Recently, Yong’an Futures (stock code “600927”) landed on the main board of Shanghai Stock Exchange, opening a new chapter in enterprise development. The reporter of economic information daily noted that since its establishment, Yong’an futures has always built its own value foundation with legal compliance. Keeping awe of regulation, market and rules and keeping the bottom line of risk control is the compliance culture that Yongan futures has always adhered to and escorts the company in the process of building a derivatives investment bank.
“In order to solve the outstanding problems such as poor privacy and timeliness of trading methods, high pressure on employees to make wrong orders and mutual incompatibility of exchange system terminals, the company cracked policy limitations, technical problems and legal obstacles, invested in the development of self-service trading system, merged trading terminals and realized customer self-service orders.” Yong’an futures said that in the early stage of the futures market, there was a lack of isolation between the customer margin and the futures company’s own funds. In order to break the risk of misappropriation of customer margin and rebuild the reputation and image of the futures market, the company proposed the idea of closed-loop management of customer margin, which was promoted layer by layer under the background of wide involvement, complex operation and heavy pilot resistance.
By practicing the concept of all staff risk control, Yong’an futures has withstood market tests again and again, and there has been no major risk event for many years. In terms of corporate governance reform and diversified business layout, Yong’an futures was first approved by China Securities Regulatory Commission in 2006 to set up subsidiaries in Hong Kong and jointly establish China new Yong’an Futures Co., Ltd. to enter the overseas market; From 2011 to 2013, it was the first batch to obtain futures investment consulting business qualification, asset management business qualification and risk management business qualification, and took the lead in opening innovative business; In 2012, it was the first in the industry to complete the joint-stock reform; In 2015, it was listed on the new third board and participated in the establishment of Yong’an Guofu Asset Management Co., Ltd.
“Only through its own compliant and stable operation can we win the first opportunity of the industry pilot, then lead the successful transformation and sustainable development of the industry, and give full play to its ability and role in serving the real economy.” Yongan futures said.
In recent years, in order to cope with the continuous changes of the futures market, Yong’an futures has constantly pushed through the old and brought forth the new in the process of pursuing sustainable development. Yong’an futures has successively created multi-directional digital business and management platforms such as “online business hall”, “source information”, “private placement online”, “compliance management platform” and “future risk control driving position”.
Yong’an futures said that to build a new platform, on the one hand, it can realize customer online business handling and services through financial technology and actively fulfill social responsibilities in the special period of the epidemic; On the other hand, the “digital intelligence” of compliance and risk control management is realized through financial technology. With the help of unified big data center collaborative management, the data of each business segment is used to break the information asymmetry barrier between businesses, overall layout, comprehensive compliance monitoring and comprehensive risk management.
“The outline of cultural construction of futures industry proposes to integrate ‘compliance, integrity, professionalism, stability and responsibility’ into the whole process of operation and management and corporate governance.” Yong’an futures said that in the company’s development strategic plan, it is clearly proposed to improve the scientific, reasonable and compliant risk control system, strengthen the ideological education and self-discipline awareness of compliance risk control, promote digital construction and improve the ability of compliance risk control, which will further consolidate the cultural foundation of compliance in the future.
(economic reference network)
