The Shanghai Stock Exchange (SSE) and the Credit Rating Administration of the Bank of China (CRA) have recently made plans about sharing supervision information and promoting market integrity. Officers of the two institutions said the cooperation is a significant step in the process of securities market integrity construction, based on which, they will seek collaboration in a more extensive and profound field so as to jointly push forward the securities market integrity.

According to the cooperation plans, the SSE will provide the CRA with the integrity records of companies listed on the SSE and of their senior management, including the open condemnation records of listed companies and their senior management and the pending litigation records of listed companies. The records will be updated regularly so that the CRA can conduct information integration and supply the financial institutions through nationwide network with decision-making supporting information for the prevention of credit risks. The CRA will also furnish relevant information according to laws as required by SSE for the need of supervision and management.

Integrity is the cornerstone of a steady development of the securities market. However, the dishonesty of some listed companies and disregard integrity by senior management of some listed companies have brought negative influences to the market over the recent years. The SSE and the CRA are striving hard for an interaction between the information systems of securities market and bank credit with a view of linking their supervision and management, and consequently, effectively controlling the improper conducts of dishonest companies and individuals on the market.