Just now, the Shenzhen Stock Exchange ushered in new personnel changes, and Chen Huaping, former director of the General Office of the China Securities Regulatory Commission, took up the post of Party Secretary of the Shenzhen Stock Exchange, a regulatory cadre who grew up in the securities regulatory system, and has a new mission.
On the afternoon of December 6, the Shenzhen Stock Exchange held a meeting of the leadership team (expansion). Appointed by the leadership of the Organization Department of the CPC Central Committee, the principal responsible comrades of the relevant cadre bureaus of the Central Organization Department announced the central decision: Comrade Chen Huaping was appointed secretary of the party committee of the Shenzhen Stock Exchange. According to the regulations, the chairman of the Shenzhen Stock Exchange needs to go through the council and other procedures, and according to the usual practice, the party secretary and chairman of the Shenzhen Stock Exchange are more than one person.
"Low-key and pragmatic, rigorous and professional, talented, and aggressive", is the industry's evaluation of Chen Huaping, he has long been engaged in the futures market, capital market institutional supervision, in the capital market comprehensive deepening of the reform of the critical period, Chen Huaping took up the new Shenzhen Stock Exchange, the industry looks forward to his more achievements on the new stage.
Regulatory cadres who grow with the capital market
More than 40 days after Wang Jianjun, the former party secretary and chairman of the Shenzhen Stock Exchange, went to serve as the vice chairman of the CSRC, the Shenzhen Stock Exchange ushered in a new party secretary, a veteran of the CSRC with rich regulatory experience, who grew up with the capital market.
Chen Huaping is a regulatory cadre who grew up in the securities regulatory system, before going to the Shenzhen Stock Exchange, he served as the director of the general office of the Csrc, and previously served in the Zhengzhou Commodity Futures Exchange, the Institutional Department of the CSRC, the Office of Combating Illegal Securities Activities, and the Tianjin Securities Regulatory Bureau.
He is low-key and rigorous, highly professional, aggressive, talented, and has a good reputation in the securities regulatory system.
"He has the motivation, always rushes to the front line of reform, and can afford to bear the burden", this is the evaluation of Chen Huaping by colleagues of the CSRC. He is low-key, very insightful, in the critical period of reform, there is always a view that meets the market demand, reasonable and well-founded; he has rich regulatory experience, from front-line supervision to institutional supervision, to the development of the futures market, have "practical" experience, have ideas, ability, vigor, responsibility, personal is also very talented, not only dedicated but also professional.
After serving as director of the General Office of the Csrc, Chen Huaping rarely made public appearances. However, during the period when Zheng Shang was the first leader, he was happy to "drum" and "call" for the development of the futures market. In the term of office of the chairman of ZhengShang, Zhengshang has the largest number of futures and options listed and traded, the trading volume of major varieties ranks in the forefront of similar varieties in the world, and the market products of Zhengshang are more abundant, the structure is more reasonable, and the quality continues to improve.
ZhengShang has launched a number of futures varieties with Chinese characteristics, providing tools for the industry to find prices and manage risks, and providing price signal references for macro departments. The listing of wheat, mung bean and other futures varieties has opened the prelude to the development of the new Chinese futures market; the listing of cotton futures marks that China's futures market has entered a new stage of standardized development; the listing of PTA futures has realized the transformation of Zhengshang into a comprehensive futures exchange; the listing of methanol futures has filled the gap in China's dangerous chemical futures; the listing of apple futures marks the birth of the world's first fresh fruit futures. The launch of six world-unique futures varieties of PTA, methanol, glass, ferrosilicon, manganese silicon and apple marks the continuous enhancement of Zhengshang's innovation ability.
Not only that, Zheng Shang has also successively introduced a market maker trading mechanism on futures varieties such as thermal coal, PTA, cotton, sugar, methanol, etc., optimized the position limit standards of major varieties, studied and improved margin collection and management methods, and reduced investor transaction costs under the premise of controllable risks. Accelerate the opening up of the Zhengshang market to the outside world, and enhance the international influence of Zhengshang.
With the mission of "not forgetting the original intention, keeping the mission in mind, daring to take responsibility, and having achievements", he strives for the development of the futures market and does his best to serve the real economy.
New positions meet new missions
A regulator who has worked with Chen Huaping for many years said that he is good at promoting reform, and during his time in charge of Zheng Shang, he has made great efforts to pay close attention to product, business, supervision and technological innovation, consider comprehensively, thoughtfully considered, has a big picture view, and the details of the rules formulated are grounded and can be landed.
His excellent performance in many areas of the capital market has made Chen Huaping's Performance of the Shenzhen Stock Exchange highly anticipated. The exchange is the central link in the operation of the capital market, the Shenzhen Stock Exchange is currently building a high-quality innovative capital center and a world-class exchange on the way, how to implement the comprehensive deepening of the capital market reform and the comprehensive reform requirements of the pilot demonstration zone, consolidate the achievements of the registration system reform of the ChiNext board, and actively create conditions for steadily promoting the reform of the whole market registration system is the primary task in front of Chen Huaping.
Since the successful landing of the GEM reform and pilot registration system in August last year, as of now, there are about 240 new listed companies under the registration system, and the financing amount of IPO has exceeded 180 billion yuan. Since the merger of the main board and the small and medium-sized board in April this year, the IPO financing has reached 16.7 billion yuan since the implementation of the merger of the two boards. At the same time, foreign investors account for 5% of the circulating market value of the Shenzhen market, accounting for 8% of the transactions since the beginning of this year, and the product system of cross-border ETFs in the Shenzhen market is gradually enriched.
Standing at a new starting point, Chen Huaping has a new mission:
On the one hand, it is necessary to do a good job as a "waiter" in the capital market, enrich financial products, develop inclusive finance, improve market functions, enhance market vitality, maintain the "three gongs" order, improve the sense of gain of all parties in the market, accelerate the shaping of a global asset allocation platform with innovative market characteristics, better meet the wealth management and risk management needs of the vast number of people, and continuously improve market functions.
On the other hand, it is necessary to further promote the key tasks of the reform and development of the exchange, such as promoting the reform of the registration system, the reform of the delisting system, and improving the quality of listed companies, etc., improving the direct financing function, promoting the allocation of resources to the key areas of national support, placing the support for technological innovation, industrial innovation, and serving the national innovation development strategy in the most prominent position, adhering to the direction of marketization, rule of law, and internationalization, and making every effort to maintain the high-quality operation of the registration system of the ChiNext board, stimulate the innovation vitality of market players, and help enhance the innovation ability of enterprises. Promote the improvement of the modernization level of the industrial chain supply chain, better serve the "specialized, specialized" enterprises, and actively support the development of the private economy.
For Chen Huaping, this is to exert his fists and feet in a broader world, to contribute to the national strategy and the real economy at a deeper level and in a wider range, and the market also expects him to bring new surprises in new fields of work.
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