SSE Releases List of Practical Initiatives for the Market in 2025
Based on careful research of various market demands and key tasks of the year, Shanghai Stock Exchange (SSE) today released the List of SSE Practical Initiatives for the Market in 2025 (hereinafter referred to as the List), in a bid to fully implement the Regulations on Addressing Unnecessary Formalities to Reduce Grassroots-level Burdens (courtesy translation, for reference only) released by the General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council, as well as decisions made by the CPC Party Committee of China Securities Regulatory Commission, and to keep delivering on the "open-door review, regulation and service" commitment.
The List comprises 10 initiatives across 5 areas, covering listing and review, corporate oversight, product innovation, market service, information technology and other major business lines, all pointing to the most pressing and thorny issues in market spotlight. First is enhancing public communication to achieve higher transparency in review and oversight. The List calls for addressing questions of similar nature regarding one sponsor's multiple projects in one visit and following up more closely on matters raised in consulting phone calls. It also requires holding quarterly bond market policy briefings and enabling online browsing of business rules. Second is keeping product development to meet varying investment needs. This includes compiling dividend indices such as SSE Dividend Growth Index and fixed-income indices such as SSE Local Government Bond Index, as well as vigorously developing related index products. Third is improving service quality and efficiency to be a good public servant to the market. It is required to extend "Capital Market Comprehensive Service Week" initiative to top 100 counties and key industrial parks, develop a section on "Xingqihang Platform" dedicated to enterprise services in key areas, launch the SSE "Service Appointments All-in-One", optimize the "Request Acceptance Center" section on SSE website, improve the English website, enhance the roadshow center's capability to make international promotions, and further improve the visit booking services at China Securities Museum. Fourth is promoting digitization of business procedures to enhance efficiency. According to the List, relevant procedures and systems will be integrated to facilitate "one-stop online" disclosure by listed companies. A pilot of "one-click" mobile voting at shareholder meetings of listed companies will be launched. Fifth is cutting fees for the benefit of various market participants. Around 965 million yuan of fees is estimated to be reduced in 2025, covering listing, bond trading and other types of market services.
The SSE stays committed to the principle of putting people's interest first. Our crucial goal is to make all parties of the market feel a greater sense of gain and satisfaction. For three consecutive years, the SSE has launched practical initiatives and took effective measures to respond to requests from various parties. The SSE welcomes comments and suggestions from market participants upon the release of the List. We will act in the spirit of a diligent public servant and provide higher-quality services up to market expectations and standards, thus collectively contributing to the high-quality development of the SSE market.
Annexes:
1.Notice on Releasing the List of SSE Practical Initiatives for the Market in 2025