since the reform and development

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since the reform and development of new positioning, new air jordan retro 4 for sale deployment, the courage to tackle tough, accelerate the transformation regulatory functions, strengthen the supervision of law enforcement, and earnestly safeguard the market open, fair, just and legitimate investors interests, and promote the healthy development of the capital market. Right should not control things, we must firmly put on the need to manage a good thing, firmly manage and manage well. Against illegal acts ruthlessly investigated in the end, the punishment in place.From the perspective of market rules, Xiao Gang said that strengthening the capital market regulation and law enforcement is an important prerequisite for the healthy operation of the capital market with the rule of law dependence, the need to promote the rule of law, strengthen the supervision of law enforcement to protect the operation of the market is not “derailed.” Meanwhile, the capital market speculation associated with sexual offenses, mature market development is a process of increasing law 

 

enforcement process.Government’s role is to law enforcement responsibility, to curb the spread of illegal activities, normal functioning of the market. He cited the SEC, Chinese born in Hong Kong SFC enforcement powers of market factors and overweight process.Grim situation and challenges facing law enforcementXiao Gang said that China’s capital market is still “emerging and transitional” phase, in the critical period of economic and social transformation, regulation and law enforcement areas facing a severe situation and challenges, including:Current market, more and more cases of violations, law enforcement resources are relatively tight, the SFC system solely on law enforcement officers less than 600 people, less than 20% of the total number of workers, but also keep up with scientific and technological development of the situation of law enforcement;Increasingly complex covert illegal means, air jordan spizike sale online    the parties becoming more conscious of anti-investigation, the relative lack of enforcement tools, administrative enforcement prevalent cases found difficult, hard evidence, the punishment is difficult, the difficult problem of implementation of the capital market rate of only 60% of the cases verified to 70%;Maintain the 

 

market “Three” the task is arduous, urgent need to improve the enforcement of environmental and social awareness of the rule of law is weak, so that regulatory enforcement is disturbed, resulting in low-cost illegal, accountability is not timely. In recent years, the SFC investigation 110 or so a year, can successfully make administrative punishment, the average is not more than 60, the average annual transfer of criminal cases involving more than 30 pieces, eventually dropped more than half; investor protection task has become increasingly important to maintain institutional arrangements incompatible with the interests of investors. In recent years, a number of major cases, in particular categories of cases involving fraud listed the subject of many, many hundreds of thousands injured investors, there is also a few thousand people. He suggested that “the protection of investors, is to protect the market.”Existing procedures for law enforcement model is longer, less efficient, does not meet theair jordan retro 5 for sale  needs of deterrence violations, it can not respond quickly to market and social concerns, China’s current capital market has not yet formed and modern rhythms to adapt to new models of administrative law