SSE Released the Action Plan on Further Leveraging the Functions of the Exchange and Guiding the Industry to Practice Financial Culture with Chinese Characteristics

Shanghai Stock Exchange (SSE) today releases the Action Plan on Further Leveraging the Functions of the Exchange and Guiding the Industry to Practice Financial Culture with Chinese Characteristics (hereinafter referred to as the Action Plan) to financial institutions. The Action Plan is formulated to thoroughly implement the guiding principles of the Third Plenary Session of the 20th CPC Central Committee and the Central Financial Work Conference, promote the implementation of Several Opinions on Strengthening Supervision, Preventing Risks and Promoting High-Quality Development of the Capital Market and the relevant arrangements of the CPC Committee of China Securities Regulatory Commission. It aims to guide financial institutions, mainly securities firms and fund management companies, to adhere to the people-centered value, uphold the political nature and public features of the capital market, carry forward excellent traditional Chinese culture, practice the financial culture with Chinese characteristics of "Five Dos and Five Don'ts", properly handle the relationship between functionality and profitability, and facilitate the high-quality development of the capital market.

Guided by the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the Action Plan focuses on carrying forward and practicing financial culture with Chinese characteristics based on the functions of the exchange. It centers on leading the moral outlook of honesty and trustworthiness, fostering the philosophy of seeking profit through righteousness, cultivating a sound and prudent view of risks, stimulating the development concept of breaking new ground, and consolidating the governance principle of compliance with laws and regulations. It will guide financial institutions to firmly uphold the correct direction of cultural development, adhere to the sense of responsibility for serving the country through finance and a people-oriented mindset, making "Five Dos and Five Don'ts" the underlying principles of their main responsibilities and businesses, and serve as the practitioner, leader, and spreader of financial culture with Chinese characteristics.

Going forward, the SSE will guide financial institutions to make joint efforts to strengthen implementation. Special activities will be arranged on financial culture with Chinese characteristics to promote the implementation of various measures in the Action Plan and align the thought, value and action of financial institutions and practitioners on financial culture with Chinese characteristics.