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Investment Note: Gem Is A Heavy Loss For Retail Investors.

2012/3/24 21:49:00 8

The role of appropriateness management in guiding rational investment and protecting investors has not been fully realized. Appropriate management has a long way to go.

Talking about the reasons, Song Liping believes that the proportion of new accounts opened by some brokerages at the same time is even higher than 80%.

Retail market structure will exist for a long time.

Song Liping emphasized that China's capital market should take

Individual investor

The main pattern will last for a long time. The whole industry should attach great importance to the construction of an appropriate management system and strengthen the protection of investors' rights and interests.

She also suggested that brokers should strengthen innovation and develop innovative products such as corporate bonds, private debt and so on for different investors.

Song Liping pointed out that deepening the management of securities market appropriateness is of great significance.

She said that deepening the appropriate management and strengthening the guidance of investors can effectively curb the stock market speculation.

According to the Shenzhen stock exchange data, most of the first day of the new stock market are individual investors, and most of them are out of business.

On the other hand, Song Liping believes that deepening the management of appropriateness and strengthening the guidance of investors can enhance the weak links of capital market services for small and micro enterprises, "three rural" and cultural enterprises.

She further pointed out that the recent hot private debt of small and medium enterprises is an effective way to solve the financing difficulties of unlisted SMEs and guide private interest lending.

"But the market risk of such products is high. Only by properly controlling risks, properly managing the private debt of small and medium-sized enterprises, and strictly limiting the scope of investors to investors with risk tolerance and management ability, can they continue to play their supporting role in small and micro enterprises."

Song Liping stressed that deepening the management of appropriateness and strengthening investors.

Classified guidance

This will help stabilize the capital market.

"China's capital market still has certain particularities, the direct participation of individual investors is high, the number of investors is huge, and simple market risks are easy to brew into social risks."

Securities companies should strengthen customer classification management

Song Liping suggested that brokers should further improve their identity, financial, knowledge and trading experience and other information, strengthen customer classification, and then strengthen targeted guidance and management of different types of customers.

For example, the key big clients should strengthen the management of paction behavior and avoid unconsciously violating the relevant laws and regulations. For small investors of individual strength, we should strengthen risk disclosure, ensure information delivery, provide more low risk investment alternatives, guide rational investment, and reduce the allocation and participation of high-risk products or markets.

Song Liping said,

Broker

There are still many areas for further improvement.

For example, there are some worries about the customer liaison work of a few members. More than 20% of the customers fail because of invalid contact. The proportion of new accounts opened by some member customers at the same time is even higher than 80%. This indicates that some members may be short of risk hints for opening new business pactions to new customers.

Song Liping emphasized that in addition to the interpretation of risks described in the risk disclosure book and the delivery of risk hints to the exchange, members should actively disclose their risks to customers, and need to combine the characteristics of customers to continuously improve the effectiveness and pertinence of risk disclosure.

She suggested that securities companies should strengthen innovation and provide more investment products for customers.

"For example, this year's survey shows that 51% of respondents expressed willingness to buy corporate bonds," he said.