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What does the Securities and Exchange Commission meet in the midst of a market plunge?

A representative of the State Securities Commission (SSC) said that the content of the meeting also revolved around short and medium-term solutions for the market to overcome difficulties and stabilize again.

SSC assessed, stock market The domestic stock market is going through a period of strong adjustment, due to the combined impact of domestic psychological factors and especially risks from the international market such as the FED raising interest rates sharply, and geopolitical tensions. Unresolved value, inflation pressure, sharp increase in input prices, especially energy prices,…

The leader of the State Securities Commission said that the management agency is giving special priority to short-term solutions to help stabilize the market and reassure investors. Accordingly, this year there will be positive changes, which are expected to support the market to increase liquidity, as well as transparent information in the market.

What does the Securities and Exchange Commission meet in the midst of a market plunge?  - first

The stock market plunged, the State Securities Commission held a meeting with the parties.

We are closely monitoring the situation economy – Politics, policy moves of countries around the world, assessing the impact and influence on Vietnam’s stock market in order to promptly take appropriate solutions to stabilize the domestic market; at the same time, actively propagate information to stabilize investors’ psychology and enhance the confidence of market participants.”, said the representative of the State Securities Commission.

As for mid- and long-term solutions, leaders of the State Securities Commission said, the management agency is actively completing the legal framework, developing a development strategy to 2030 to clearly define goals, solutions and roadmap. long-term development.

Simultaneously, the State Securities Commission is reviewing, evaluating and summarizing to recommend the shortcomings in the legal framework on securities and the stock market (including the Law on Securities and the system of guiding documents). , especially regulations on transparency of corporate information, rights and responsibilities of participants, sanctions against law violations to protect investors, thereby restoring trust and ensuring development. healthy, transparent and sustainable market.

In the coming time, we will have more solutions to improve operational efficiency, service quality, financial capacity, and professional ethics of service providers in the market, especially especially securities companies, independent auditing companies, fund management companies, operation of the system of asset valuation companies, credit ratings, accounting, auditing“, the leader of the State Securities Commission added.

For foreign capital flows, in addition to solutions to attract the participation of foreign investors, the State Securities Commission is also accelerating solutions to shorten the process of upgrading Vietnam’s stock market from marginal to emerging.

A leader of the State Securities Commission said: “Although, the upgrade will depend greatly on the market rating agencies, however, we are coordinating with relevant agencies to agree on a solution and outline a roadmap. The process is clearer, strives the best to expect that the Vietnamese stock market will be upgraded as soon as possible, achieving the target set by the Government.

In addition, the State Securities Commission said it will strengthen propaganda and investor training to increase the knowledge base of finance and securities, and support (investors) to participate in the stock market more safely and professionally.

Trading session 12/5, VN-Index evaporated nearly 63 points, stocks were lying on the floor. HoSE capitalization evaporated 249,000 billion VND, equivalent to 10.8 billion USD. This is the world record decrease on May 12.

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