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Professional Committees
 
  Advisory Committee
  Securities Brokerage Committee
  Investment Banking Committee
  Asset Management Committee
  Securities Analysts and Investment Advisers
  Securities Companies Compliance Committee
  Finance, Accounting and Risk Control
  Innovation and Development Strategy
  International Cooperation Committee
  Securities Credit Rating Committee
  Human Resources Management
  Information Technology Committee
  Securities Dispute Mediation Committee
  Self-regulation Oversight Committee
  Self-regulation Coordination Committee
  Direct Investment Committee
 
 
Professional Committees

SAC attaches great importance to the development of professional committees and established 19 professional committees for Securities Brokerage, Investment Banking, Asset Management, Securities Analysts and Investment Advisers, Securities Companies Compliance, Finance, Accounting and Risk Control, Innovation and Development Strategy, Securities Credit Rating, Human Resources Management, Information Technology, Securities Mediation, Self-regulation Oversight, Self-regulation Coordination, Direct Investment, Fixed Income, OTC Market, Depository and Clearing, Securities Investment Advisory and International Cooperation respectively. These professional committees have covered most of members’ key business and management functions. The purpose of SAC professional committees is to serve as a platform for communication, discussion and handling of related matters among its members.

Advisory Committee

The main duties of the Committee include: investigating and researching major issues in the development of the securities industry to provide SAC with up-to-date information and suggestions; assisting SAC in making development plans, self-regulatory rules and business standards; and under the instruction of SAC, providing advice on new business development and new technology introduction of the industry.

Securities Brokerage Committee

The Committee’s main duties include: researching and developing self-regulatory rules related to brokerage activities, reviewing, assessing and revising existing self-regulatory rules; assessing the implementation of the laws, regulations and supervisory policies related to brokerage activities and providing suggestions for amendments thereto; researching major frontier issues in the brokerage sector; organizing regular exchange and training programs within the sector; and participating in the inspection of practice in the sector. 

Investment Banking Committee

The Committee’s main duties include: developing self-regulatory rules governing investment banking services; reinforcing self-regulation of sponsorship and underwriting activities to support the IPO system reform carried out by CSRC; facilitating exchanges regarding investment banking services, making active efforts to carry out research on common investment banking issues; and promoting the reform and innovation of investment banking activities.

Asset Management Committee
The Committee’s main duties include: assessing, revising and establishing self-regulatory rules of SAC governing the asset management services of securities firms, developing a self-regulatory framework for the asset management services of securities firms; surveying asset management activities carried out in the industry, and providing suggestions for policies regarding the development of the industry; carrying out self-regulatory inspection of the asset management services of securities firms; and providing supervision over and guidance for the filing of products.

Securities Analysts and Investment Advisers Committee
The Committee’s main duties include: enhancing self-regulation of securities analysts and investment advisers, researching and establishing relevant self-regulatory rules and practice standards, and boosting the level of practice of securities analysts and investment advisers; and facilitating exchanges among securities analysts and investment advisers, reporting their opinions and suggestions, protecting their lawful rights and interests and aiding their career development.

Securities Companies Compliance Committee
The Committee’s main duties include: researching and arranging securities firms’ compliance management initiatives, establishing self-regulatory rules related to compliance management, organizing exchange and training programs, discussing new trends and issues in the compliance management sector, and proposing solutions accordingly.

Finance, Accounting and Risk Control Committee
The Committee’s main duties include: making appropriate self-regulatory rules consistent with the requirements on the financial management, accounting and risk control management of securities firms, assessing the implementation of relevant laws and regulations and providing suggestions for amendments thereto; participating in the making and revision of regulator’s policies and bringing into play the role of industry experts; organizing exchange and training programs to improve the level of management with respect to financial management, accounting and risk control in the industry; carrying out in-depth research on frontier issues in financial management, accounting and risk control to produce research reports; participating in the inspection of practice in relevant sectors.

Innovation and Development Strategy Committee
The Committee’s main duties include: carrying out research on major issues in the development of the industry, cross-industry, cross-category, cross-business scope business activities involved in product and service innovation, and issues concerning regional market organizations and OTC market; providing opinions and suggestions for the design and assessment of relevant arrangements and issues in the development of the industry; organizing innovation assessment, promoting excellent innovation results and steering industry innovation; facilitating exchanges among domestic securities dealers as well as between them and foreign securities dealers and large clients; and coordinating innovation efforts with other specialized committees.

International Cooperation Committee
The Committee’s main duties include: assisting regulators by providing policy-making support; establishing an assessment mechanism and competition strategies; helping Chinese enterprises to go global; and reinforcing international communications to promote talent pool development.

Securities Credit Rating Committee
The Committee’s main duties include: improving the system of self-regulation in the securities industry, furthering the cooperation between credit rating agencies and other institutions in the securities markets, researching and solving common issues in credit rating activities, and facilitating the standardized development of the industry.

Human Resources Management
The Committee’s main duties include: reviewing and revising self-regulatory rules related to the administration of securities practitioners, assessing the implementation of relevant laws and regulations and providing suggestions for amendments thereto; researching hot button issues concerning human resources management in the industry, exploring human resources management modes adaptable to the new development trends of the capital market and the securities industry; and organizing exchange and training programs to promote human resources management capability of the industry.

Information Technology Committee
The Committee’s main duties include: researching the latest trends in information technology and applying new technology to the securities market; developing standards for industry information technology security and application of information technology in the industry to promote the innovative development of the industry.

Securities Dispute Mediation Committee
The Committee’s main duties include: establishing self-regulatory rules related to dispute mediation, reinforcing exchanges over securities dispute mediation within the industry, organizing training programs for mediators and strengthening research on hot button issues regarding securities dispute mediation

Self-regulation Oversight Committee
To formulate and improve the
substantive rules, organizational rules and procedural rules for self-regulatory supervision; to reinforce the industry self-regulation, promote the industry integrity enhancement,
and play an important role in the industry self-regulation.

Self-regulation Coordination Committee
The Committee’s main duties include: developing and improving the substantive rules, organizational rules and procedural rules governing self-regulatory oversight; strengthening industry self-regulation, taking disciplinary action and self-regulatory measures against the members and practitioners who have violated the “Articles of Association” and self-regulatory rules; promoting industry-wide integrity development. 

Direct Investment Committee

The Committee’s main duties include: creating a favorable external environment for the development of direct investment business, putting more efforts into research on the direct investment business of securities firms, promoting a positive image of the direct investment business to guide public opinions; developing and improving working mechanism and increasing the sense of self-regulation; and assessing, improving, interpreting and amending existing self-regulatory rules to guide the sound and steady development of securities firms’ direct investment business.

Fixed Income Committee

The Committee’s main duties include: expanding the coverage of the fixed income business of Chinese securities firms and defining the future development direction of the fixed income business; promoting the interconnectedness between the exchange-traded bond market and the interbank bond market in China and improving the efficiency of China’s bond market; enhancing the financing capability of securities firms; facilitating the development of the industry’s talent pool; reinforcing exchanges and training among different sectors to effectively facilitate the innovative development of the fixed income business of securities firms.

Depository and Clearing Committee

The Committee’s main duties include: establishing self-regulatory rules concerning the fundamental depository and clearing roles of securities firms, assessing the implementation of relevant laws and regulations and providing suggestions for amendments thereto; exploring a depository and clearing system consistent with the private placement market to prepare specific operating plans; providing opinions and suggestions to further improve the depository and clearing system of public placement markets; and organizing exchanges within the industry and strengthening training at home and abroad to reinforce the fundamental depository and clearing functions of securities firms.

Securities Investment Advisory Committee

The Committee’s main duties include: researching and exploring the future development direction and approach of securities investment advisory institutions; developing, evaluating and improving the relevant supervisory rules for investment advisory services in the securities and futures markets and promoting the design of fundamental arrangements for the development of securities investment advisory institutions; organizing regular exchange and training programs to accelerate the transformation and development of securities investment advisory institutions.

 

 




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