Securities Analysts Association of China
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Securities Analysts Association of China (SAAC; 对中国证券分析师协会) is a specialized organization of and working under the leadership of the Securities Association of China, a nationwide self-regulatory organization for the Chinese securities market investment consulting industry.[1]
SAAC is under the Securities Association of China. SAAC was established on 5 July 2000 and . On 20 June 2007, SAAC held its third Members Meeting and elected its new Board. There are currently 30 experts from the industry sitting in the Board, including 1 president, 7 vice presidents, 17 committee members and 5 consultants. During the meeting, SAAC has redefined its objectives and revised its Working Rules.
The mission of the SAAC is to:[2]
- Consider, collect and report opinions and suggestions regarding/from the industry;
- Study and explain policies and programs relating to the industry;
- Prepare and review self-regulatory codes, rules, performance standards and guidelines for the securities investment consulting industry;
- Organize and support innovative activities of the industry, summarize and advocate the experiences;
- Make recommendations to the SAC on punishment measures to member companies or professionals violated laws and regulations or self-regulatory codes and rules by the SAC;
- Mediate between member societies on business disputes;
- Assist in securities analysts training;
- Promote international exchange and cooperation;
- Fulfil other missions as may be entrusted by the SAC.
References
- ^ "Securities Analysts Association of China Launched". People's Daily. 6 July 2000.
- ^ "Members". SAAC. Archived from the original on 6 January 2002.