About SIPF

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Corporate Profile

2011-03-29 09:55:48
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China Securities Regulatory Commission (CSRC), Ministry of Finance (MOF) and the People's Bank of China (PBC) promulgated the ��Measures for the Administration of Securities Investor Protection Funds�� (the Measures) in June 2005, with the approval of State Council. On August 30, 2005, China Securities Investor Protection Funds (SIPF), a wholly state-owned company was set up under the Measures for the purpose of protecting the legitimate rights and interests of securities investors. SIPF is under the regulation of the CSRC and its register capital is RMB6.3 billion injected by the State Council via the MOF.

 

The principal functions of SIPF are:

��to raise, manage and operate securities investor protection fund;

 

��to monitor risks of securities companies and participate in the risk disposition and the liquidation of the dissolved, closed or bankrupt securities companies;

 

��to indemnify eligible creditors in case a securities company is subject to compulsory regulatory measures by the CSRC and trustee operation.

 

��to manage and dispose of foreclosed assets and safeguard the fund��s rights and interests;

 

��to put forward regulatory and disposal suggestions to the CSRC in case a securities company��s operation and management have material risks that may damage investor��s interests and the safety of the securities market;

 

��to join relevant authorities in establishing a rectification mechanism for the potential risks arising from operation of securities companies.

 

��to strengthen the monitoring of securities market risks by setting  up and improving the monitoring system on transaction settlement fund at the securities market and the XBRL information system.

 

��to conduct investor protection assessment of both securities companies and listed companies.

 

��to build a routine investor protection mechanism mixing ��monitoring, appraisal and service��.

 

Interpretation of Corporate Logo:

 

Corporate Profile

 

��The logo is in the shape of a round coin with square hole, in the center of which there is the letter ��S��, the first letter of ��Securities��. That embodies the feature of the Company engaged in financial and securities industries.

 

��On the surface of the logo, there are two rings overlapped, which are designed with reference to the traditional image of Taiji. Complete and full of changes, the logo symbolizes the relation of mutual promotion between regulated development of capital market and protection of investors.

 

��The square opening at the center of the logo consists of nine straight lines. The Chinese character for ��nine��, a homonym of the Chinese character for ��eternity��, symbolizes the eternity and prosperity of the cause of investor protection. ��Nine�� is the largest number in traditional Chinese culture. Nine solid straight lines show that investor protection is the top priority of the development of the securities market.

 

��The logo is blue, and gives people a feeling of freshness, peace and harmonization. It implies that the Company will be devoted to promoting health and harmonious development of capital market and creating a safer and looser environment for investors��