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three departments jointly launched! csrc: correct the bad habits such as money worship, extravagance, and quick success

2024-09-02

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on september 1, the state financial supervision and administration, the people's bank of china, and the china securities regulatory commission jointly launched the 2024 "financial education promotion month" campaign.

the event is themed "finance writes a new chapter for the people, protects rights and interests and prevents risks". it takes educational activities as the entry point and finance for the people as the starting point. it will gather the strength of the entire financial industry, widely popularize financial knowledge, improve financial measures to benefit the people, improve the quality and efficiency of financial services, and promote the financial industry to better serve the modernization of the national governance system and governance capabilities.

at the launching ceremony of the event, zhou liang, member of the party committee and deputy director of the financial regulatory administration, said that the financial regulatory administration will soon jointly issue with the people's bank of china and the china securities regulatory commission the "opinions on promoting the high-quality development of financial dispute mediation work" to further strengthen the standardized governance of mediation organizations, improve the litigation and mediation coordination mechanism, and better protect the legitimate rights and interests of financial consumers.

tao ling, member of the party committee and deputy governor of the people's bank of china, said that in the next step of financial education, the people's bank of china will achieve "four closers": closer to the needs of the people, closer to the needs of the real economy, closer to the needs of preventing financial risks, and closer to the needs of china's modernization construction.

at the launching ceremony, chen huaping, member of the party committee and vice chairman of the csrc, said that the csrc system is currently promoting the high-quality development of the capital market, and investor education needs to keep pace and advance with the times. the csrc will take the opportunity of jointly carrying out activities such as the "financial education promotion month" to continuously improve the quality and effectiveness of investor education.

first, we must improve our political stance and actively play the fundamental role of investor education in insurance work. we must actively practice the political and people-oriented nature of capital market supervision, firmly grasp the fact that small and medium-sized investors account for the vast majority of the country's 225 million investors, and while strengthening the foundation and strictly supervising and managing, continue to carry out in-depth investor education work to help the majority of investors improve their rational decision-making ability and risk identification ability, and lay a solid foundation for the stable and healthy development of the capital market.

the second is to focus on key areas and improve the pertinence and effectiveness of investor education. as the market continues to develop, there are more and more complex financial products and business models, and some hidden and confusing illegal financial activities and risk factors also occur from time to time. the csrc will closely combine with reality, adhere to problem orientation, organize all parties to explain product business, publicize system rules, and remind investment risks in a concise and easy-to-understand way that investors like.

third, we must strengthen publicity on rights protection and enhance investors' awareness of the rule of law and their ability to protect their rights in accordance with the law. cultivating investors' awareness of protecting their rights in a scientific and rational manner is an important part of creating a fair and just legal environment. we must strengthen education on investor rights protection in the popularization of law, vigorously popularize legal knowledge on investors' rights and obligations and civil damages, support investors in using legal means such as litigation, arbitration and mediation to protect their own rights and interests, and create a good atmosphere in which people act in accordance with the law, seek the law when encountering problems, use the law to solve problems, and rely on the law to resolve conflicts.

fourth, we should advocate excellent culture and cultivate the industry ecology with chinese-style financial culture. good industry culture is an important foundation for the sustainable and healthy development of the financial industry, and it is also an important magic weapon to attract investors, gain the trust of investors, and let investors trade with confidence. the china securities regulatory commission will vigorously promote the chinese-style financial culture of honesty and trustworthiness, profit-making with justice, prudent and prudent, adhering to the right path and innovation, and complying with laws and regulations in the securities, funds and futures industries, and correct the bad habits of money worship, extravagance, quick success, excessive speculation, and "showing off wealth". guide practitioners to cherish their professional reputation and abide by professional ethics. gather the trust and confidence of investors with an honest, professional, clean and responsible industry image.

in recent years, the csrc has fully mobilized all forces inside and outside the system to organize and carry out education and publicity work for the general investors on a regular and long-term basis. we continue to popularize the common sense of "anti-fraud and anti-fraud" and related investment knowledge, and continue to organize the "may 15 national investor protection publicity day" and world investor week activities. we organize more than 190 securities and futures investor education bases to carry out more than 100,000 investor education activities each year. we promote the inclusion of investor education in the national education system, covering more than 5,000 schools and more than 60 million students.