news

shanghai securities regulatory bureau: further deepen reform in an all-round way and strengthen the role of regulatory policies in supporting technological innovation

2024-09-13

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

at the municipal government press conference held on september 13, the municipal party committee financial office introduced the "shanghai high-quality promotion of global financial technology center construction action plan" recently issued by the municipal government. relevant personnel from the shanghai securities regulatory bureau said at the meeting that the release of the "action plan" provides policy support for the development of financial technology in the shanghai capital market, which is of great significance for promoting the virtuous cycle of "technology-industry-finance" and helping shanghai build an international financial center and a science and technology innovation center.

relevant persons from the shanghai securities regulatory bureau stated that in the next step, the shanghai securities regulatory bureau will coordinate with relevant departments of shanghai to conscientiously implement the spirit of the third plenary session of the 20th cpc central committee and the central financial work conference, and in accordance with the arrangements of the china securities regulatory commission on preventing risks, strengthening supervision and promoting high-quality development, give full play to the strategic guiding role of the "action plan", further comprehensively deepen reforms, and strengthen the role of regulatory policies in supporting scientific and technological innovation.

first, we will continue to promote the digital transformation of shanghai's securities and futures industry, promote big data,cloud computingaiwe will implement the application of new-generation information technologies in the shanghai capital market, actively use digital technologies to improve financial service capabilities; vigorously develop regulatory technology and smart regulatory applications, and accelerate the improvement of a three-dimensional, full-coverage financial regulatory system.

secondly, we will support the high-level development of financial technology companies with greater efforts, give priority to supporting technology-based companies that have made breakthroughs in key core technologies in listing financing, mergers and acquisitions, and bond issuance, improve the "green channel" mechanism for the entire chain, and actively serve the national strategy of high-level scientific and technological self-reliance; guide financial institutions to make coordinated use of equity, debt and other means to provide technology-based companies with full-chain, full-life cycle financial services.

the third is to strengthen communication and cooperation, and work with the shanghai municipal party committee financial office and other departments to deepen policy coordination and implementation, strengthen the coordination and cooperation between financial policies and employment, industry, investment, consumption, foreign trade, environmental protection, regional and other policies, and focus on the high-quality development of financial technology and high-level security and healthy interaction, to more effectively support shanghai in accelerating the construction of the "five centers."

it is reported that in recent years, under the leadership of the china securities regulatory commission, the shanghai securities regulatory bureau has always actively supported the high-quality development of financial technology in its jurisdiction and effectively implemented various reform and development measures in the capital market.

first, explore the system and mechanism of financial technology innovation and strengthen the support role of regulatory policies for technological innovation. since the launch of the first batch of projects in the 2022 capital market financial technology innovation pilot (shanghai), 28 pilot projects are being steadily promoted and operated, involving emerging technologies including artificial intelligence,blockchain, cloud computing, etc. the project types cover five categories: business innovation, technological innovation, technology empowerment, public services and data sharing. the total number of projects and project types rank first among all pilot areas in the country.

second, we will build a safe and efficient infrastructure to support the digital transformation and upgrading of the financial factor market. as a national blockchain innovation pilot, a china securities regulatory commission blockchain innovation pilot, and a capital market financial technology innovation pilot unit, the shanghai stock exchange center has completed the construction of its own "guyi chain" platform, and achieved docking with the regulatory chain, creating four types of innovative application scenarios such as "blockchain + registration and custody", and took the lead in applying did distributed digital identity in the regional equity market, creating a precedent for the credit reporting platform to serve the regional equity market.

third, support financial technology companies to make full use of multi-level capital markets for financing. the shanghai securities regulatory bureau conscientiously implements the "eight measures for the science and technology innovation board" and "sixteen measures for science and technology enterprises" and other policies, and jointly with the municipal party committee financial office and other departments to deepen the "pujiang light" action and strengthen the discovery and cultivation of high-quality financial technology companies. deepen the pilot of private equity and venture capital share transfer, promote the implementation of the pilot of comprehensive service for stock warrants in the regional equity market in shanghai, cooperate with the pilot of physical distribution of stocks by private equity venture capital funds, and support financial technology companies to become bigger and stronger.