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Media Coverage
Gui Minjie Holds Concurrent Posts of CFFEX Party Chief, Chairman
On June 29, China Financial Futures Exchange (CFFEX) held a plenary meeting. At the meeting, Guo Shuqing, Party Chief and Chairman of China Securities Regulatory Commission (CSRC), made an important speech. He announced a decision by the CSRC Party Committee that Gui Minjie held the concurrent post of Party Chief of CFFEX. According to the nomination of the CSRC Party Committee, CFFEX held the directorate meeting, at which Gui Minjie was elected as Chairman of CFFEX according to legal procedures.
Guo pointed out in his speech that the decision of the CSRC Party Committee was a good reflection of CSRC’s high recognition of CFFEX. According to Guo, since the establishment in 2006, CFFEX, adhering to the requirements of the CSRC Party Committee and taking steady development and safe operation of stock index futures as the main objective, has been devoting itself to preventing the market from systematic risks and guiding investors for orderly participation in investment. As a result, it plays an increasingly important role in giving play to the market functions, rationalizing the structure of investors, and propelling the sound and stable development of the capital market.
Guo also said that the financial derivatives market, an important part of the Chinese capital market, undertook arduous tasks for serving the real economy, promoting the financial market-oriented construction, and safeguarding the national financial security. CFFEX should improve its systems and governance structure to realize an organic combination of the corporate governance and the central role of Party committee officials. Besides, it should fulfill the duties of market organization and daily regulation to ensure the steady development of stock index futures and expand the influence of market functions. Moreover, it should make relevant preparations for treasury bond futures, improve services and operational efficiency, and enhance international competitive power, thus contributing more to the stable development of China’s capital market.
Among those present at the meeting were Wu Lijun, Member of the Party Committee and Assistant Chairman of CSRC, all members of the Board of Directors, and the Supervisory Committee of CFFEX as well as Zhu Yuchen, Deputy Party Chief and CEO of CFFEX who presided over the meeting.
