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On March 19, SZSE and the Industrial and Commercial Bank of China Limited (ICBC) held discussions and exchanges, aiming at better implementing the spirit of the series of important speeches delivered by General Secretary Xi Jinping on the economic and financial work and further deepening the cooperation between the two sides. The meeting focused on boosting the deep integration of commercial banks and capital markets, promoting the healthy development of financial industry, enhancing the ability of finance to serve the real economy etc. The two sides also signed a strategic cooperation framework agreement. SZSE Party Secretary and Chairman Wu Lijun and ICBC Party Committee Member and Vice President Tan Jiong attended the meeting and the signing ceremony.
ICBC focuses on its main business, insists on serving the real economy, and guides the rational allocation of financial resources. It improves the financial services for private, small and micro enterprises as a breakthrough to implement the requirements of the "Sixth Stability" of the CPC Central Committee and the State Council and promote monetary policy transmission. Besides, ICBC continues to deepen the services for private, small and micro enterprises so as to give play to the "head goose driving effect" and grow together with the real economy.
SZSE always implements the requirements on the new development concepts and insists on serving the overall national strategy. By leveraging its advantages in innovative capital formation and role in optimizing resources allocation, SZSE strives to build a comprehensive and efficient market cultivation service system to serve SOE reform, facilitate the development of private enterprises, support tech ventures in becoming better and stronger, and continuously enhance the ability of finance to serve the real economy. ICBC and SZSE share the same development goals and have a wide range of cooperation. We have maintained close communication and good cooperation for a long time, and many partnerships have achieved positive results.
Next, under the framework of the strategic cooperation agreement, the two sides will continue to focus on serving the real economy and meeting the needs of economic and social development and the people. We will deepen the structural reform of the financial supply side, identify the focus of financial services, provide precise financial support, and open up the "last kilometer" for the running finance to flow to the real economy. Besides, we will jointly deepen cooperation in enterprise listing cultivation, fixed income, product innovation, tech finance, cross-border services, and information sharing etc. We will also give full play to our respective advantages, actively serve the construction of the Guangdong-Hong Kong-Macao Great Bay Area, and better serve the development of a wider range of tech ventures, private enterprises, and SMEs, so as to provide higher quality and more efficient financial services for the development of the real economy.
