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In the middle of November, SZSE held the “2019 Sichuan Service Week” concerning the capital market. Based on the practical demand of Sichuan Province for high-quality economic development and the characteristics and difficulties of different cities in transformation and upgrading, SZSE conducted special training and exchanges on topics like improving the quality of listed companies, application of fixed-income products and the reform and development of state-owned enterprises in Chengdu, Mianyang, Luzhou, Yibin, etc. SZSE also held investment and financing roadshows of technology companies, and signed a strategic cooperation agreement with the Luzhou government. It is an important measure adopted by SZSE to further deepen the strategic cooperation with Sichuan and a continuous exploration of further helping provinces improve their financial ecology and making innovations in professional and local service models.
SZSE has always been attaching great importance to serving the national strategies of the development of the west of China and the Yangtze Economic Belt. In 2016, SZSE signed a strategic cooperation agreement with Sichuan. In 2018, SZSE set up a west base in Chengdu, to continue to increase efforts in serving Sichuan and the west, support two thirds of A-share listed companies in Sichuan in standardizing and upgrading themselves by making use of SZSE platforms, and provide bid invitation and issuance services of first special bonds in China concerning Sichuan’s rural revitalization, poverty alleviation through tourism, greenway construction, pipe gallery construction, etc.
During the Service Week, based on the need of Sichuan to improve the securitization ratio of provincial state-owned assets, SZSE and State-owned Assets Supervision and Administration Commission of Sichuan Province held the special training on financing with fixed-income products to help SOEs improve direct financing capability. Based on the need of Mianyang to speed up the building of science and technology cities by making use of its scientific research and military advantages, SZSE jointly promoted the construction of the Mianyang Roadshow Center with Mianyang National High-tech Industrial Development Zone, to provide a non-profit investment and financing matchmaking platform for excellent projects and accelerate the transformation of scientific and technological results. As per the need of Luzhou, an emerging port-opening city in Sichuan Province, to build a port-based national logistics hub, SZSE signed and jointly held special training with Luzhou to support Luzhou’s listed companies in doing better and growing stronger, prepare companies planning to get listed and use fix-income products to support infrastructure construction in Luzhou.
In recent years, SZSE has been actively making explorations and taking the initiative to communicate with cities on their development needs. Based on local resource advantages and industry characteristics, SZSE has developed tailored solutions and creatively launched new models that support the development of local capital market and serve the transformation and upgrading of the real economy. Next, SZSE will continue to follow the CSRC’s requirements on “Four Respects” (respecting the market, rule of law, profession and risks) and “One Resultant Force” (seeking support from all sectors of society). We’ll stick to the fundamental task of the financial industry to serve the real economy and continue to give play to its function as a market-oriented platform and its innovation capital formation advantage. We’ll also enhance the “Service Week” brand, expand the professionalism and pertinence of “localized” services, strive to build a capital market service system that matches the pilot demonstration area of socialism with Chinese characteristics and assist in local high-quality economic development on all sides.
