture-related enterprises in the futures market to eliminate the institutional and policy constraints, support the development of farmer cooperatives, making connections between farmers and agro-enterprises agricultural production and trade and the futures market, the bridge and link between, and actively explore the guide farmers through the cooperative hedging in the futures market indirectly, the mode of operation.
At the same time, Song Anping, said the Commission will continue to strengthen supervision and management of the futures market, to resolutely curb excessive speculation, and closely monitor the various types of unusual transactions, to crack down on market manipulation, insider trading and other illegal transactions, and effectively do better prevention and control of market risk and ensure the long-term futures market healthy and stable development, efforts to promote market functioning, for the real economy and the national economic development.
present, the indica rice futures markets, strong gluten wheat, hard white wheat, corn, cotton, soybean One, II soybean, soybean meal, soybean oil, rapeseed oil, palm oil, sugar and natural rubber, 13 varieties of agricultural futures, sugar, cotton and oil covered the basic system for agricultural futures. In 2010, China's total agricultural futures traded 1.533 billion hands, in accordance with the volume calculations, China has become the world's largest agricultural futures market. (Caizong Qi)
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