.jpg)
From November 29 to 30, Emilio Benito Aquino, Chairman of the Securities and Exchange Commission of the Philippines (SEC), and his delegation visited SZSE. SZSE Chairman Wu Lijun and SZSE Vice President Peng Ming attended the meeting. This meeting is a concrete measure taken by the two sides to promote the implementation of the results of recent important meetings between the leaders of the two countries. They conducted in-depth exchanges and reached a broad consensus on further promoting the integration and development of bilateral capital markets and deepening the pragmatic cooperation between the exchanges. Representatives from the Philippine SEC, exchanges, securities clearing companies, depositary trust companies, and securities trading companies communicated with the relevant department heads of SZSE.
Wu Lijun said that in recent years, SZSE has actively participated in the national opening-up strategy, vigorously served the Belt and Road construction, and strengthened communication with ASEAN regulatory authorities, exchanges and market institutions. The goal is to positively promote the in-depth cooperation between capital markets and boost the economic integration and development between China and ASEAN. SZSE continues to strengthen cross-border capital cooperation and vigorously promote cross-border financial service innovation for technology enterprises and SMEs. SZSE's innovation and venture investing and financing service platform (V-Next) has been launched in more than 30 countries and its coverage is gradually expanding. Besides, the trading system and monitoring system independently developed by SZSE enjoys world leading advantages. And SZSE is exploring practical and sustainable technical cooperation with a number of exchanges in the countries and regions along the Belt and Road to promote technical cooperation and international services between exchanges.
Wu Lijun pointed out that the friendship between China and the Philippines has a long history. On the occasion of further quality improvement and upgrading of bilateral relations, the cooperation between Chinese and Philippine exchanges has also embraced new historical opportunities. Recently, SZSE and the relevant parties in the Philippines have exchanged views on many occasions, which has enhanced mutual understanding and trust, clarified cooperation direction and achieved positive results. This meeting will inject new momentum into the capital markets of China and the Philippines, further promote market interconnection, strengthen technology promotion cooperation and personnel exchange and training, and jointly promote the higher quality development of both capital markets.
Emilio Benito Aquino and his delegation also visited SZSE Financial Museum and Technology Center to communicate with frontline supervision departments and learn about the development history of China's capital market, SZSE's technical system characteristics and its supervision system construction. He said that China's capital market has much successful experience in development and supervision worthy of learning from, and that SZSE's distinctive market characteristics and frontline supervision system suit the development positioning of Philippine exchanges. Therefore, the two sides should further strengthen market connection and deepen exchange and cooperation in capital markets.
Next, in accordance with CSRC's overall deployment on the opening up of the capital market, SZSE will make good use of its platform functions and technological advantages, and play a good demonstrating and leading role in the cooperation between capital markets such as the ones in China and the Philippines. Besides, we will deepen pragmatic cooperation with capital markets of the countries and regions along the Belt and Road such as ASEAN, so as to promote mutual benefits and achieve win-win results for China and those countries and regions.
