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Updates on corporate governance related forums and seminars
Securities and Futures Commission ("SFC"): Speech at Hong Kong Institute of Chartered Secretaries Corporate Governance Conference 2014
Carlson Tong, SFC's Chairman, gave a speech in the Hong Kong Institute of Chartered Secretaries Corporate Governance Conference 2014 stressing on the importance of developing good corporate governance.
Hong Kong SAR
Securities and Futures Commission ("SFC"): Speech at Chamber of Hong Kong Listed Companies 11th anniversary gala dinner: "Towards better corporate governance"
Carlson Tong, SFC's Chairman, gave a speech in the Chamber of Hong Kong Listed Companies 11th anniversary gala dinner. The speech focused on the corporate governance environment in Hong Kong and the ways to improve corporate governance.
Hong Kong SAR
The 13th Forum of Corporate Governance for China’s Listed Companies held in Shanghai
“The 13th Forum of Corporate Governance for China’s Listed Companies” sponsored by the Shanghai Stock Exchange and China Association for Public Companies was held in Pudong, Shanghai. Over 100 representatives from regulators, listed companies, academic circle and relevant media discussed around topics like connotation and extension, practices as well as opportunities and challenges of market value management. Liu Zhiqin, Senior Fellow of Chongyang Institute for Financial Studies, Renmin University of China (RDCY) was invited to attend this forum and delivered a speech as an academic representative. He proposed that “market value management” produced duplicate effect on the operation management and stock price of public companies and the essential purpose of market value management are to make the market return to a normal, positive, and proper position and make the abnormal stock market normalized.
Source: RDCY | Chongyang Institute for Financial Studies, Renmin University of China
Translated version by Deloitte
Mainland China
The Ministry of Finance: List of Corporate Internal Control Standard Committee was issued
The Ministry of Finance determined the Chairman, Vice Chairman, Members and Secretary General, and a new panel of advisory experts in the following list.
Source: kuaiji.com
Translated version by Deloitte
Mainland China
Seminar on Internal Control Evaluation Process and Method for Companies 2014
In order to regulate internal control information disclosure of listed companies, CSRC and the Ministry of Finance jointly issued Rules for the Information Disclosure and Reporting of Companies Offering Securities to the Public No. 21 – General Regulations for the Internal Control Evaluation Report on January 3, 2014, with the purpose of improving the quality of internal control information disclosure of listed companies.
Source: www.neikong.com
Translated version by Deloitte
Mainland China
The Fifth Forum for Risk Management of China’s Listing Companies 2014 was successfully held in Beijing
On July 19, 2014, sponsored by Corporate Law Risk Management and Research Centre of Peking University and China Times, jointly sponsored by China’s Securities Law Institute and Corporate and Company Law Research Centre of Peking University, and hosted by the Law School of Peking University, the Fifth Forum for Risk Management of China’s Listing Companies 2014 was successfully held in Peking University, with the theme of "Large risk intelligence to disrupt times".
Source: Chinalawinfo
Translated version by Deloitte
Mainland China
China Corporate Governance Index 2014 was released in Tianjin
“China Corporate Governance Index” is one of the earliest authorized governance index domestically. Since 2003, it has been viewed as the "barometer" for governance of listed companies in China. This press conference was held against the backdrop of the Third Plenary Session of the Eighteenth Communist Party of China (CPC) Central Committee, which determined the advance of national governance system and governance capability modernization as the overall goal of comprehensive reform deepening.
Source: tj.xinhuanet.com
Translated version by Deloitte
Mainland China
Corporate Governance of Listed Companies 2014 - Shenzhen Forum kicked off
The opening ceremony of Corporate Governance of Listed Companies 2014 - Shenzhen Forum took place at Shenzhen Wuzhou Guest House. With great support from Mr. Aisin Gioro Henglin, the Secretary General of the Listed Companies Association of Beijing, Mr. Yan Weiming, the Vice President of the Listed Companies Association of Shenzhen, and Mr. Yin Weidong, the President of Zhongguancun Listed Companies Association, the Forum was attended by about 880 executives of listed companies across the nation and entrepreneurs of Southern China to exchange ideas. Li Yining, the Dean of Guanghua School of Management, Peking University wrote "New Road, New Mind" to encourage and promote the development of corporate governance for Chinese listed companies.
Source: PR Newswire
Translated version by Deloitte
Mainland China
CSRC: Promote institutional investors to participate in corporate governance from six aspects
On May 13, 2014, Huang Ming, the vice director from CSRC’s Research Centre said that as low proportion of institutional investors is the important reason of the corporate governance issues, we should encourage more institutional investors to participate in corporate governance, at the Ninth Gold Roundtable Forum of the board of directors of Chinese listed companies.
Source: China Securities Regulatory Commission
Translated version by Deloitte
Mainland China
CSRC issued The Notice on Improving the Record Management and Risk Monitoring on Private Equity
On June 13, 2014, CSRC hold a news conference and Deng Ge, the press spokesman announced The Notice on Improving Record Management and Risk Monitoring on Private Equity and information disclosure standards for GEM initial offering and refinancing. CSRC announced its regulatory measures on China International Capital Corporation Limited (CICC) – the lead underwriter of Aosaikang. In addition, CSRC introduced the general development of the funds sector and the operation of securities companies in the first quarter of 2014.
Source: Securities Association of China
Translated version by Deloitte