On June 26, SZSE and the China Electronic Information Industry Development Research Institute (CCID) of the Ministry of Industry and Information Technology (MIIT) jointly organized the “16th China International SME Fair SME Investment and Financing Forum & Investment Roadshow” which is themed “capital market facilitating innovative development of small and medium-sized enterprises (SMEs)”. It’s one of the major sections of the 16th China International SME Fair, and also an important measure of the two parties to conscientiously implement the guiding principles of General Secretary Xi Jinping’s important speech at the private enterprises’ forum, carry out the Guiding Opinions on Promoting Healthy Development of Small and Medium-sized Enterprises issued by the General Office of the CPC Central Committee and the General Office of the State Council, and serve the innovative development of SMEs by giving full play to their strengths in platform functions and resources. Over 200 participants, including relevant officials of the SME Bureau of the MIIT, the Department of Industry and Information Technology of Guangdong Province and SZSE, and representatives from listed companies and market institutions, attended the event.
SMEs and private enterprises are important forces to increase employment, improve living standards and promote business startups and innovation. With its own distinctive features, SZSE has always been serving national strategy and economic and social development, specifically, supporting the development of technological innovation enterprises, private enterprises and growth enterprises, helping SMEs expand financing channels with diverse capital instruments, cultivating new drivers for high-quality development with “local” characteristic services, and creating a life cycle service chain for SMEs and private enterprises. By the end of May 2019, among the 2,167 SZSE-listed companies, private enterprises accounted for over 70% by quantity and over 60% by market capitalization, of which over 70% were high-tech enterprises and over 40% were strategic emerging enterprises. There were over 1,800 listed credit products with fixed income, with total book value of AUM of CNY1.94 trillion. SZSE has actively launched innovative financing instruments such as corporate bond for innovation and business startups, bailout bond and supply chain finance payables securitization product to further ease SMEs’ financial pressure. SZSE’s V-Next platform has served over 1,000 technology-based SMEs in financing.
Next, SZSE will, according to the decisions and arrangements of the China Securities Regulatory Commission, continue to give play to its functions as a multi-tiered capital market platform, deepen market reform, strengthen the development of basic systems, increase the supply of innovation products, improve the breadth and depth of market services, and support SMEs in using the capital market for direct financing, so as to provide more accommodative measures to ease SEMs’ difficulties, and help more SEMs realize innovative development and grow bigger and stronger.
