Date: April 22, 2013 Source: Futures Daily
¡¡¡¡After the earthquake in Lushan, Sichuan Province on April 20, relevant relief work of all sectors of society has been carried out rapidly. It is learned that relevant units of China Securities Regulatory Commission (CSRC) and all financial institutions have taken emergency measures to respond actively and promptly conducted a series of work, such us disaster report, relief work and donation. CSRC said that securities and futures institutions in the earthquake-stricken areas were operating normally.
¡¡¡¡According to CSRC¡¯s notice, securities and futures institutions within the jurisdiction of Sichuan Province, particularly the three securities business divisions in Ya¡¯an, have received online test, and their non-spot transactions have proceeded normally. After the earthquake, CSRC immediately initiated the contingency plan and required relevant units and departments of the securities and futures system to do a good job in the earthquake relief work, learn information on damage as soon as possible, and take effective measures to maintain the personnel security and property security. Sichuan Securities Regulatory Bureau contacted the listed companies and securities and futures institutions in Ya¡¯an in the first time and were required to check the damage conditions in terms of personnel, venues, infrastructure and information system. It also encouraged relevant institutions to fulfill their social responsibilities and actively participate in the earthquake relief work. Meanwhile, Shanghai Stock Exchange and Shenzhen Securities Exchange have, according to CSRC¡¯s requirements, guided relevant listed companies to do a better job in information disclosure and maintain investors¡¯ legitimate interests.
¡¡¡¡It is learnt from SHFE that till the afternoon of April 21, members and customers in the earthquake-stricken areas and the surrounding areas remained calm and the trading system of futures companies had not been affected. After the earthquake, SHFE has paid close attention to the safety of the staff and customers of futures companies, companies¡¯ transactions, and the information system that might be influenced by the earthquake. It has also quickly checked the business risk links, such as relevant technology, communication, transaction, positions and capital, and settled down relevant responsive work on market risks and member service. It is learnt that no futures companies¡¯ business division is in Ya¡¯an and three futures companies in Sichuan ¨C Brilliant Futures, Huaxi Futures, and Sinolink Futures, have confirmed that no casualities occurred in their companies and their information and trading system have been proved normal after inspection and can be accessed to SHFE¡¯s host machine to participate in this week¡¯s transaction.
¡¡¡¡It is also learnt that after the earthquake, the listed companies and securities and futures institutions within the jurisdiction of Sichuan have actively participated in the earthquake relief work. Many listed companies have sent cars and allocated equipments for rescue in the first time, rushed to the disaster-stricken areas with necessary medicines, and actively participated in the relief work such as repairing damaged roads, ensuring security and rescuing victims. Relevant securities and futures institutions have also actively collected relief goods to be transferred to the disaster-stricken areas. Besides, banks, insurance companies, funds, and other financial institutions have also taken corresponding measures one after another to give full support to the relief and re-construction work of the earthquake-stricken areas. |