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In an interview on 11 May, President Zhang Yujun of the Shanghai Stock Exchange (SSE) said that the SSE is duty-bound to drive the construction of Shanghai International Financial Centre and International Shipping Centre. The SSE is making efforts to accelerate the bond market development, promote innovation and strengthen the infrastructure construction. According to Zhang, the bond market development will be the focus. Firstly, the SSE will cooperate with the government in launching municipal bonds and corporate bonds, and also enhance the integration of different bond markets and coordination of trading(front-end) and settlement(back-end).
Secondly, the SSE is promoting the innovation of businesses, systems and products. The block trading platform will be further improved to better satisfy the market trading needs. Besides, apart from fostering a troop of qualified investors, trading mechanism and modes for different traders will be provided according to the market risk levels and the investors' education levels. And one important aspect of innovation is to further research and develop new products such as different ETF products.
Thirdly, the SSE will strengthen the infrastructure and basic system construction. Its new technical system is under testing and will be launched soon. The SSE will also equip its Research Center with more talents to transform it into an independent unit in support of the construction of international financial center.
