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Securities Analysts Association of China Launched
The Securities Analysts Association of China (SAAC) was officially inaugurated in Beijing Wednesday, marking a milestone in the development of China's securities analysis services.
Speaking at the opening ceremony, vice-chairman of the China Securities Regulatory Commission Geng Liang said the new SAAC would help promote rational investment in China's securities market.
Involved in a knowledge-intensive profession, securities analysts have been a relatively young and small group in China, which reintroduced its stock market a decade ago.
According to Geng, China now has about 1,500 licensed securities analysts and 115 licensed securities advisory companies.
Lin Yixiang, Vice-President of the China Securities Co., Ltd. and SAAC's first elected chairman, said the organization would advocate self-discipline in the industry, promote exchanges with international counterparts, organize training for members to improve their ethical and professional standards and protect their interests.
Today's conference also passed the association's constitution and ethical standards for securities analysts.
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