SZSE worked with relevant units to carry out a series of investor protection activities on March 15 in accordance with the CSRC’s unified arrangement. Various forms of online and offline special education activities were held to actively stay close to investors and serve investors, strengthen the publicity of the comprehensive implementation of the registration-based IPO system reform, advocate value investment and rational investment, further build the reform consensus, and enhance investors’ sense of gain, creating a good environment for the steady promotion of the comprehensive implementation of the registration-based IPO system.

Focus was put on the Comprehensive Registration-based IPO System Reform to Convey the Good Voice of Capital Market Reform

The comprehensive implementation of the registration-based IPO system is related to the big picture of the capital market, which is a milestone in the reform and development of China’s capital market. The registration-based IPO system reform means that more options are given to the market and investors. In order to help investors timely and accurately understand the key points of the policies for the comprehensive implementation of the registration-based IPO system, SZSE worked with relevant units to form a joint force for investor protection. The investor protection activities with various forms and rich content were continuously carried out to transmit the knowledge on the registration-based IPO system to investors, guide investors to objectively view and understand the meaning and role of the comprehensive implementation of the registration-based IPO system, further promote the concept of rational investment, value investment and long-term investment, and facilitate the steady implementation of the comprehensive registration-based IPO system reform.

First, the activity of “Leaning, Thinking, Practicing and Understanding the Guiding Principles of the 20th CPC National Congress and Starting a New Journey of Investor Education Services” was carried out. SZSE, together with local CSRC offices and Securities Times,carried out the activity of “Three Walks Into”, organically combining the learning, publicity and implementation of the guiding principles of the 20th CPC National Congress with the investor education activities for the comprehensive implementation of the registration-based IPO system. Second, the column of “Comprehensive Implementation of the Registration-Based IPO System” was launched in a timely manner. By making full use of the official website, Weibo, WeChat, mobile client and other investor education publicity platforms, SZSE released graphic interpretation, video courses, investor Q&As and other investor education products, providing authoritative interpretation to the market immediately. Third, the activity of “Investor Education Services in the Communities” was held. SZSE worked with Shenzhen Municipal Bureau of Local Financial Regulation and Supervision, CSRC Shenzhen Office and Shenzhen Office for Residents’ Financial Literacy Improvement Project to distribute books and foldouts related to the comprehensive implementation of the registration-based IPO system to Shenzhen citizens in the Central Book City, Shenzhen, provide face-to-face knowledge explanations, and carry out interactive quizzes with prizes to stimulate their enthusiasm for learning, providing the people with more knowledge on the registration-based IPO system. Fourth, the investor education activity of “Comprehensive Registration-based IPO System Reform for the Future” was carried out. SZSE worked with CSRC Beijing Office, CSRC Zhejiang Office and CSRC Ningbo Office to hold 11 activities in Beijing, Hangzhou, Ningbo and Shaoxing such as “A Trip to the Listed Companies under the Registration-based IPO System”, investor education lectures, and investor forums, explaining the reform process, main ideas, institutional arrangements and rule system of the comprehensive implementation of the registration-based IPO system to investors, and enhancing their understanding and mastery of the knowledge on the registration-based IPO system. Fifth, SZSE cooperated with relevant media outlets to hold an online lecture themed by “Focusing on the Comprehensive Implementation of the Registration-based IPO System and Practicing Rational Value Investment”. Market experts were invited to interpret the positive significance and market impact of the comprehensive implementation of the registration-based IPO system, guide investors’ expectations, and enhance their sense of recognition of the comprehensive registration-based IPO system reform. Sixth, SZSE and CSDC Shenzhen Branch held the “21st 3.15 Investor Protection Consultation” activity. Business elites were organized to make online interaction with investors to answer their questions and respond to investors' concerns in a timely manner.

Online Solicitation Service of Shareholders’ Rights Was Launched to Enrich the Investor Protection Toolkit

In order to implement the requirements of the newSecurities Lawand theInterim Provisions on the Administration of Public Solicitation of Shareholders’ Rights of Listed Companiesissued by the CSRC, SZSE recently launched the online solicitation service of shareholders’ rights of listed companies, and simultaneously issued theGuidelines for Online Solicitation Service of Shareholders’ Rights of Listed Companiesto further improve the market services, provide an Internet platform for solicitors to collect authorized materials for shareholders of listed companies, and facilitate the public solicitation activity of shareholders’ rights.

The public solicitation of shareholders’ rights of a listed company is a behavior that an entity who meets the qualifications of a solicitor publicly requests the shareholders of a listed company to attend the shareholders’ general meeting on behalf under the entity’s entrustment and exercise the shareholders’ rights on behalf, which is an investor protection system arrangement stipulated in the newSecurities Law. The CSRC’sInterim Provisions on the Administration of Public Solicitation of Shareholders’ Rights of Listed Companiesencourages stock exchanges and other units to improve relevant infrastructure construction and facilitates the public solicitation activity. SZSE launched the online solicitation service of shareholders’ rights of listed companies, which helped guide small and medium-sized investors to actively participate in corporate governance, give full play to the function of the shareholders’ general meeting, and further enrich and improve the investor protection toolkit.

Investor Education Was Promoted on Campus to Enhance the Financial Literacy of the New Generation

Promoting the integration of investor education into the national education system is an important measure for SZSE to actively fulfill its social responsibilities and cultivate the next generation of financial talent. On March 14, SZSE, CSRC Beijing Office, China Securities, China Galaxy Securities and Peking University Law School signed a memorandum on investor education cooperation in Beijing, establishing a cooperation mechanism in discipline construction, academic research and talent training to jointly promote investor education on campus. On the same day, senior scholars and market experts held the “First Lecture” in the form of on-site lectures and dialogues to popularize the knowledge on financial securities to college students combined with market hotspots such as the comprehensive registration-based IPO system reform.

In 2022, by taking the improvement of the national financial literacy as the main task and adhering to the principles of long term, systematicity and public welfare, SZSE formulated theThree-Year Action Plan for Integrating Investor Education into the National Education System (2022-2024), actively exploring and promoting the practice of integrating investor education into the national education system. Since the implementation of the plan, SZSE has signed cooperation memorandums with 12 universities including Xi’an Jiaotong University, Xiamen University and Nankai University, and continued capital market practice courses. With a cumulative number of learners exceeding 680,000, the social benefits and influence have been gradually improved.

The National Animation Competition on Investor Education Was Launched to Promote Service Innovation with Cultural Creativity

On March 15, under the guidance of the CSRC’s Investor Protection Bureau, SZSE, People’s Daily and Securities Times held the initiation ceremony of the 4th National Animation Competition on Investor Education in Beijing, which was attended by more than 50 people including relevant responsible persons of the guiding units and the organizer, relevant persons in charge of the Comic Art Committee of the China Artists Association, judges of the competition, cartoonists and relevant artists.

Themed by “Capital Market Painting Gathering: Responsibilities and Feelings”, the competition aimed to widely collect new and lively investor education works such as comics and short videos, show the positive actions of the capital market and related entities in facilitating social and economic development and fulfilling social responsibilities from the perspectives of technological innovation, rural revitalization, targeted poverty alleviation, environmental protection, charity and public welfare, and mobilize more market entities to pay attention to, participate in and fulfill social responsibilities.

Since 2019, the National Animation Competition on Investor Education has been successfully held for three times. More than 50,000 works were collected, with billions of clicks and views. A batch of investor education masterpieces that show the positive energy of the capital market and convey the good voice of the capital market have emerged. Good results were achieved in promoting the organic combination of investor education and cultural creativity. This is an effective effort of SZSE to create new modes of investor services.

According to the arrangement of a series of investor protection activities on March 15, SZSE will continue to carry out the investor protection activities themed by “Comprehensive Registration-based IPO System Reform for the Future” in Sichuan, Chongqing, Shaanxi, Guangxi, Jiangxi, Inner Mongolia and other places to continuously strengthen the publicity of the comprehensive registration-based IPO system. Besides, SZSE will release the 2022 Individual Investor Survey Report to provide decision-making reference for improving investor protection. It will also promote cooperation with the School of Economics and Management of Tsinghua University and Southwestern University of Finance and Economics to promote more investor education activities on campus.

Vigorously embarking on a new journey, SZSE will continue the investor education services. In the next step, SZSE will adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, deeply study and implement the guiding principles of the 20th CPC National Congress and the Central Economic Work Conference, and fully implement the requirements of the Two Sessions. In accordance with the unified arrangement of the CSRC, by adhering to the people-centric nature of investor services and strengthening the concept of “mega investor protection”, SZSE will continuously enrich the content and forms of investor services and expand the depth and breadth of investor education, effectively safeguard the legitimate rights and interests of investors, and consolidate the investor foundation for the reform and development of the capital market.