The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express regulatory departments, express delivery operators, media practitioners, express upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan)
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|Comprehensive Securities Times information
| Express Ecosystem Information Group
On April 29, the relevant person in charge of the Listing Department of the China Securities Regulatory Commission said at the parallel forum of the Zhongguancun Forum "ESG Helps Build a Beautiful China" that the China Securities Regulatory Commission will continue to evaluate the adaptability of the "Guidelines for Sustainable Development Reporting of Listed Companies" (hereinafter referred to as the "Guidelines"), further improve the rules in light of the actual situation, and study and promote more companies to disclose their sustainability reports. At the same time, listed companies cannot mislead investors by providing inaccurate information through the "coat" of ESG, and the CSRC will continue to improve its regulatory capabilities and continue to strengthen supervision.
The relevant person in charge of the Listing Department of the China Securities Regulatory Commission pointed out that the capital market has always attached great importance to guiding listed companies to improve their performance in environment, social responsibility and corporate governance, and required listed companies to disclose environmental information in their annual reports in accordance with the law. In 2023, nearly 1,800 listed companies disclosed sustainability-related reports, a record number, and more than 3,000 companies disclosed the measures and effects they have taken to reduce carbon emissions, accounting for more than 60%.
The China Securities Regulatory Commission (CSRC) recently guided the Shanghai and Shenzhen North Stock Exchanges to formulate the "Guidelines", which further upgraded and "integrated" the requirements for the disclosure of sustainable information in the early stage, systematically standardized the disclosure of sustainable development reports of listed companies, and opened a new stage in the field of sustainable development in mainland China.
The relevant person in charge of the Listing Department of the China Securities Regulatory Commission said that the Guidelines generally draw on the four-element disclosure framework, namely "governance", "strategy", "impact, risk and opportunity management" and "indicators and objectives", and clarify that financially important issues need to be disclosed in accordance with the four-element framework, so as to promote listed companies to promote better internal governance and specific actions to drive high-quality information disclosure. At the same time, the issue of climate change with a high degree of international consensus is a priority in the Guidelines, and the main disclosure requirements are basically consistent with various international rules, so as to achieve better compatibility and connectivity. At the same time, it fully combines the characteristics of national conditions, fully considers the key concerns of development at this stage, and clarifies 21 specific topics in three aspects: environment, society and corporate governance, including pollution control, greenhouse gas emission control, comprehensive rural revitalization, and timely payment of small and medium-sized enterprises. The Guidelines also set mandatory disclosure requirements for major index constituent companies and companies listed at home and abroad, and encourage and support voluntary disclosure for other listed companies, but at the same time require that voluntary disclosure must comply with the provisions of the Guidelines, so as to standardize the order of information disclosure and enhance comparability.
The relevant person in charge of the Listing Department of the China Securities Regulatory Commission pointed out that three points are crucial to better promote the development of ESG.
The first is to promote development through consensus-building. Due to the wide range of ESG disclosure, the increasing difficulty, and the gradual deepening of understanding in all aspects, there is still a lot of discussion about ESG in the market. For example, whether Scope 3 carbon emissions must be disclosed, whether the four-factor disclosure framework applies to issues of impact materiality, and the boundaries and accounting of value chain impacts. These follow-up studies are still needed, and exploration should be strengthened in practice, and consensus should be further built. The SFC will also continue to assess the suitability of the Guidelines, further improve the rules in light of the actual situation, and study and promote more companies to disclose their sustainability reports.
The second is to promote development while strengthening norms. The Guidelines are a "syllabus" for the disclosure of sustainable information by listed companies, not extracurricular reading materials. Since it is an "examination syllabus", it is inevitable to accept "invigilation" to prevent cheating and "greenwashing". For most listed companies, sustainability reporting is not mandatory, but it does not mean that it can be disclosed at will. Companies should not use announcements as "advertisements" and ESG disclosures as a means of brand marketing, and mislead investors by over-packaging ESG "cloaks" and providing inaccurate information. In the early stage, there have been many cases where the CSRC has been punished or taken regulatory measures due to untrue and inaccurate environmental information disclosure, and the CSRC will continue to improve its regulatory capabilities and continue to strengthen supervision.
The third is to promote development in a sound ecology. The development of ESG is a systematic project, which requires not only information disclosure, but also back-end assurance, rating, investment, etc., to form positive incentives, so that companies that do well can attract more medium and long-term funds and reduce financing costs. The capital market is an important platform for ESG development, and the CSRC will work with relevant departments to strengthen the training of listed companies, promote the external verification and assurance of ESG information, continue to improve the accuracy and disclosure quality of ESG data of listed companies, support credit rating agencies to continue to establish and improve the rating methodology system of green enterprises and green bonds, promote increased ESG investment, launch more index and fund products, and promote a virtuous cycle with a more sound ESG ecosystem.
The relevant person in charge of the Listing Department of the China Securities Regulatory Commission said that ESG is an important starting point to guide listed companies to enhance their awareness of green and low-carbon development and support the construction of a beautiful China, and it is also an effective tool to prevent tail investment risks and improve investors' medium and long-term returns. High-quality listed companies that have achieved outstanding results in green and low-carbon development should also demonstrate the great contributions made by Chinese enterprises to climate change and green and low-carbon transformation through better information disclosure.
Express ecosystem
It has been settled on the following platforms
Snowball | Straight flush | Oriental Fortune | Futu |
Weibo | Today's headlines | Zhihu | Penguin
Tik Tok | Xiaohongshu|Kuaishou|Video number|Himalayas
Twitter|ins|YouTube|Station B
Recently, the stock market continues to fluctuate, some criminals illegally make profits, harming the legitimate rights and interests of investors, I will increase the supervision of trading behavior, enrich the means of clue screening, make overall arrangements for special verification, strengthen the "penetrating" transaction monitoring, use multi-dimensional technical means to collect market intelligence, and carry out joint research and judgment with the Ministry of Public Security, and find a number of cases suspected of manipulating the market and malicious shorting.
An illegal gang controlled more than 100 securities accounts to manipulate a certain stock, used continuous pulling, reverse trading and other methods to affect the stock price, and then waited for the opportunity to clear the stock and smash the shipment, resulting in a flash crash and continuous decline in the price of individual stocks, with a total of 2.7 billion yuan sold and an illegal profit of about 130 million yuan.
The actual controller of an investment institution manipulated the prices of more than 20 stocks by suppressing stock prices, absorbing chips at a low level, and continuously pulling up, resulting in rapid fluctuations in the prices of individual stocks, and even extreme markets such as "sky flooring" within a day, from which the transaction illegally profited 140 million yuan.
A certain lawbreaker took advantage of his capital advantage and used hundreds of millions of yuan to frequently make false declarations for many futures products on the futures exchange, creating a false impression of trading, deceiving other investors, and taking the opportunity to sell them for a profit of more than 4,000 yuan.
The China Securities Regulatory Commission (CSRC) insists on responding quickly and resolutely investigating and dealing with illegal acts that affect the stable operation of the stock market and harm the legitimate rights and interests of investors.
Manipulating the market to maliciously short-sell, seriously eroding the people's "money bags", has stood on the opposite side of all stockholders, disrupting the normal rhythm of the healthy and stable operation of the stock market. The China Securities Regulatory Commission will maintain a high-pressure posture of "zero tolerance", resolutely crack down, and let those who dare to illegally manipulate and maliciously short sellers "go bankrupt and sit in prison". In this warning, don't defy the law and take the chestnut from the fire.
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The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express supervision departments, express logistics operators, media practitioners, express logistics upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan.
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The publication of this article is for the purpose of conveying more information, which does not mean that it agrees with its views or confirms its description, and does not make any guarantee for its authenticity, accuracy, completeness and appropriateness of use.
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