--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Sky Clears up for Securities Market: Wu Jinglian
The securities market in China is stepping on a healthier way, said Wu Jinglian, one of the most prominent economists in China on Feb 15.

According to his speech on the Symposium of China's Listed Companies in Hong Kong, China Securities Regulatory Commission has strengthened itself in making regulations, supervising, and restricting law violating conducts since 1999, and therefore the market is going on more smoothly.

Wu urged the listed companies in his speech entitled To Perfect the Management Institution of Listed Companies to perfect their management in 7 respects:

First, to finish the solution of 'only one major shareholder';

Second, to establish independent institution for state-owned share rights;

Third, to standardize the relationship between the parent company and its subsidiaries with the state the dominant shareholder

Fourth, to optimize the working process of the directorate;

Fifth, to strengthen the supervision to the administration departments by the directorate;

Sixth, to motivate the managers with a reasonable payment;

And lastly, to develop the securities market on standardization.

The benchmark of a valid securities market can be used to measure the performance of the managers of securities companies, to strengthen the supervision and motivation, and as a result to make the management of a company more effective.

With the nickname of "Market Wu" in China, Wu Jinglian's remarks of the problems of the securities market in China has aroused wide attention and debates.

(People's Daily 02/16/2001)

Experts Debate Fledgling Stock Market
HK Stock Market Remains World's 10th Biggest Bourse
China Stresses Supervision, Control on Securities Market
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688