On December 26, 2019, the Ministry of Science and Technology (MOST) and the Shanghai Stock Exchange (SSE) signed a cooperation memorandum of understanding (MOU) on jointly promoting the healthy development of the SSE STAR Market and strengthening support for major national tasks in innovation. Witnessing the signing ceremony were Li Meng, member of the Party Leadership Group and vice minister of the MOST, and Huang Hongyuan, Party chief and chairman of the SSE. At the same time, the MOST and the SSE jointly held a forum for the enterprises of scientific and technological innovation to solicit opinions and suggestions on promoting the healthy and rapid development of the SSE STAR Market and the directions of scientific and technological innovation for the national “14th Five-Year Plan”, etc.
President Xi Jinping attaches great importance to the construction of the SSE STAR Market, and required that in launching the SSE STAR Market and piloting the registration-based IPO system, we should adhere to the purposes, improve the quality of listed companies, and support and encourage the listing of the companies of "key and core technology". The signing of the MOU between the MOST and the SSE is an important measure to implement the relevant instructions of President Xi Jinping, and is of great significance to deepening the integration of technology and finance and guiding the support of the financial capital for major technological innovations.
Source: the Ministry of Science and Technology of the People's Republic of China
