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Majority of investors and financial consumers

Majority of investors and financial consumers

Therefore, every move must be strictly regulated by regulators. Both shareholders and management qualification, the composition of the board of directors, or the proportion of capital, use of funds and related transactions are required to follow a strict system of rules and regulation, all of which must be open and transparent as the foundation. The monetary authority of Singapore former deputy director Gao Mingsheng believes that only through the qualification examination, with good integrity and no criminal record can be granted to shareholders, holds a large stake in the financial institutions, and the potential conflicts of interest be constrained by company rules and procedures. As for the financial stake in the act of holding, but should be strictly controlled, once discovered, must be cleaned out and punished (see Caixin fifth in 2017, "financial Institutional Firms governance and regulation of the road").
At the turn of the year, the financial regulatory departments in the Commission as the representative has issued in order to combat financial regulatory arbitrage forte. Following his famous "Fairy" theory, the morning of January 3rd, chairman of the Commission in the work of Liu Shiyu stressed that research challenges to punish law of capital predators, wolves catch rats, dare sword, keep the capital market in order to effectively prevent the risk of capital market, effectively promoting the development of capital market; in February 9th, the China Insurance Regulatory Commission Vice President Chen Wenhui also said that individual Institutional Firms governance useless, lack of effective control of major shareholders, occupation managers perform their duties are not in place. Have a profound reflection, to avoid repeating the same mistake; since last year, the central bank for the relevant provisions of the third party payment of Internet banking, and financial information management also gradually introduced. All this shows the central rectify financial order determination, and unjammable interest groups and external factors and shaken.

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