Implementation scope | Guideline | Specific sub-measure |
---|---|---|
Inquiry market system | Reduce SD’s costs of tough supervision | Extensively adopting Regtech in supervision |
Strengthening cross-departmental cooperation in law enforcement | ||
Increasing training for SD’s officials | ||
Increase SD’s incentives of tough supervision | Take the supervision or punishment intensity of illegal quotations as a key performance indicator or plus point of SD | |
Link the satisfaction of the financing companies with the rewards of SD | ||
Modify high-price culling rule | Shift high-price culling rule into extreme price culling rule | |
Dynamically adjust culling rate according to the distribution or concentration of quotations | ||
External systems | Deterring potential violators | Clarify the identification criteria and punishment measures of illegal quotations in the form of law |
Increase the exposure of illegal quotation | Establish a coordinated oversight system for society, the media and industry associations | |
Stabilize investors’ expectations to supervision policy | Establish a communication and feedback mechanism between market participants and SD |