Recently, the 3rd working conference of Informatization Leading Team of Securities & Futures Industry (the Leading Team) has been held in Beijing. Gui Minjie, Vice Chairman of the China Securities Regulatory Commission (CSRC) and also head of the Leading Team, presided over the meeting and gave a lecture, making requirement on continuously safeguarding industry information safety after analyzing the status quo of and problems in the current work on information safety as well as summarizing the experience in previous work.

 

The meeting reported the progress in maintaining information safety in the securities and futures industry in the first half of 2009 and discussed and examined several topics including the “Emergency Plan on Network and Information Safety Incidents in Securities & Futures Industry”.

 

It was agreed at the meeting that, in the first half of the year, all the units of the industry attached great importance to the information safety by actively promoting the security work of the information systems in line with the requirements of the CSRC’s work arrangements; hence the safe and stable operation of the overall information systems in the capital market. Thanks to the joint efforts made by all the parties, the organization system and working mechanism of securing the industry information safety were improved further and the cooperation system with ministries and commissions on information safety was consolidated. Besides, they strengthened the emergency management on the industry through recruiting expert team of emergency response, so as to greatly promote the construction of the guidance and standard system for securities and futures information and establish the joint mechanism of information security and business regulation. In the “Provisions on the Classified Supervision and Administration of Securities Companies” published recently, the information safety has been regarded as one of the major indicators for classification. Generally speaking, various key arrangements made by the Leading Team at the beginning of the year have been in speedy and smooth progress.

 

It was pointed out in the meeting that all the units should realize that it was still a relatively bigger challenge to secure the information safety in the industry and there were weaknesses in such important links as the safety of the core trading system, portal sites and online trading and the guarantee for economics communication. According to the vested work plans, all the units are required to continue attaching great importance to information safety and intensifying the analysis, research and judgment on the information safety situations. They should implement the responsibility system in an all-around way by persevering in the principle of “Responsibility falls in whoever are in charge” for the information safety and build up the effective interaction between the business and technology by combining the business supervision and information safety. Besides, comprehensive consideration should be given to solution of the current problems and implementation of the long-term planning in the principle of combining long-term and short-term planning. Through combining the market, self-discipline and administration, the front-line supervision function of the self-discipline organizations and regional bureaus, such as stock exchanges and industry associations, should be brought into full play; moreover, the guidance and support of other relevant ministries and commissions are of great significance. All the units should work prudently and cooperate with each others to spare no time to finish various key tasks for information safety, ensuring the safe and stable operation of the information systems of securities and futures market and industry.

 

Attending the meeting were Liu Xinhua, Vice Chairman of the CSRC and also the vice leader of the Leading Team, and members of the Leading Team. The commissioners of the Experts Committee of Informatization of Securities & Futures Industry and members of the Leading Team’s office also attended as nonvoting delegates.

 

Source: Shanghai Securities News