SAAC meaning in Community ?

What is Securities Analysts Association of China mean?

Securities Analysts Association of China (SAAC; 对中国证券分析师协会) is a specialized organization working under the leadership of the Securities Association of China, a nationwide self-regulatory organization for the Chinese securities market investment consulting industry.

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:

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;Fulfill other missions as may be entrusted by the SAC. reference