The 3rd working conference of Informatization Leading Team of Securities & Futures Industry (the Team), held recently in Beijing, briefed the progress in the work of information security of securities and futures industry in the 1st half of the year before focusing on several topics including the “Contingency Plan for Network and Information Security of Securities & Futures Industry”. In his analysis on the current situation of the information security in the industry and the existing problems, Vice Chairman Gui Minjie of the China Securities Regulatory Commission (CSRC) and also head of the Team, who presided over the meeting, summarized the work experience in the previous stage and proposed requirements for a better job in the information security in the industry.

The meeting agreed that all sectors of the industry had, in the first half of the year, given top priority to improving the information security in line with the all-around arrangements of the CSRC, with the overall operation of the information system on the capital market achieving a safe and smooth performance. Thanks to the joint efforts by all sides, the organizational structure and working mechanism for information security were changing for the better, with a strengthened mechanism of cooperation in information security with ministries and commissions. Besides, progress was made in the contingency management work with a larger pool of experts skilled in handling contingency. The constitution of technical guidelines and standard systems of information technology saw great progress, with the establishment of the interaction mechanism between the business supervision and the information security. The recently published “Regulations on Classified Supervision over Securities Companies” have listed the information security as one of its major indices. In a nutshell, all major work arranged by the Team in early 2009 boasted a fast implementation and smooth advancement.

It was also stressed at the meeting that all units should see the great pressure on the information security work as weaknesses still exist in the crucial links such as the safety of core trading system, portal website and online trading and the electrical power communication. All units should attach sustained importance to the information securities work with reinforced analysis, research and judgment on the situation of information security. The information security responsibility system should be carried out in an all-around manner, under the principle of “whoever takes charge of operation bears responsibility”. The business supervision and information security should be integrated for an effective interaction between the business and technology. Moreover, efforts should be made to combine the resolution of current problems with the long-term planning. The front-line supervision forces such as the disciplinary organizations of exchanges and industry associations as well as their agencies should be given full play for more emphasis on the guidance and support provided by other relevant ministries and commissions in a bid to integrate market, self-discipline and administration All units are expected to ensure the safe and stable operation of the market and industry information systems by doing a solid job in jointly promoting all major work concerning information security.

Attending the meeting were Vice Chairman Lin Xinhua of the CSRC and also deputy head of the Team, and other members of the Team. Members of the Expert Committee of Informatization of Securities & Futures Industry and the Office of the Team were present at the meeting as observers.