The Shanghai Stock Exchange (SSE) has reported on progress made on regulatory developments in its market, one in which the role of its own self-regulation has become increasingly pronounced.
After decentralisation of some administrative and approval rights to the exchange, the SSE says it is in the process of ‘accelerating the regulatory transformation’.
Addressing one of the gripes of international investors, SSE claims to have optimised channels for information disclosure, and improved its ability of dealing with hot issues.
In the field of regulating abnormal market fluctuations, the exchange has adopted more technological self-regulatory means with the use of big data. It said that the use of technology has improved its ability in detecting clues of violations. In 2014, the exchange tackled 271 abnormal transactions and over 100 cases of insider trading and market manipulation were reported.
The exchange said it has developed and perfected the risk control mechanisms for abnormal market fluctuations and further improved relevant contingency measures.
In 2015 the SSE promises, inter alia, to reduce market costs, and focus on protecting the rights of small and medium-sized investors.