For opening up our SSE is very important. This includes several elements, the first market in the Exchange organization, and we hope to build firstclass trading technology support system to efficient and sustainable longterm development of advanced trading a good way to promote the establishment of the technical system support this market development. Last year, under the direct leadership of
China Securities Regulatory Commission, through the support of the community, especially the support of the industry, Shanghai Stock Exchange after eight years of technical systems to our success on the line. This thing hard to come by, I have about 45 minutes in Hong Kong, though a press is not interested, I just have go on. Technological progress on the
Development of the significance of exchange. Technological progress is not only related to market organization, in fact more related to the assets of the longterm pricing. Therefore, in this infrastructure, we did a lot. Second, we continued to strengthen market supervision. Two of the basic content of which is continuing to strengthen corporate governance, to improve information disclosure, and the

Economic development. Therefore, we sum up the dream of SSE, said simply called a blue dream, the goal is to build a blue chip market. After years of efforts for many years also made much progress. Global Exchange, Shanghai Stock Exchange in the years which are still at a very important position. The next decade, in particular the establishment of
An international financial center in Shanghai this process, the SSE of the most important mission and mandate is to further deepen the marketoriented reform, and promote the internationalization of SSE’s own process to adapt to China’s financial markets the opening. This is our basic idea, we mainly serve the Chinese economic development, service the Chinese investors, capital market services in
China based on the industry, we need to increase the intensity and pace of opening up. This is our guiding principle. In order to do this work, SSE is now largely in the research and promotion of four things. First we have to further reinforce the foundation, strengthening of infrastructure and basic construction of the system, which is a basis

Mentioned just now vice chairman of public resources in China, Hong Kong has become the first choice for Chinese enterprises. In fact, a considerable part to the Hong Konglisted company, or one of the main fact is the exchange companies have been listed for many years. I went to Hong Kong in January this year when the Asian Financial Forum
Was present when I talked about a point, I said, the existence of SSE and development of a strong impetus to the existence and development of the HKEx. For example, the Hong Kong market last year, three major fundraising enterprises in the Shanghai Stock Exchange listed companies, both with years of history. So we are open to public resources, the
Basic objective of the Shanghai Stock Exchange in terms of its strategy, we hope to be able to build into a Shanghai Stock Exchange with China’s national economic strength and international status of the Chinese yuan to the lining of a stock exchange Therefore, we have called the building a popular reference to blue chip market, the service of national

Up a special channel set up. This is very important, just Lie local introduced capital controls to open the latest. I personally feel that in the Shanghai international financial center to create a historical process in this way, we need to open the trading product to give a sufficient of attention, which I understand why the State Council Wen Jian
Them, Fei Chang specific about the Jingwaiqiye to issue shares, securities issued by overseas companies to actively explore and promote the market and so the contents of the fund. This is my second opinion. The third issue I would like to briefly introduce the Exchange, specifically, the Shanghai Stock Exchange. We are trying to establish an open market system, or
Aspects of a more open exchange some of our basic ideas with you to make a report. Mr Yao Gang President involved in the Chinese capital, an important aspect of market opening, are related to the content of exchanges have been opened. For example, a member of our open, open the investors, opening up a listing of resources. Yao just

Elements of the financial elements of the market relates to the goods including gold, securities, futures, yuan and other various products. Through the efforts of the past three decades, China’s financial market has had a relatively large scale. This morning the leadership of the three would have been in this area were described. It should be said from the Chinese
Economy, China’s financial, various aspects of the Chinese market, China’s financial to a need to further accelerate the promotion of an important stage in opening up the market system. This is my first view. Why do we have to study the financial market opening, as this issue further in the constant put on our agenda. My second basic point is
That in the push to establish an open market system, the trading of products and opening up is essential. Yao Gang VicePresident has just introduced our country’s financial markets were opening up all the demarcation process, including the listing of resources and opening up, open to investors, the opening of the intermediaries, the development of our open policy, we opening

Shanghai last year the State Department to "establish two centers", in particular international financial center, a large degree on China’s financial industry, particularly in Shanghai international financial center, had a very good plan. Mentioned in this document were four basic points. The first one spoke of the need to strengthen the financial market system, which is the State Department document
Which put forward. The second is to strengthen the system of financial institutions that market players say. For example like the pay row, Shanghai Pudong Development of financial institutions such systems, banking, insurance, securities, fund companies such body system. The third paper which talked about the State Council, the business vigorously promote innovation, talked about the product. Product which has
Just quoted a chairman Yao Gang products, including foreign companies issuing shares, issuing foreign securities, including the content of crossborder fund products. The fourth spoke of the construction of Shanghai international financial center personnel and the legal environment. Among these elements, the financial market system in Shanghai international financial center as a priority. Currently, Shanghai has basically have the main

Idea. First of all I personally think that the establishment of an open financial market system is the national capital market development and the construction of Shanghai international financial center, an important step. Or call key. That is open is the economy, the Chinese financial market development in China today, the inevitable outcome. As we all know, the Chinese economy
Has been is the world’s third largest economy, China can be counted as an economic power, from the economic power into economic power, must have a strong and healthy financial system. A healthy financial system in which we change the argument is a strong and healthy financial market system. It should be said in the past three years we have
Made important progress. Mr Yao Gang President from the capital market perspective, the first question about a lot, I feel good about the special. Why do we have to establish an open financial market system, to promote China’s economic structure, the further transformation of China’s financial system. For such a problem, especially the Secretary just mentioned Lie international financial center,

LONDON June 26 news: June 2526 on the Lujiazui Forum in Shanghai. Zhang Yujun, general manager of the Shanghai Stock Exchange in the "five thematic sessions: financial market liberalization and international boardbuilding" speech. Zhang Yujun, a speech following Record: Good afternoon, very happy to have this opportunity here on the opening of financial markets and the construction of the international
Board, to exchange views with you. Is just more fortunate on the international board vice chairman Yao Gang Much has been said, I hope that all board meetings to understand the international guests, will be vice chairman Yao Gang seriously and understand the content of the speech. Secretary Chao also very grateful to have our active support of the international
Board construction. I would like to take this opportunity on this subject on a more personal view, and then work with you on the Exchange introduced a number of situations. Our theme is called today the financial market opening and the construction of the international board. I think there are several means to share here with what, say a personal

And low market dominance. Annual sales of large department stores nationwide circulation, the price of 500 yuan accounted for 35 of the price in the 5001,000 yuan accounted for 54, more than 1,000 yuan, only 11 of total sales. The above figures show that sales of middle and low men still dominate the market, but with the increased level of

Agency type. Selforiented marketing for businesses control more closely, and in the management company’s will be to manage small resistance, but the relative costs in the business will be higher; agentbased brand marketing channel management way, you need business partners have a strong sense of brand marketing and management, and business networks in the operational area and the background of
Strengths higher, close degree of cooperation between the two products in the market based on the profit performance of the , business agent of the management is weak, guiding and supporting multirelations; and relative to join the type of marketing relationship is between the self and the combination of agents, including both sides of the resources and business capital investment,
Will be corresponding with the regional advantages of partnership marketing, but in joining the partnershiptype channels, the need for companies with strong brand management capabilities and ability to market before the creation of the image to join the operation to provide more sustained power . Men accounted for 1,000 yuan midrange marketdriven National Men’s apparel sales continued to hold middle