in the name of financial innovation

Why straighten up all kinds of trading venues? There are at least three points, that is, to guard against financial risks, and standardize the market order, maintain social stability. Currently some worrying Exchange chaos: some places illegal securities and futures trading activities without permission; some Exchange Management irregularities, serious speculation and price manipulation; individual Exchange shareholders directly involved in theThe sale, even managers escaped the misappropriation of client funds, managers, volume, and so on. These issues such as development spread down, vulnerable to systemic, culture, financial risk, and even affect social stability, therefore, must take prompt measures to remedy the situation. Trading venues is providing equitable, transparent trading opportunities for all market participants, an orderly trading platformWith strong social and openness. However, we have seen in recent years, in the name of financial innovation, various trading venues throughout the country was "Bai Qi" trades numerous, including not only rare and precious metals, works of art, financial assets, ownership, carbon emissions, including agricultural products, pharmaceutical products, even the Chinese drug, ginseng, garlic, fruit, red pepper, silkExchange transactions were marked, such as silk. Upsurge of building exchanges and also spread from cities to cities, and see a large number of private equity exchange. Despite being "hundred lights on", but because of the lack of standardized management, number of deals has exposed a large financial and social risks. On one hand, some local governments are keen to develop local markets,Ignoring the law and government regulation of the market building itself responsibility; on the other hand, some market organizers often fails strict management and one-sided pursuit of trading volume, expand the size of the market, there has been violation of speculation and price risks of deviation, the corner, to the market traders brought a serious loss and compliance. CUPL Liu jipeng, Director of capital Research Center, tradingStraighten up, on the one hand, a lot of rapid development of the commodity futures exchange, on supervision Division the old republic power leveling, however it is not clear, this speculative, risk, and social impact on the other, exchanges such as the Tianjin Exchange, of financial innovation is actually the name cannot be split, share, and a variety of transactions, securitization of centralized price bidding, tradingEven setting up the Exchange. These trades, had actually entered the scope of securities, but management are the blind spots in this regard, it also contains a big social risks. Therefore, expect big things straighten currently of exchanges in the present situation, it is very necessary. Deployment from the State Council level rectification of illegal exchange of chaos is to strengthen the monitoring, prevention and controlRisks swtor power leveling, standardize the market order a shot of "must". ����This recording "must", hit the currently unregulated trading venues, will make all kinds of national exchange stop wild growth. Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investor actions accordingly, and at your own risk.