On 24 September 2020, SZSE and the People’s Government of Guangxi Zhuang Autonomous Region entered into the Strategic Cooperation Agreement on Strengthening Application of Equity and Debt Instruments and Promoting High-quality Development of Guangxi. SZSE also signed special agreements with the local financial supervision and administration authority and relevant agencies to officially launch the SZSE Guangxi Service Center and jointly hold investing and financing roadshows, pushing the all-round strategic cooperation between SZSE and Guangxi Province to a new level. Lu Xinshe, Party Secretary and Director of the NPC Standing Committee of Guangxi, Chen Wu, Deputy Party Secretary and Chairman of Guangxi, Li Yumei, Secretary and Director of NPC Standing Committee Party Leading Group of Guangdong, Wang Jianjun, Secretary of SZSE Party Committee and Chairman of SZSE, and relevant comrades from Guangxi, Guangdong, Shenzhen and SZSE attended the signing ceremony and relevant activities.
With its important geographic location and great potential for development, Guangxi Province is currently building a major international corridor towards ASEAN, forging a new strategic pivot for opening-up and development for southwest and central south China, and forming an important gateway connecting to the Belt and Road. In the face of new situations and opportunities, Guangxi vigorously develops the capital market and leads more social capital into the real economy, which is essential to its high-quality economic development and the new mission of “three positionings” entrusted by the CPC Central Committee. For a long time, the Party Committee and Government of Guangxi have attached great importance to capital market development and given enormous support to SZSE’s service work in the Guangxi market. SZSE and Guangxi have jointly facilitated quality enterprises’ connection with the capital market, promoted the use of innovative financial instruments in the capital market of Guangxi, and explored ways to integrate SZSE’s V-Next platform into the Guangxi-ASEAN overall strategy for opening up and cooperation. The cooperation between the two parties has been constantly expanded, deepened, and enhanced.
The signing of the agreements and the launch of the SZSE Guangxi Service Center are important measures of SZSE, by leveraging its advantages in location, platform and cross-boarder service system, to support Guangxi’s full integration into the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Shenzhen demonstration pilot zone for socialism with Chinese characteristics, and the latter’s deep involvement in the “Belt and Road Initiative”. The moves are taken to break new ground in pursuing all-dimensional opening-up in China, and build a splendid Guangxi. First, both sides will comprehensively upgrade strategic cooperation, seize the opportunities of the reform of the ChiNext Board and the pilot project of the registration-based IPO system, and facilitate more quality Guangxi-based enterprises to enter the capital market and achieve leapfrog development. Besides, both parties will strengthen collaboration in regulation, promote the improvement of the quality of listed companies in Guangxi, and strive to win the battle of forestalling and defusing major risks. Second, building on the SZSE Guangxi Service Center, SZSE will enhance its local capital market services and create its opening-up service window in Guangxi to join hands with all sides through co-construction and sharing to promote high-quality development of the capital market in Guangxi and assist Guangxi in building a financial gateway to ASEAN. Third, SZSE will establish an incubation base for Guangxi-based enterprises planning to get listed, a capital market talent training foundation and a service information system for enterprises planning to get listed. We will actively foster a favorable market environment for the incubation of listed companies and for entrepreneurship and innovation, and provide more diversified and convenient financial services to Guangxi.
For years we have been proactive in serving national strategies and meeting local needs, continuously intensified cooperation with local governments, built local service networks, and upgraded and optimized the market cultivation mechanism, through. We have accumulated rich experience and also made positive results in supporting the development of local capital market and improving economic development quality and performance. Next, we will conscientiously implement the decisions of the CPC Central Committee and the State Council, firmly seize the historical opportunity of sweeping capital market reform, and continue to improve our capability to serve regional coordinated development and the innovation-driven development strategy. Besides, we will better promote the high-level circulation of technology, capital and the real economy, strive to build a quality innovative capital center and a world-class exchange, and make positive contributions to accelerating the formation of a new development paradigm and supporting high-quality development of local economies.
