Li Chao, vice chairman of the China Securities Regulatory Commission, announced on the morning of May 15 the establishment of 515 National Investor Protection Publicity Day. The China Securities Regulatory Commission will organize and mobilize all parties to actively carry out various investor protection publicity activities nationwide on May 15 each year.

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Securities Daily front page comment: A detail circumstantial evidence “Respect for Investors” The Securities Regulatory Commission does not just talk about it

“Listed companies must respect investors, reward investors, and actively practice equity culture. Listed companies and investors are a symbiosis of the market. Only a listed company that knows how to respect and reward investors will win the recognition and respect of the market. "Recently, the chairman of the China Securities Regulatory Commission said that listed companies should "revere investors". The author believes that as the first leader of the China Securities Regulatory Commission’s Investor Protection Work Leading Group, the chairman of the China Securities Regulatory Commission, Yi Huiman, put forward "Respect for Investors" and raised investor protection to a new level.

Open the website of the China Securities Regulatory Commission, in the most prominent position on the homepage, "protecting the legitimate rights and interests of investors, especially small and medium investors" comes into view. This detail also proves from the side that the China Securities Regulatory Commission The importance of investor protection is not just a verbal statement. Because protecting the legitimate rights and interests of the majority of small and medium investors is directly related to the vital interests of hundreds of millions of people, the healthy and stable operation of the capital market, and the fundamental guarantee for the capital market to serve the development of the real economy. Therefore, to build a resilient capital market, we must first do a good job in investor protection.

In fact, many problems in the market are related to lack of awe to investors. For example: some qualified listed companies do not pay dividends all the year round; some major shareholders use their own control power to reach out to listed companies and use illegal guarantees, capital appropriation and other means to empty listed companies; some listed companies lack social responsibility, Illegal pollutant discharge, manufacturing and marketing of fake and inferior products, have a bad impact…… these behaviors infringe on the interests of listed companies and investors, and cause harm to public interests. In fact, they are not awe-inspiring to investors, and they are ultimately used by investors“ Feet voting”. This behavior not only damages the company’s reputation, it is not conducive to the sustainable development of listed companies, and it is even more detrimental to the healthy development of the capital market.

Therefore, the supervisor’s proposal of "Respect Investors" this time has practical significance. Only in awe of investors can we better protect investors. To protect investors is to protect the stock market. Without a sound investor protection system, it is impossible for the stock market to develop healthily.

Because my country’s capital market is dominated by small and medium investors. As of the end of March this year, the number of investors in my country's capital market has exceeded 150 million, with natural person investors accounting for 99.46%, and 99.2% of natural person investors holding a stock market value of less than 3 million yuan. The majority of small and medium investors are still an important force in my country's capital market. Highly dispersed small and medium investors are independent individuals in the securities market, and it is difficult for them to gather together to form an overall force to protect their own legal rights and interests. They have natural weaknesses in terms of professional knowledge, information acquisition, and risk tolerance.

Therefore, the China Securities Regulatory Commission has always attached great importance to the protection of investors, especially small and medium investors, and has launched a series of investment protection in terms of system construction, education services, and rights exercise. Innovative measures of the creators. For example, on May 22 last year, the China Investor Network was officially launched and the majority of investors in the capital market had their own websites. The website has not only become an official platform for investors to provide information and inquiries, but also an important channel for investors to carry out online and offline shareholding exercises, dispute mediation, litigation and support litigation. An important platform for rights protection.

At present, my country’s capital market “full chain” investor protection system has basically taken shape. The Investor Protection Bureau of the China Securities Regulatory Commission, the China Securities Investor Protection Fund Corporation (abbreviated as "Insurance Fund"), and China Securities Small and Medium Investor Service Center Co., Ltd. (abbreviated as "Investment Service Center"), jointly established the “ The "One Body, Two Wings" investor protection system has played an active role in protecting the rights and interests of investors. "One" is the Investor Protection Bureau of China Securities Regulatory Commission, and "Two Wings" are investment funds and investment service centers. That is, the Investor Protection Bureau takes the lead on behalf of the China Securities Regulatory Commission, coordinates the system resources, and relies on the China Securities Investor Protection Fund Corporation and the China Securities Investor Service Center Co., Ltd. to carry out various specific tasks. Practice has proved that such a "tower-shaped" investor protection system arrangement is effective in protecting small and medium investors, and it has effectively fulfilled the mission of protecting the legitimate rights and interests of investors.

“Fear investors”, speak more and do more!