Anonymous China

2015年11月2日星期一

Party Central Discipline Inspection Commission doubts whether stocks: four categories of people can not buy and sell stocks

About "party can not stock" such problems, the Central Commission for Discipline Inspection said Mason, director of legislation introduced today, master insider information staff party and government organs and other four categories of personnel shall not trading stock.
The CPC Central Committee recently issued the "Guidelines for the Communist Party of China self-discipline" and "Chinese Communist Party Disciplinary Regulations." Both the party involved in the drafting of legislation by the Central Commission for Discipline Inspection and regulations Mason, director, netizens concerned about the related issues of the "Regulations" interpretation.
Mason said, the "Chinese Communist Party Disciplinary Regulations," Article 88 is a violation of the relevant provisions of punishment provisions on engaging in business activities behavior. Among them, item 3 will "carry on buying and selling stocks or other securities investments" as one disciplinary case listed.
On the sale of the stock issue, Mason said introduced in October 1993, the State Council has made provisions for party and government organs county (division) level leading cadres above are not allowed to buy and sell stocks. At that time in the national stock market regulatory mechanisms are still inadequate historical conditions, the provision for the promotion of party and government leading cadres are clean, to ensure the healthy development of the securities market has played a very important role.
With gradually improve China's securities industry regulatory system, especially the "Securities Act" was promulgated, supervision and management of the securities market more standardized. To this end, in April 2001 the State Council decided to relax restrictions on the party and government organs stock trading regulations, introduced the "number of provisions regarding individual securities investment behavior of party and government organs."
He explained that under this provision, mainly the following categories shall not trade stocks:
- Administrations administrations listed companies as well as state-controlled listed companies in the master unit insider information and their parents, spouse, children and their spouses are not allowed to buy or sell such administrations manage shares of listed companies.
- The securities regulatory authority under the State Council and its agencies, staff exchange and futures exchanges and their parents, spouse, children and their spouses are not allowed to buy and sell stocks.
- My parents, spouse, children and their spouses in securities companies, fund management companies serving, or in the securities and futures accounting qualification awarded by the State Council securities regulatory authority (audit) division firms, law firms, investment advisory institutions, asset evaluation agencies, credit rating agencies serving, these party and government organs must not deal with these institutions have business relationship with the listed company stock.
- Grasp the party and government organs inside information, to leave their posts within three months, continue to be bound by the provision. Because of the new party and government organs to master duties of staff inside information, stocks and securities investment funds held office before the process must be made within one month after the office, can not continue to hold.

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