On April 11, 2011, the 12th Joint Conference of Sponsors was held by Shenzhen Stock Exchange inChongqing. With the theme of “Enhancing Internal Review of Sponsorship and Fulfilling Responsibilities for Continuous Supervision”, this conference aims to improve the internal control, risk control, quality evaluation and continuous supervision system of sponsors, improve the practice level and standards of the sponsors, and finally improve the quality of the listed companies from the source. As discussed at the meeting, the sponsors need to further identify the current situations, strengthen the awareness of opportunity, awareness of concern, awareness of risk and awareness of responsibility, preclude significant problems and avoid systematic risk. In particular, the sponsors need to combine continuous supervision with listing sponsorship, enhance the internal review, risk control and quality control, and boost the sustainable and healthy development of listed companies. In addition, the participants discussed several other important topics, including how to promote the accountability of sponsors, the existing problems in the sponsorship, and how to fulfill the responsibilities for continuous supervision and improve the internal review system. The outstanding sponsors for 2010 and the winners of the article contribution for “sharing of experiences in sponsor internal review and continuous supervision” were also awarded at the meeting. This has been the 12th Joint Conference of Sponsors held by Shenzhen Stock Exchange since 2000. This meeting, supported by CSRC Chongqing Bureau and with Southwest Securities Co., Ltd. acting as the chairman on duty, was attended by near 200 representatives from the CSRC departments, SME Fostering and Development Commission of Shenzhen Stock Exchange Council, sponsors, law firms and accounting firms. Mr. Chen Dongzheng, chairman of Shenzhen Stock Exchange Council, and Mr. Ling Yueming, vice major ofChongqing, attended and made a speech at the meeting.
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FTSE Mondo Visione Exchanges Index:
Enhancing Internal Review Of Sponsorship And Fulfilling Responsibilities For Continuous Supervision - Shenzhen Stock Exchange To HoldTthe 12th Joint Conference Of Sponsors
Date 12/04/2011