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The second session of the securities company Innovation Conference held yesterday nike air max 1 hyperfuse   Not surprisingly highlights the risk control topics. From the Commission Vice-Chairman Zhuang Xinyi, the main person in charge to the Securities Industry Association and the Shanghai and Shenzhen Stock Exchange are involved in the continuation of innovation policy in his speech, but also stressed that prevent innovative risk.Previously, regulators or securities institutions are not ready for a new challenge – independent brokerage firms, independent innovation; regulators innovative forms of regulation, neither over-regulation, nor the absence of regulation; For market need to improve the basic regulations and institutional environment. The entire financial chess game are emphasized to control systemic risk, the securities industry is not high leverage, risk control, the need to

address deficiencies in the system and the potential risks.Too pessimistic interpretationZhuang Xinyi stressed in his speech the supervision need to keep up with the pace of innovation. He said that to ensure that the industry does not appear systematic, the persistent illegal acts, industry risk does not spill to form systemic risk; maximum zoom securities companies to operate independently on the basis of self-management space.Caused by the tone of some concern, brokerage stocks yesterday disk collective varying degrees nike air max 90 vt    of decline. Some participants said that this year’s meeting is not to expect too much, in fact, did not appear the first Innovation Conference brainstorming. Last meeting before the entire industry depth and extensive mobilization from the regulators to the institutions ready to fully during the meeting the delegates in addition to participate in the General Assembly, also had a lively group discussion. But very conventional form of this year’s conference, the only form of leadership speech and industry representatives to speak.Industry interpretation of the Innovation Conference “risk control General Assembly” for the sake, but too pessimistic. In fact, since last October

, the Commission has started to pay attention to risk brokerage innovation. Office Assistant Chairman of the SFC took office from the SSE general manager Zhang Yujun, emphasized in a number of research risk control, risk control and innovation and brokerage.Since February this year, on-site inspection, the Commission also found that many brokerage innovation illegal. Docking small collection of such special programs to achieve the purpose of regulatory arbitrage. These phenomena reflect the industry does exist neglect of risk control, the pursuit of short-term benefits of impulsive mentality. Regulators is the worry that these signs will spread into a systemic risk, ultimately leading to The regulators have rigid intervention, the pace of innovation interrupt or even retrogression.Which led to this nike air max 90 hyperfuse   year’s SFC greater emphasis on risk control root cause lies in two aspects: First, the intensity of last year’s pace of innovation, further out of the new policy is not much space, but need to consolidate and find out exactly what the existing policy, in particular make up the agency’s own risk control system, as well as regulatory means short board. The second is to also pay attention on the overall situation of the entire financial systemic risks, such as the China Banking Regulatory Commission No. 8 requires non-standard claims standardization, the central bank and the Development and Reform Commission to tighten regulation of the bond market issuance and trading.However, it is not necessary to worry too much about the change in attitude of the SFC. Industry insiders say that the Zhuang Xinyi In his speech, did not directly criticize the irregularities of some companies in the industry, “systematic” and “persistent” violations