“Adhering to legal compliance, always being in awe of supervision, market and rules, and keeping the bottom line of risk control is an important part of the” five insistences “of Yong’an futures, and it is also the compliance culture that all Yong’an people have always adhered to.” Introduction to relevant people of Yong’an futures. The compliance culture of Yong’an futures has protected the company in the process of building a derivatives investment bank and built its own value foundation.
According to insiders, from 1992 to 1997, Yong’an futures launched the commitment of “24-hour cash out”, guaranteed “one yard trading for one household”, established the “general house”, established the market image of “standardized management and fair operation”, stabilized the market and won the trust of customers. 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 invested in the development of self-service trading system, merged trading terminals, and realized customers’ self-service orders. In the early stage of the futures market, there was no isolation boundary between the customer margin and the futures company’s own funds. In order to cut off the risk of misappropriation of customer margin, Yong’an futures proposed the idea of closed-loop management of customer margin, which was promoted layer by layer under the background of wide involvement and complex operation.
Bearing in mind the mission of preventing system risks, avoiding operational risks and resolving customer risks, Yong’an futures has practiced the all staff risk control concept of “everyone is a ‘risk officer’ and everyone is a ‘risk officer’. It has withstood market tests again and again, and no major risk event has occurred 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; 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.
In recent years, Yong’an futures has built multi-directional digital business and management platforms such as “online business hall”, “source information”, “online private placement”, “compliance management platform” and “current risk control cockpit”. On the one hand, through financial technology to achieve customer online business handling and services, and actively perform 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.
“While learning lessons, Yong’an people have forged their compliance awareness and risk awareness, as well as their high awe of the market, risks and rules. Only their own compliance operation and stable operation can win the first opportunity of the industry pilot, then lead the successful transformation and sustainable development of the industry, and give play to their ability and role in serving the real economy.” Yongan futures official said.
The law on futures and derivatives is about to be issued. This year is also a year for the cultural construction of the futures industry. The outline for the cultural construction of the futures industry proposes to integrate “compliance, integrity, professionalism, stability and responsibility” into the whole process of operation and management and corporate governance. It is reported that in the company’s “14th five year plan” development strategic plan, Yong’an futures has made it clear to improve the scientific and reasonable compliance and risk control system, strengthen the ideological education and self-discipline awareness of compliance and risk control, promote the digital construction, improve the work goal of compliance and risk control ability, abide by the original intention, abide by the rules and take the mission, and further consolidate the cultural foundation of compliance.
(China Securities Journal · China Securities Network)
